Ostrom Climate Solutions Inc (TSE:COO) has released an update.
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Ostrom Climate Solutions Inc. showcased a significant revenue increase of 54.4% in Q4 2023 and a 16.1% growth for the fiscal year, with gross profits also rising substantially. However, the company faced a deeper net loss for both the quarter and the year, attributed to higher operational costs linked to business expansion and project development. Despite this, the company remains poised to benefit from growing demand for carbon offsets due to global net-zero efforts.
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