Cleantek Industries Inc. ( (TSE:CTEK) ) has issued an update.
Cleantek Industries Inc. reported strong financial and operational results for Q4 2024, despite a decrease in revenue due to lower activity levels. The company achieved a significant increase in net income and adjusted EBITDA, driven by strategic realignment and operational efficiencies. Cleantek is poised for growth in 2025, with plans to expand its fleet, explore international markets, and introduce new technologies like EcoSteam and DZeroE to meet rising demand in wastewater treatment and sustainable lighting.
More about Cleantek Industries Inc.
Cleantek Industries Inc. is an innovative provider of patented clean technology solutions focused on reducing cost and carbon intensity in the wastewater management and industrial lighting sectors. The company targets markets such as oil and gas, midstream, mining, industrial, and construction, with a commitment to sustainable and cost-effective solutions.
YTD Price Performance: 18.18%
Average Trading Volume: 104,179
Technical Sentiment Signal: Buy
Current Market Cap: C$7.61M
See more data about CTEK stock on TipRanks’ Stock Analysis page.