RE Royalties Ltd. reported a 47% Q2 2024 revenue decline due to a prior year buyout, while cash reserves reached $13.210m.
RE Royalties Ltd., a leading renewable energy royalty-based financing firm, reported a 47% decline in Q2 2024 revenue and income to $1.828 million, owing to a one-time royalty buyout in the prior year. Year-to-date revenue and income dropped by 15% to $4.465 million. Despite a quiet Q2 in terms of transaction completions, the company is progressing its due diligence on investment opportunities and expects to finalize it soon. The company's cash reserves stood at $13.210 million at the end of Q2. A conference call to discuss Q2 results is scheduled for September 3, 2024.
August 28, 2024
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