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CVW CLEANTECH ANNOUNCES Q2 2023 RESULTS
CVW CLEANTECH ANNOUNCES Q2 2023 RESULTS Canada NewsWire CALGARY, AB , ...
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[{"type":"text","content":"\n \n \n \n CVW CLEANTECH ANNOUNCES Q2 2023 RESULTS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen3{\nTEXT-ALIGN: JUSTIFY; MARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Aug. 29, 2023\n \n \n /CNW/ -\n \n CVW CleanTech Inc. (the \"Company\" or \"CVW CleanTech\")\n \n (TSXV: CVW)  is pleased to announce its operating and financial results for the three and six months ended June 30, 2023. For complete details,  please refer to the Condensed Interim Financial Statements and associated Management Discussion and Analysis for the second quarter of 2023, available on SEDAR: (\n \n www.sedar.com\n \n ) or on the Company's website:\n \n www.CVWCleanTech.com\n \n .\n \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n Cash on hand as at\n \n June 30, 2023\n \n was\n \n $6.6 million\n \n . The Company's capital position and liquidity has remained relatively consistent with Q1 2023.\n \n \n Net loss for the three month period ended\n \n June 30, 2023\n \n was\n \n $1,052,000\n \n and the net loss per share was\n \n $0.01\n \n (basic and diluted) for the same period. Non-cash charges recognized for stock-based compensation expense totaled\n \n $580,000\n \n for the three month period ended\n \n June 30, 2023\n \n .\n \n \n Net loss for the six month period ended\n \n June 30, 2023\n \n was\n \n $2,100,000\n \n and the net loss per share was\n \n $0.02\n \n (basic and diluted) for the same period. Non-cash charges recognized for stock-based compensation expense totaled\n \n $1,133,000\n \n for the six month period ended\n \n June 30, 2023\n \n .\n \n \n \n A key priority for the business is to ensure that commercial scale deployment of the Creating Value fro...