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SHARC INTL SYS INC - INTWF STOCK NEWS

Welcome to our dedicated news page for SHARC INTL SYS (Ticker: INTWF), a resource for investors and traders seeking the latest updates and insights on SHARC INTL SYS.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SHARC INTL SYS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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SHARC Energy announced its 2023 year-end financial results, with a Sales Pipeline of 16.9M and Sales Order Backlog of $3.1M, showing significant growth. The company reported revenues of $1.6M for YE 2023, with an improved gross margin of 43%. Despite challenges like fluctuating interest rates, SHARC Energy remains optimistic about future revenue growth.

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-9.03%
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SHARC International Systems Inc. experiences a significant acceleration in pipeline conversion, leading to a 120% increase in Sales Order Backlog, equating to an additional $1.8 million CDN. The Company's innovative PIRANHA and SHARC WET systems are gaining momentum with new projects in submittals, showcasing growth in various sectors like universities, water utilities, and correctional facilities. International sales interest is also on the rise, indicating promising opportunities for SHARC Energy.
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SHARC International Systems Inc. announces a purchase order for four PIRANHA T15 Wastewater Energy Transfer (WET) systems to be installed in a 26-story mixed-use development in downtown Berkeley, California. This marks the largest single PIRANHA installation in the Company’s history and the first SHARC Energy installation in California. The project aims for LEED Gold certification, leveraging the PIRANHA WET system's capability to efficiently extract thermal energy from wastewater. The system demonstrates exceptional performance, generating four dollars' worth of output for every dollar of energy used. The installation not only reduces greenhouse gas emissions but also provides operational cost savings. SHARC Energy's President and CEO, Lynn Mueller, expresses satisfaction in supporting sustainable development through this installation, while CHC Hydro's Division Business Development Manager, David Anderson, highlights the efficiency of the PIRANHA and the bright future of WET on the West Coast.
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SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) announces filing of financial results for the nine months ended September 30, 2023, with highlights including a 6% growth in sales pipeline and a 38% reduction in sales order backlog, along with a 567% increase in Q3 2023 revenue compared to Q3 2022.
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SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) announces the successful completion of testing for its PIRANHA Wastewater Energy Transfer system, obtaining the ETL listed mark indicating compliance with North American standards. This certification is expected to facilitate market penetration in North America, boost customer confidence, and increase demand for the product, positioning SHARC Energy as a leader in the industry.
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SHARC Energy collaborates with King County and Alexandria Real Estate Equities to unveil a sewer heat recovery system in Seattle
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SHARC Energy appoints Dermot Sweeny, President and Founder of Sweeny&Co Architects Inc., to its Board of Directors. Sweeny's expertise in sustainable architectural design aligns with SHARC Energy's mission. His appointment highlights the company's commitment to sustainability and creating value for shareholders.
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SHARC Energy welcomes sustainable architect Peter Busby to its board of directors, leveraging his expertise to engage with architects worldwide and drive lead generation for its products.
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6.25%
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SHARC Energy receives purchase order for SHARC WET system for Whitney Young Manor recapitalization project in New York
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SHARC Energy files financial results for Q2 2023, reports minor growth in sales pipeline and 20% increase in sales order backlog. Becomes debt-free after converting $3.95M of convertible debt. Revenue increased 173% over Q2 2022. Gross margin for YTD 2023 was 44.5% compared to 29.9% for YTD 2022. Appoints Michael Albertson as SHARC US President. Commences work on False Creek NEU Expansion project. Forms $200M strategic partnership with Subterra Renewables. Receives purchase order for $1.2B development in Brooklyn. Installs PIRANHA system in Snowmass Base Village and Ottawa. Raises $3.98M through security exercises. Positive outlook for WET industry due to supportive regulations and funding.
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SHARC INTL SYS INC

OTC:INTWF

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26.05M
135.66M
13.63%
Hydroelectric Power Generation
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United States of America
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