PowerHouse Energy drives ahead looking to raise revenues
After a good year, the company continues to drive ahead as ‘tight as it can’ with raised revenues and a strategy to cut costs. IGTV caught up with CEO Paul Emmitt and CFO Ben Brier.
The priority is to build its technology centre in Bridgend, where it can invite in guests to see what the business is doing.
(AI Video Summary)
Enhanced revenue streams and operational assets
In a recent financial update, PowerHouse Energy Group, a London AIM-listed company, reported significant progress in its operations. The firm, led by CEO Paul Emmitt and CFO Ben Brier, focuses on recycling waste into synthetic gas. Emmitt and Brier highlighted a reduction in operating losses by £300,000, bolstered by strategic acquisitions of Engsolve and Protos, enhancing revenue streams and operational assets. With a healthy cash balance of £4.3 million, the company is prioritising the completion of a new technology center in Bridgend, South Wales.
The way forward
The forward-looking strategy includes expanding internationally, leveraging technology patents, and enhancing shareholder value through innovative recycling solutions. Recent share price trends reflect investor confidence, driven by these strategic developments and the potential for future earnings.
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