Clear Blue Technologies sees Q3 revenue rise by 24%, but faces cash flow issues from a sharp Q2 drop.

Clear Blue Technologies International reported a 24% rise in third-quarter revenue to $4.3 million, with a 49% increase in gross profit to $1.97 million. However, second-quarter revenue fell 84% to $369,000 due to delayed R&D grant payments, causing cash flow issues. The company is working on restructuring plans to improve its financial position and aims for a stronger 2025.

November 29, 2024
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