The latest update is out from Volt Power Group Ltd ( (AU:VPR) ).
Volt Power Group Ltd reported a record revenue increase of 11% to $5.56 million and a 61% rise in EBITDA to $2.29 million for FY24, despite a 19% decrease in Adjusted EBITDA due to increased R&D investments. The company expanded its EcoQuip MSLT fleet, secured an evergreen contract with Thiess, and advanced its ATEN Waste Heat to Power system, demonstrating significant technical and financial benefits. These developments underscore Volt’s commitment to innovation and its strategic positioning in the renewable energy sector, potentially enhancing its market competitiveness and stakeholder value.
More about Volt Power Group Ltd
Volt Power Group Ltd operates in the renewable energy and technology sector, focusing on the development and deployment of innovative energy solutions. Their primary products include Mobile Solar Light Towers (MSLT) and Mobile Solar Communications Towers (MSCT) under the EcoQuip brand, as well as the ATEN Waste Heat to Power system. The company targets markets in Australia, China, and the USA, with a focus on enhancing energy efficiency and reducing carbon emissions.
Current Market Cap: A$10.72M
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