Vast Renewables H1 2025 Revenue $6.6M, Consisting Of Grant Revenue

Benzinga
01 Mar

Financial Metrics for Six Months Ended December 31, 2024

  • Total revenue of $6.6 million, consisting of grant revenue
  • Available cash and equivalents of $6.9 million
  • Net loss of $5.7 million primarily attributable to the business engaging more engineers and project consultants to deliver studies and basic design of "VS1" (a 30 MW / 288 MWh reference CSP plant located in Port Augusta, South Australia)
  • Total diluted common shares outstanding as of December 31, 2024 of 29,973,504

Vast Renewables Limited ("Vast" or the "Company") (NASDAQ:VSTE), a renewable energy company specializing in concentrated solar thermal power ("CSP") energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, today announced operational and financial results for the first half of the Company's fiscal 2025, comprising the six months ended December 31, 2024.

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