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Greenhy2's Loss Per Share Reduction: A Step Towards Financial Recovery

Marcus LeeSunday, Mar 2, 2025 5:56 pm ET
1min read

Greenhy2 Limited (ASX:H2G), a provider of renewable energy solutions in Australia, recently reported its full-year earnings for 2024, revealing a reduction in loss per share from AU$0.004 in FY 2023 to AU$0.002 in FY 2024. This improvement in financial health is a positive sign for the company and its shareholders, indicating progress in managing expenses and enhancing operational efficiency.



The company's net loss also decreased from AUD 1.75 million in FY 2023 to AUD 1.16 million in FY 2024, a reduction of 33.92%. This improvement can be attributed to Greenhy2's strategic focus on providing renewable energy solutions and expanding its product offerings, such as the HY2 energy systems and HY2 Connect mobile platform. The company's financial health score of 6/6 in the Snowflake Score further validates the positive trend in its financial health.

However, it is essential to note that Greenhy2's revenue also decreased by 57.87% from AUD 0.214518 million in FY 2023 to AUD 0.090371 million in FY 2024. This decrease in revenue, coupled with the company's small size and lack of profitability, may present challenges for investors. Additionally, Greenhy2's share price has been volatile over the past 3 months compared to the Australian market, which could lead to increased risk for shareholders.



In conclusion, Greenhy2's reduction in loss per share and net loss is a positive step towards financial recovery. However, the company's decrease in revenue and ongoing challenges, such as its small size and lack of profitability, may present obstacles for investors. As Greenhy2 continues to develop and commercialize its renewable energy solutions, it will be crucial for the company to effectively manage its expenses and generate positive returns for shareholders.
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03/03

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therealchengarang
03/03
@Golden Harmon 😂
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03/02

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Mojojojo3030
03/03
@James manson Fair enough
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fluffnstuff1
03/02
Keep an eye on revenue growth, key for $H2G.
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Still_Air2415
03/02
@fluffnstuff1 Do you think $H2G will turn profitable soon?
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yodalr
03/02
Greenhy2's loss reduction is a glimmer of hope.
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Historical_Ebb_7777
03/02
I'm holding a small position in $H2G. Risky play, but potential is there. Diversification is key, not putting eggs in one basket.
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InevitableSwan7
03/02
$H2G cutting losses, but revenue needs a boost. Renewable energy space is crowded, they better innovate fast.
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highchillerdeluxe
03/02
@InevitableSwan7 True, H2G needs more juice.
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TheOSU87
03/03
@InevitableSwan7 Crowded space, sure. But renewables are future.
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krogerCoffee
03/02
Net loss decrease is a good sign, but watch the size.
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josh252
03/02
33.92% net loss decrease is solid progress. SNOWflake Score is cool, but let's see if they can keep momentum.
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mmmoctopie
03/03
@josh252 Solid progress, but can they sustain?
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Frozen_turtle__
03/02
I'm holding $H2G for now, small position, high risk.
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A_Moron_In-Existence
03/02
@Frozen_turtle__ How long you been holding H2G? Curious if you got a target in mind.
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VirtualLife76
03/02
Volatility is the game, $H2G traders need thick skin. 😅
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Jazzlike-Check9040
03/02
Renewable energy focus might save $H2G in the long run.
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Booknerdworm
03/03
@Jazzlike-Check9040 Do you think $H2G has more room to grow?
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big_nate410
03/02
Greenhy2's loss reduction is a win, but revenue dip is a red flag. Watching them like a hawk, might be a diamond in rough.
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Didntlikedefaultname
03/02
@big_nate410 What do you think about their growth potential?
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johnnyko55555
03/02
Greenhy2's loss reduction is a win, but revenue dip is a red flag. Watching them navigate this tightrope.
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user74729582
03/02
Renewable energy game is heating up. Greenhy2 needs to step up revenue or risk getting left behind. 🚀
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Hamlerhead
03/02
Loss per share down, net loss down, but revenue tanked. Greenhy2's got mixed signals. What's next, a rebound or nosedive?
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