EcoSynthetix (TSE:ECO) has released an update.
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EcoSynthetix Inc. reports an 8% increase in net sales for Q2 2024 compared to the previous year, driven by a 21% rise in product demand. Despite the sales growth, the company maintained an Adjusted EBITDA loss of $0.8 million, consistent with the prior period. Additionally, EcoSynthetix strengthened its market presence by securing two new mill contracts and seeing continued demand growth across various end markets.
For further insights into TSE:ECO stock, check out TipRanks’ Stock Analysis page.
