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colitco.com
In the December 2024 quarter, Carbonxt Group Ltd (ASX: CG1) achieved significant milestones, notably the mechanical completion of its Kentucky activated carbon plant on December 18, 2024. This advancement positions the company to scale production and meet increasing market demand. The Kentucky facility enhances Carbonxt's footprint in the activated carbon industry, with plans to enter the water treatment sector.
Financially, Carbonxt reported a 20% increase in customer cash receipts, totaling $2.2 million for the quarter, driven by a 14% year-on-year rise in Powdered Activated Carbon (PAC) sales. The company also reduced operating expenses by $1.5 million annually, aligning with its goal of achieving positive cash flow in upcoming quarters. These developments underscore Carbonxt's commitment to growth and market expansion.
Financially, Carbonxt reported a 20% increase in customer cash receipts, totaling $2.2 million for the quarter, driven by a 14% year-on-year rise in Powdered Activated Carbon (PAC) sales. The company also reduced operating expenses by $1.5 million annually, aligning with its goal of achieving positive cash flow in upcoming quarters. These developments underscore Carbonxt's commitment to growth and market expansion.
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Joined APSense.com
Feb 2025