Next Hydrogen Solutions Inc (TSE:NXH) has released an update.
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Next Hydrogen Solutions Inc. reports promising Q1 2024 financials, with cash balance of $9.6M and a revenue increase to $0.6M from last year’s $0.04M, maintaining a steady net loss of $3.4M. The company, a leader in electrolyzer manufacturing, highlights its progress, including exceeding energy efficiency targets, a $7.7M repeat project, and strategic collaborations with GE Vernova and Casale for advancing green hydrogen technology.
For further insights into TSE:NXH stock, check out TipRanks’ Stock Analysis page.
