Tantalus Systems Posts Record Sales, Strong Margins

Tantalus Systems Holding (TSE:GRID) has released an update.

Tantalus Systems Holding Inc. has reported a record-breaking $32.9 million in sales orders for the first half of 2024, a 46% increase from the previous year, with a notable addition of fourteen new utilities to their network. Despite this growth, the company experienced a 4% revenue decrease from the same period last year due to order conversion timing and capacity allocations. However, they have maintained a strong gross profit margin of 55% in the second quarter, in line with their previous performance.

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