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Bullboard - Stock Discussion Forum Aurora Solar Technologies Inc V.ACU

Alternate Symbol(s):  AACTF

Technology Scientific & Technical Instruments
Aurora Solar Technologies Inc. is a Canada-based company, which is engaged in the development, manufacturing and marketing material inspection and inline quality control systems for the solar polysilicon, wafer, cell and module manufacturing industries. The Company's products include DM and TCM instruments, Insight, Visualize and BT Imaging. Its services include system configuration and... see more

TSXV:ACU - Post Discussion

Aurora Solar Technologies Inc > Interesting
View:
Post by ARIMA11 on Nov 08, 2023 8:25pm

Interesting

https://ceo.ca/@newsfile/aurora-solar-technologies-corporate-update-3f60a

Successful Business Acquisition
The Company is capitalizing in this expanding market, with the integration of BT Imaging. Realizing synergies and improving operations has been demonstrated financially in the first quarter results, based upon a solid balance sheet and a consolidated adjusted operating EBITDA improvement from a $(860,000) loss in the prior period to a near breakeven $(34,000) deficit for the June 2023 quarter.

BT Imaging sales for 2023 and the first five months of fiscal year 2024 are ahead of budget and is generating sufficient cash flow to support an expanded product and market roadmap. The Company has increased engineering headcount to develop these new diversification opportunities, including inline photoluminescence systems within solar wafer, cell and module production lines.
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