ITM has released its full year results to the end of April 2024. As guided, these report a year of revenue progress and reduced cash burn. Going forward, the company retains a large cash pile for continuing to develop its electrolyser business, with the recent 100MW contract win from Shell representing important progress here.
15 Aug 2024
ITM Power (ITM LN) - Full year 2024 results
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ITM Power (ITM LN) - Full year 2024 results
ITM Power PLC (ITM:LON) | 80.7 0.2 0.4% | Mkt Cap: 498.2m
- Published:
15 Aug 2024 -
Author:
Daniel Slater, CFA -
Pages:
5 -
ITM has released its full year results to the end of April 2024. As guided, these report a year of revenue progress and reduced cash burn. Going forward, the company retains a large cash pile for continuing to develop its electrolyser business, with the recent 100MW contract win from Shell representing important progress here.