2023-04-10 10:48:55 ET
- Anaergia ( OTCPK:ANRGF ) on Monday posted a 13.1% drop in revenue and a wider net loss for the fourth quarter of 2022.
- The company reported Q4 revenue of $40.6 million vs. $46.7 million for the same period last year.
- Net loss came in at $37.9 million for the three months ended Dec. 31, 2022, compared to a loss of $8.1 million for the same period last year.
- The company's gross profit of $3.2 million was down nearly 41% for the quarter, hurt by project delays and pricing increases.
- Adjusted EBITDA for Q4 was negative $15.4 million vs negative $0.8 million last year.
- Press Release .
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Anaergia's Q4 revenue falls 13% to $40.6M