Tue, Jul 16, 7:27 PM (53 days ago)
P2 Solar, Inc. reported its financial results for the fiscal year ending March 31, 2024. The company generated $166,288 in revenue from its solar installations, marking its entry into the solar market following the acquisition of Futricity Solar, Inc. Operating expenses increased by 106% to $181,917 due to higher administrative and professional fees. The net loss narrowed to $148,426 from $177,528 in the prior year. The company continues to face liquidity challenges with a working capital deficit of $1,835,861. Future plans include expanding solar installations and seeking additional capital, contingent on the revocation of a cease trade order by the British Columbia Securities Commission.