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SHARC Energy Systems C.SHRC

Alternate Symbol(s):  INTWF

Building Materials Building Materials
SHARC International Systems Inc. is engaged in energy recovery from the wastewater the Company send down the drain every day. Its energy's systems recycle thermal energy from wastewater, generating energy and economical systems for heating, cooling & hot water production for commercial, residential, and industrial buildings. 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.


CSE:SHRC - Post by User

SHARC Energy Systems > New Press Release - SHARC Energy Announces Q3 2024 Financial Results
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Comment by Mostlyseriouson Nov 29, 2024 11:11am
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Post# 36337538

RE:RE:RE:New Press Release - SHARC Energy Announces Q3 2024 Financial Results

RE:RE:RE:New Press Release - SHARC Energy Announces Q3 2024 Financial Results

Incorporated in 2011 and incurred a cumulative total in losses about $40 million.  

If this was privately owned, I do not think anyone would keep putting this kind of money into it over a decade with the uncertain prospects going forward at this point.  Imagine the performance required to recoup this investment plus a more than a double just to start making money.  About $10m to $12m in annual sales is required to break even under the current operations.

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