Hexagon Purus (HPURF), on Thursday, reported a narrower loss for the third quarter reflecting strong revenue growth largely driven by hydrogen infrastructure and hydrogen mobility solutions.
The company's Q3 loss narrowed to NOK 149 million from the previous year's loss of NOK 197 million.
Loss before tax was NOK 151 million compared to a loss of NOK 199 million incurred in the prior year period.
Revenue for the quarter surged 43% to NOK 544 million from NOK 380 million generated a year ago.
Cash and cash equivalents stood at NOK 269 million at the end of the third quarter of 2024.
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