Showing promise and hopefully the trial is a success and adds another feather to SDV's cap. Sales of CatChek™ technology, which improves oil well efficiency, continued to attract new customers across the US shale industry; SciDev has secured a field trial with an existing CatChek™ customer to test our High-VIS friction reducer, which can reduce water usage required for well completion by up to 50%. The trial will commence in Q1FY23;
The consolidated entity reported revenue of $55.6m for the period, representing a 30% increase on the prior year’s results. SciDev’s record revenue generation was achieved through organic growth via contract wins across several verticals. SciDev reported a net loss of $1.4m, with net cash used in operating activities of $1.3m. SciDev maintained a strong gross profit margin of 28% (FY21: 24%), in line with the prior year.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)