SusGlobal Revenue Plunges 60% to $32K as Operations Remain Halted
SNRG sits 78% above its 52-week low of $0.013.
Summary
SusGlobal's FY2025 revenue collapsed to $32.34K from $79.89K, a 60% drop, as its Belleville facility remains shut since January 2024 following a storm and regulatory orders. The company posted a $5.69M net loss, improved from $7.86M, but only because costs fell alongside the halted operations. The 10-K confirms a going concern warning, all debt in default, and a $40.4M working capital deficit. In the first quarter of 2026, revenue fell to $0 with a net loss of $1.11 million and EPS of ($0.01). Management says reopening depends on securing funding for repairs and remediation, which could take the rest of the year. With no waste intake and only carbon credit sales generating revenue, the company is effectively dormant and burning cash.
At the time of this announcement, SNRG was trading at $0.02 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $3.3M. The 52-week trading range was $0.01 to $0.08. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.