Tantalus Systems (TSE:GRID) Reports Record Q2 Revenue of $15.4M
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowTantalus Systems Holding Inc. (TSE:GRID) reported second-quarter revenue of $15.4 million, an 18% increase year over year. Its adjusted EBITDA rose by 35% to $690,000, with recurring revenue for the quarter at $3.6 million, contributing to a record annual recurring revenue of $15 million. Approximately 77 utilities placed orders for the TRUSense Gateway, with around 6,200 gateways shipped. The company's liquidity improved to about $41.3 million with no debt maturities over the next three years, demonstrating strong financial health amidst increased utility spending.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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