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Dalrada Reports 54.3% Revenue Growth, Secures Climate Tech Contracts

Published 20/10/2023, 10:16
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DFCO
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Dalrada Financial Corporation (OTCQB: DFCO) reported a substantial 54.3% year-over-year revenue growth in its fiscal 2023 annual 10-K filing, which was published on Friday. The company's total revenue reached $29.7 million, marking an increase of approximately $10 million from the previous fiscal year. The financial upswing has led the firm into positive net equity, enabling the acceleration of numerous global projects.

The company's CEO, Brian Bonar, has underscored Dalrada's strategic efforts to streamline operations and enhance shareholder value. The robust financial performance has been largely driven by the company's innovative products and services that optimize energy resources, reduce environmental impact, and cut energy costs.

On the same day as the 10-K filing, Dalrada announced it had secured contracts from Crown Glory Holding and JBS Consulting for the deployment of their groundbreaking supercritical CO2 technology in commercial and industrial heating and cooling applications. These contracts encompass a total of 6,800 heat pumps and are projected to generate revenues surpassing $500 million.

The contracts have been obtained for Dalrada's advanced climate technology solutions in Morocco and France. Bonar's strategic partnerships with officials and business leaders in Morocco, France, and Spain have played a crucial role in promoting Dalrada's climate technology on a global scale.

Dalrada Corporation is a frontrunner in the global climate technology and clean energy sector. Its focus on innovative solutions that optimize energy resources while reducing environmental impact positions the company at the forefront of the industry, further bolstering its revenue and operating income.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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