Crude Oil (WTI)

Commodity

XD0015948363

Delayed OTC Data Services 08:01:31 2024-05-31 pm EDT			5-day change	1st Jan Change
77.04 ^USD	0.00%		-0.89%	+8.06%

May. 31	Business Lookahead: Cool jobs at last	RE
May. 31	Energy Shares Rise Ahead of OPEC Meet -- Energy Roundup	DJ

Mycelx reports 9% revenue growth as losses narrow in 2023

May 16, 2024 at 09:32 am EDT

(Alliance News) - Mycelx Technology Corp on Thursday said it expects to see rising demand following a year of good progress.

The Georgia, US-based clean air and water technology company said its pretax loss in 2023 narrowed to USD3.3 million from USD3.6 million the year before.

Revenue grew 9.0% to USD10.9 million from USD10.0 million.

Chief Executive Officer Connie Mixon commented: "Mycelx delivered steady progress in its core areas of focus. This can be seen with the number of new project awards and recurring work agreed during the period.

"We believe we have tremendous upside with differentiated technology that provides clear economic and environmental benefits that will result in significant growth for the company into the future."

In particular Mycelx believes there is considerable opportunity for its REGEN filtration system after securing a USD5.4 million contract with a leading oil company to treat produced water.

The company anticipates an up-tick in sales demand from globally recognised firms throughout 2024.

Mycelx shares were down 2.3% to 53.25 pence each in London on Thursday afternoon.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
S&P GSCI PETROLEUM INDEX	285.6 PTS	-0.91%	-0.39%	-
S&P GSCI ENERGY INDEX	257.9 PTS	-0.85%	-0.93%	-
BRENT CRUDE OIL SPOT	81.28 USD	-0.76%	-0.23%	-
WTI	77.04 USD	0.00%	-0.89%	-
MYCELX TECHNOLOGIES CORPORATION	64.5 GBX	-.--%	-0.77%	18.86M

Latest news about Crude Oil (WTI)

Business Lookahead: Cool jobs at last	May. 31	RE
Energy Shares Rise Ahead of OPEC Meet -- Energy Roundup	May. 31	DJ
News Highlights : Top Energy News of the Day - Friday at 4 PM ET	May. 31	DJ
US Equities Markets Close Mixed Friday as Fed's Preferred Inflation Measure Meets Expectations	May. 31	MT
Equities Mixed as Fed's Preferred Inflation Measure Meets Expectations	May. 31	MT
Sector Update: Energy Stocks Gain Late Friday Afternoon	May. 31	MT
ICE Review : Canola Under Pressure From Crude Oil, Farmer Selling	May. 31	DJ
Weak US gasoline demand compounds pressure on oil ahead of OPEC+ meet	May. 31	RE
Sector Update: Energy	May. 31	MT
Oil Rig Count Falls by One This Week, Baker Hughes Says	May. 31	MT
Canada Business Investment Bounces Back Despite Still Declining Profits in Q1	May. 31	MT
WTI Crude Oil Closes Lower as U.S. Inflation Data Matches Expectations Ahead of Weekend OPEC+ Meeting	May. 31	MT
July WTI Crude Oil Contract Closes Down US$0.92; Settles at US$76.99 per Barrel	May. 31	MT
US oil producers maintain modest growth as OPEC+ eyes extended cuts	May. 31	RE
US Equity Indexes Mixed After Fed's Preferred Inflation Data Meeting Market Expectations	May. 31	MT
Canadian Natural Resources Ratings Confirmed by DBRS	May. 31	MT
Buy EUR/USD, Target 1.1074, Says Spectra Markets' Brent Donnelly	May. 31	MT
US drillers cuts most oil and gas rigs in a month since August - Baker Hughes	May. 31	RE
The Week in Oil : Crude Under Pressure Ahead of Long-Awaited OPEC+ Meeting	May. 31	DJ
France, Germany urge tougher EU checks on biofuel imports in fraud probe	May. 31	RE
Nymex Overview : Futures Mixed Before OPEC Meeting; Products Eye Weekly Loss -- OPIS	May. 31	DJ
Nordic Shares Moved Upward Friday; NEL Topped Leaders	May. 31	DJ
CRUDE PRODUCTION IN TEXAS GREW 0.7% TO 5.6 MILLION BARRELS PER D…	May. 31	RE
ICE Canola Midday : Prices Now Pulling Back	May. 31	DJ
U.S. CRUDE FUTURES FALL BY $1 TO SESSION LOW OF $76.67 A BARREL…	May. 31	RE