Eguana Technologies (TSE:EGT) has released an update.
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Eguana Technologies reports a significant revenue decrease in Q1 2024 compared to the same quarter the previous year, reflecting a slow market recovery in North America’s residential rooftop solar sector. The company showed a reduction in operating loss due to lowered expenses, and improved gross margins led by the Australian branch. Eguana is actively managing liquidity challenges, having secured deferred payment agreements with lenders and a strategic investor to enhance financial flexibility.
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