Eguana Technologies (TSE:EGT) has released an update.
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Eguana Technologies Inc. is actively managing its liquidity challenges through various strategies, including adjusting payment terms with its major U.S. customer and deferring debt payments, while also seeing positive developments in its utility VPP (Virtual Power Plant) initiatives. Despite ongoing efforts, the company’s cash position remains tight in the near to medium term. However, the recent increase in sales and resumed payments from the U.S. customer, along with ongoing negotiations with debt holders, provide a cautious outlook for future cash flows.
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