Synex Internt’l (TSE:SXI) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Synex Renewable Energy Corporation reported increased revenues of $929,547 in Q3 2024, up from the previous year, alongside a reduction in net losses to $58,898, down from $213,803 in Q3 2023, largely due to lowered operational costs and higher electricity sales from its Mears, Cypress, and Barr Plants. The company has invested in developing investigative wind licenses and has seen a rise in unrestricted cash to $451,091, thanks to improved sales and a private placement. Synex continues to focus on renewable energy projects and owns multiple hydro and wind power sites across British Columbia.
For further insights into TSE:SXI stock, check out TipRanks’ Stock Analysis page.