EQTEC plc (GB:EQT) has released an update.
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EQTEC plc, a leader in waste-to-value solutions, announced a year of strategic transition in 2023, highlighted by a revenue of €2.5 million, reduced operating losses, and a €3.5 million capital raise to support working capital. The company has refocused its business on providing technology and engineering for energy projects, moving away from project ownership. Despite impairments and write-offs totaling €18.8 million, EQTEC is positioning itself for sustainable growth through innovation in hydrogen, biofuels, and energy generation.
For further insights into GB:EQT stock, check out TipRanks’ Stock Analysis page.
