Business
Progressive Planet Reports Record Quarterly Revenues and Income from Operations in Fiscal Q2 2024
Progressive Planet Reports Record Quarterly Revenues and Income from Operations in Fiscal Q2 2024...
About this update from Progressive Planet Solutions Inc.
[{"type":"text","content":"\n \n \n \n Progressive Planet Reports Record Quarterly Revenues and Income from Operations in Fiscal Q2 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{\nBORDER:1pt none rgb(0, 0, 0); PADDING-LEFT:0.17em; PADDING-RIGHT:0.17em; OVERFLOW-WRAP: BREAK-WORD; VERTICAL-ALIGN: TOP\n}\n.prnw100{\nWIDTH: 100%\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION IN THE\n \n USA\n \n /\n \n \n \n \n \n KAMLOOPS, BC\n \n \n ,\n \n \n Dec. 6, 2023\n \n \n /CNW/ - Progressive Planet Solutions Inc.\n \n (TSXV: PLAN) (OTCQB: ASHXF) (\"Progressive Planet\", \"PLAN\", or the \"Company\")\n \n , a leader in developing CleanTech solutions for the planet, announces it has filed consolidated financial statements and related management's discussion and analysis (\"MD&A\") for the fiscal quarter ending\n \n October 31, 2023\n \n (\"Q2 2024\") on SEDAR+. These documents are also available on the Company's\n \n website.\n \n \n \n \n \n \n \n \n \n \n \"Progressive Planet reported record quarterly revenues and income from operations in Q2 2024,\" says Progressive Planet CEO\n \n Steve Harpur\n \n .\n \n \n Added Harpur: \"With two credit facilities totalling\n \n $3.21 million\n \n remaining unused at quarter ended\n \n October 31, 2023\n \n , and with cash on hand increasing by\n \n $0.32 million\n \n since quarter ended\n \n July 31, 2023\n \n , we are funding growth with operating cash flow without raising new equity.\"\n \n \n \n Fiscal Q2 2024 highlights\n \n \n \n \n Operating cash flow increased to\n \n $0.67 million\n \n in the six months ended\n \n October 31, 2023\n \n , from negative\n \n $0.11 million\n \n for the six months ended\n \n October 31, 2022\n \n \n \n Income from operations was\n \n $0.26 million\n \n for the current quarter, a 111% increase from the income from operations realized in the quarter ended\n \n October 31, 2022\n \n , and the highest amount ever achieved by Progressive Planet\n \n \n Revenue increased to\n \n $5.44 million\n \n in Q2 2024, an increase of 3.0% from the\n \n $5.28 m...