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Charbone Hydrogen (TSXV: CH) Reports Q1 2025 Results: Revenue Down 94%, Operating Cash Burn Improves 7%
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Highlights
Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) released its financial and operational results for the first quarter ended March 31, 2025, reflecting ongoing project development and cost control efforts amid a decline in revenue.
Revenue for the quarter fell sharply to $5,067, down from $81,637 in Q1 2024. The decrease stems from an equipment failure at the Wolf River hydroelectric facility, acquired in late 2022. The company has indicated the failure is temporary, with repairs expected to enhance capacity.
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