Pacific Green Technologies INC 10-Q quarterly reports
Quarterly reports, with unaudited financial statements and management’s discussion of the quarter just ended.
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Pacific Green Technologies Inc. reported a substantial net loss and a worsening working capital deficit for the nine months ended December 31, 2024, despite a significant expansion in its Battery Energy Storage Systems (BESS) project pipeline, raising going concern doubts.
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Pacific Green Technologies Inc. reported a significant increase in net losses and a worsening working capital deficit for the six months ended September 30, 2024, despite revenue growth and substantial expansion of its Battery Energy Storage Systems (BESS) project pipeline, while also disclosing material weaknesses in internal financial controls and ongoing efforts to secure critical development funding.
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10-Q: Pacific Green Technologies Faces Going Concern Doubts Amid Q1 Loss and Strategic BESS Expansion
Pacific Green Technologies Inc. reported a net loss of $3.5 million for the quarter ended June 30, 2024, despite increased revenues and a growing battery energy storage system (BESS) project pipeline, while facing significant liquidity concerns and internal control weaknesses.
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Pacific Green Technologies saw a significant increase in revenue and a return to profitability in the third quarter of 2023, primarily due to the sale of Battery Energy Storage System (BESS) projects.