Carbon Streaming ( (TSE:NETZ) ) has issued an announcement.
Carbon Streaming Corporation reported its financial results for the fiscal year ending December 31, 2024, highlighting significant cost reductions and strategic restructuring efforts. Despite challenging market conditions and economic uncertainties in the voluntary carbon market, the company aims to maximize value from its existing portfolio and explore strategic options to enhance shareholder value. The company ended the year with $37.4 million in cash, no corporate debt, and a reduced workforce, which contributed to substantial savings in operating expenses. However, it faced a net loss on revaluation of carbon credit streaming and royalty agreements due to reduced carbon credit production and sales profiles, as well as increased risk-adjusted discount rates.
More about Carbon Streaming
Carbon Streaming Corporation operates in the carbon credit market, focusing on carbon credit streaming and royalty agreements. The company is involved in strategic partnerships and investments aimed at enhancing shareholder value, with a market focus on voluntary carbon markets.
YTD Price Performance: -11.43%
Average Trading Volume: 48,285
Technical Sentiment Signal: Buy
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