Eguana Technologies (TSE:EGT) has released an update.
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Eguana Technologies Inc. faces delays in filing its annual financial statements, alongside expected financial adjustments, including an additional credit loss of approximately $8 million, inventory impairment charges, and reclassification of debt. Despite these challenges, highlighted by a slow solar industry and liquidity management efforts, the company is working towards completing the filings by May 31, 2024, and has secured some cash via inventory returns.
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