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Maxim Power Corp. Announces 2024 First Quarter Financial and Operating Results with Revenue of $35 million and Net Income of $10 million
CALGARY, Alberta, May 07, 2024 (GLOBE NEWSWIRE) — Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the release of financial and operating results for the first quarter ended March 31, 2024. The
(1) Select financial information was derived from the consolidated financial statements and is prepared in accordance with GAAP, except adjusted Earnings before Interest, Income Taxes, Depreciation and Amortization (“Adjusted EBITDA”), which is a non-GAAP measure (see Non-GAAP Financial Measures below). Net debt is included in the notes to the consolidated financial statements. Nebt debt is calculated to include: loans and borrowings (including the convertible loan facility) less unrestricted cash. Read More
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