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EverGen Infrastructure reported its Q1 2024 financial results, showcasing significant advancements.
Key highlights include record quarterly revenues of $3.2 million, a 92% increase year-over-year, driven by enhanced RNG production.
Fraser Valley Biogas achieved record daily and monthly RNG output following a project completion in December 2023.
Despite an improved adjusted EBITDA of $0.7 million, the company posted a net loss of $1.3 million, up from $1.0 million in Q1 2023, due to the absence of gains from contingent considerations.
Operational achievements encompass a 300% rise in RNG production to 35,440 gigajoules and a 144% increase in organic compost sales.
EverGen Infrastructure Corp. (TSXV: EVGN, OTCQX: EVGIF) has announced the release of its 2024 first quarter financial results on May 28, 2024, after market close.
The company will host a conference call on May 29, 2024, at 11:00 a.m. ET to discuss the results, led by CEO Mischa Zajtmann and CFO Sean Hennessy.
Investors and stakeholders can join the call via a provided Zoom link.
