US EditionNXT Energy Solutions Announces First Quarter 2025 Results and Investor Conference Call
- NXT Energy Solutions Inc. Announced its first quarter 2025 financial results on May 8, reporting $12.46 million in revenues and $7.68 million in net income.
- The improved financial performance follows a net loss the previous year, which was impacted by increased SFD survey activities conducted for Synergy E&P Limited, a key collaborative partner, along with higher associated revenues.
- The company completed data acquisition for the SFD survey during Q1 and entered a contract to provide a similar survey in Africa scheduled for the third quarter of 2025.
- CEO Bruce G. Wilcox noted that the successful execution of SFD surveys contributed to the company’s strong financial performance in the first quarter, including operating cash flow of $1.47 million and cash and short-term investments totaling $2.03 million.
- These results suggest that NXT’s strategy to generate diversified revenue through SFD technology and strategic partnerships supports financial recovery and growth potential.
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Mid Florida Newspapers+4 Reposted by 4 other sources
NXT Energy Solutions Announces First Quarter 2025 Results and Investor Conference Call
CALGARY, AB / ACCESS Newswire / May 8, 2025 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) today announced the Company's financial and operating results for the quarter ended March 31, 2025 . All dollar amounts herein are…
The Record+7 Reposted by 7 other sources
Maxim Power Corp. Announces 2025 First Quarter Financial and Operating Results
CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) announced today the release of financial and operating results for the first quarter ended March 31, 2025. The unaudited condensed consolidated interim financial…
·Waterloo, Canada
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