Thermal Energy International Sees Solid Growth

Thermal Energy International (TSE:TMG) has released an update.

Thermal Energy International Inc. reported a strong third quarter with an 8% increase in revenue to $6.1 million and a 17% increase in gross profit to $3.1 million. Despite strategic investments leading to a temporary decline in EBITDA and net income for the quarter, the company maintains a robust financial position with significant growth in order intake and backlog. The company’s focus on energy efficiency and carbon emission reduction solutions positions it as a top choice for corporations aiming for sustainability goals.

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