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NEXE Innovations Announces Financial Results for the Twelve-Month Period Ended May 31, 2024
NEXE Innovations Announces Financial Results for the Twelve-Month Period Ended May 31, 2024 ...
About this update from Nexe Innovations Inc
[{"type":"text","content":"\n\n\n\n NEXE Innovations Announces Financial Results for the Twelve-Month Period Ended May 31, 2024\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; FONT-SIZE: 8PT; FONT-FAMILY: ARIAL; COLOR: BLACK; MARGIN:0em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n WINDSOR, ON\n \n\n ,\n \n\n Sept. 30, 2024\n \n\n /CNW/ - NEXE Innovations Inc. (\"NEXE\", the \"Company\", \"we\", \"us\" or \"our\") (TSXV: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce its financial results for the twelve-month and three-month period ended\n \n May 31, 2024\n \n (\"Q4 2024\").\n \n\n\n\n\n\n\n\n\n During the quarter, the team continued to work with various potential business-to-business (B2B) customers and is currently in the final stages of negotiating master manufacturing agreements with multiple coffee companies. NEXE has procured a supply of certain long lead items/raw materials to fulfill purchase orders. In the interim period, revenues will fluctuate quarter over quarter as customers are at various stages of discussions, and revenues related to the master manufacturing agreements are expected to start in Q2/Q3 2025.\n \n\n\n \"We believe we are positioned for success and driving it with a strategic, forward-thinking approach to reshape the market. Our BPI-certified compostable products are already proven, and with our fully integrated, on-shored facility - where we manufacture our proprietary resin – in our view, we are setting a new benchmark in sustainable manufacturing. This is expected to not only make us cost-competitive with plastic but will ensure we deliver superior quality components to our customers,\"\n \n stated Ash Guglani, President and Co-founder of NEXE.\n \n\n\n Fiscal 2023 Results:\n \n\n\n For the year ended\n \n May 31, 2024\n ...