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Technology
Aduro Clean Technologies (CSE: ACT) Reports Revenue Dip for Q3 2025
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Highlights
Aduro Clean Technologies Inc. (Nasdaq: ADUR, CSE: ACT), a clean technology company specializing in the transformation of waste plastics, heavy bitumen, and renewable oils, has reported its interim financial results for the third quarter and nine-month period ended February 28, 2025.
For the third quarter of fiscal 2025, Aduro recorded revenue of $63,399, reflecting a 39% decline compared to $103,628 in the same period of the previous year. The company's year-to-date revenue for the nine months ending February 28, 2025, was $156,542, down 33% compared to the same period in 2024. This decrease in revenue is attributed to the nature of Aduro’s business model, where revenue is generated through customer engagement programs (CEPs) that are project-based and non-recurring. These programs involve testing and evaluating the company’s technology applications.
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