SHARC Energy Systems C.SHRC

Alternate Symbol(s): INTWF

SHARC International Systems Inc. is a Canada-based company, which is engaged in energy recovery from the wastewater the Company send down the drain every day. The Company is engaged in providing wastewater energy transfer (WET) expertise and products that service commercial, industrial, public utilities and residential development projects. Its products include SHARC Series and PIRANHA Series. The SHARC Series taps the potential of wastewater energy to reduce energy and water consumption, carbon emissions and energy costs at large, industrial scales. The SHARC utilizes the power of wastewater for both heating and cooling for the large capacity requirements of multi-family residential, commercial and energy districts. The PIRANHA Wastewater Heat Recovery & Cooling System is a specialized water-to-water heat pump that recovers energy directly from wastewater and uses this source energy to produce hot water. PIRANHA Series is typically used for potable domestic hot water (DHW) purposes.

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SHARC Energy Systems > the rest of 2024 looking good

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Comment by Mostlyseriouson Apr 30, 2024 11:41am

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Post# 36014919

RE:RE:RE:RE:the rest of 2024 looking good

Drumroll.....

Snippits about revenues.

During the three months ended December 31, 2023 (“Q4 2023”), the Company reported revenues of $(0.1M), .... In the same period in the prior year (“Q4 2022”) the company reported revenue of $0.8M....

During YE 2023, the Company reported revenues of $1.6M,... Revenue decreased 18% versus year-end 2022 (“YE 2022”) of $1.9M....

There you have it. NEGATIVE revenues in Q4 of 2023....a feat that is more difficult to accomplish than having no revenues.

But 2024 is looking good, as long as one continues to lower expecations over time.

GLTUA.

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