15th Nov 2023 14:05
Enteq Technologies PLC - Ascot, England-based energy services technology and equipment supplier - In the six months to September 30, pretax loss narrows 22% to USD594,000 from USD766,000 a year prior. Revenue dives to USD774,000 from USD4.9 million, however. Cost of sales decrease to USD1.3 million from USD3.5 million, while administrative expenses fall to USD79,000 from USD2.2 million. Looking ahead, the company says: "The SABER project has been substantially de-risked after the recent successful field-testing, with a fleet of the first generation of commercial tools currently being manufactured for deployment, to a customer contract which includes a first phase of customer testing, in addition to other potential opportunities."
Current stock price: 11.70 pence, down 0.4% on Wednesday
12-month change: up 11%
By Tom Budszus, Alliance News reporter
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