Sharc International Systems Inc. (TSE:SHRC) has released an update.
SHARC Energy has reported a promising start to 2024, with first-quarter revenues hitting $0.8 million, a 6% increase year over year, and a healthy gross margin of 38%. The company’s Sales Pipeline and Order Backlog suggest a transformative year ahead, with ongoing growth initiatives supported by a strong working capital position and no significant debt. Additionally, SHARC Energy’s innovative PIRANHA systems are gaining traction, with significant approvals and expansion into new markets like California, indicating a bright future for the company’s decarbonization solutions.
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