EverGen Infrastructure Sees Record Q1 Revenue Growth

EverGen Infrastructure Corp. (TSE:EVGN) has released an update.

EverGen Infrastructure Corp. reports a significant uptick in Q1 2024, with revenues soaring by 92% to $3.2 million, attributed to a surge in renewable natural gas production following the successful completion of the Fraser Valley Biogas project. Despite the revenue increase, the company faced a net loss of $1.3 million, a 33% rise from the previous year, although adjusted EBITDA improved to $0.7 million from practically zero.

For further insights into TSE:EVGN stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.