NXT Energy Reports 2023 Financial Results

NXT Energy Solutn (TSE:SFD) has released an update.

NXT Energy Solutions Inc. reported a net loss of $0.43 million for Q4-23 and $5.45 million for the full year 2023, despite generating SFD-related revenues of $2.15 million and receiving significant funds from convertible debentures. The company improved its net working capital position and reduced general and administrative expenses, while also completing a key Turkish SFD Survey and entering a sales agency agreement in the UAE.

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