Chloe Cheong's comment on VERDANT. All Comments
Chloe Cheong
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VERDANT’s Q3 results are out, and the company recorded a net loss of RM1.98 million on revenue of RM8 million. The loss was mainly due to ongoing efforts to scale up operations, changes in the types of projects they are taking on, and lower margins as they deploy more BESS under the Solar ATAP programme
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Alvin Chok
Short-term losses are understandable when a company is aggressively scaling up. The important part is VERDANT is expanding its BESS deployment pipeline under Solar ATAP, which could strengthen future recurring revenue
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Kerbie Low
Looks like we’ll have to wait until the next quarter for the company to return to profitability...
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Hui Eng Huat
Better play safe and watch how their margins hold up before going all in
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Kong Ming Deng
Run run run, Alvin confirm buy a lot hahahaa
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