Telescope Innovations Presents Continued Growth in Fiscal Year 2024
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Telescope Innovations Corp. reported increased revenues of $4.4 million for the fiscal year ending August 31, 2024, despite an Adjusted EBITDA loss of $152K. The growth supports major research and commercialization projects in intelligent automation and advanced chemical manufacturing.
December 23, 2024 | 11:15 pm
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Telescope Innovations Corp. reported $4.4 million in revenues for FY 2024, with an Adjusted EBITDA loss of $152K. The company is focusing on intelligent automation and advanced chemical manufacturing.
The reported increase in revenues indicates positive growth and potential for future profitability, which is likely to have a positive short-term impact on the stock price. The focus on intelligent automation and chemical manufacturing suggests strategic growth areas.
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