on BOOSTHEAT (EPA:ALBOO)
BOOSTHEAT 2024 Annual Results: A Strategic Restructuring
BOOSTHEAT has published its 2024 annual results, marking a strategic turning point for the company. The company has significantly reduced its financial breakeven point, going from a monthly cash burn of €375,000 in 2023 to €306,000 in 2024, with a target of €55,000 for 2025.
BOOSTHEAT's restructuring also helped clean up its balance sheet, with total assets of €1.1 million, primarily comprised of tax receivables. Liabilities include €17.8 million in negative equity, partially offset by €14.3 million in other equity.
BOOSTHEAT now has a new financing line of up to €5 million over 36 months to enhance its technological assets, particularly its hybrid compressor, while preparing a new development cycle.
R. H.
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