Welcome to our dedicated page for SYITF news (Ticker: SYITF), a resource for investors and traders seeking the latest updates and insights on SYITF stock.
Synex International, Inc. (SYITF) delivers renewable energy solutions through hydroelectric and wind power projects across North America. This news hub provides investors and industry stakeholders with essential updates on corporate developments, financial performance, and clean energy initiatives.
Access timely press releases covering earnings reports, regulatory filings, and operational milestones. Our curated collection includes updates on hydro facility expansions, wind power licenses, and engineering service contracts that demonstrate Synex's technical expertise in sustainable energy.
Key content categories include quarterly financial results, project commissioning announcements, strategic partnerships, and environmental compliance updates. Bookmark this page to monitor Synex's progress in developing run-of-river hydro projects and expanding its renewable energy portfolio.
Synex Renewable Energy reported its financial and operational results for Q3 2024, ending March 31, 2024. Revenue increased to $929,547, up from $864,645 in Q3 2023. Electricity sales rose to $915,276 from $839,053 in the previous year. Net loss narrowed to $58,898, compared to $213,803 in Q3 2023. Net loss per share decreased to $0.01 from $0.05. The company spent $563,262 on developing wind licenses from Sea Breeze Power Corp. Unrestricted cash rose to $451,091, driven by higher sales and a private placement. Restricted cash was $766,476, and term deposits were $230,000. Total loans payable decreased to $13.42 million from $13.72 million in June 2023.
