Tantalus Systems Holding Inc (TSE:GRID) has released an update.
Tantalus Systems Holding Inc. reported a record-breaking Q1 in 2024 with $21.6 million in sales orders, representing a 20% growth over the previous year, despite a 10% dip in revenue compared to Q1 2023. The company added five new utility customers, expanding its user community to 293, and saw an impressive 16% year-over-year growth in Annual Recurring Revenue to $11.6 million. Additionally, Tantalus improved its Gross Profit Margin to 53%, up from 47% the previous year.
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