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Bullboard - Stock Discussion Forum Acceleware Ltd V.AXE

Alternate Symbol(s):  ACWRF

Technology Software - Application
Acceleware Ltd. is an advanced electromagnetic (EM) heating company with highly scalable EM solutions for large industrial applications. Its segments include High-Performance Computing (HPC) and RF Heating. The HPC segment sells proprietary high-performance computing software and related consulting services and training programs to the oil and gas industry. The RF Heating segment is engaged in... see more

TSXV:AXE - Post Discussion

Acceleware Ltd > Q1 2023 is out.
View:
Post by mctrader on May 25, 2023 10:14am

Q1 2023 is out.

Q1 2023 is out and what stood out for me was the following:

  • Oil production resumed in late Q1 2023, however production will be shut-in when workover operations are active at site.
    And:
    Management decided to move forward with a solution that is expected to be completed in Q2 2023.

    Which should be the end of next month.
     

Comment by ScarletSpider on May 25, 2023 10:35am
Yes those are the 2 that stuck out to me too...the oil production if i am reading things right and understanding it right is sn increase in revenue and if yes that is key  And the workover as you simply stated should be finally finished in June simply put vs my long winded post Overall i saw a strengthening of balance sheet where i am weighing it more on oil sale vs software which isnt very ...more  
Acceleware Ltd