sur NXT Energy Solutions, Inc. (CVE:SFD)
NXT Energy Solutions Reports Q2 2025 Financial Results
NXT Energy Solutions Inc., based in Calgary, has announced its financial outcomes for the second quarter ending June 30, 2025. The company, known for its proprietary SFD® survey technology, recorded revenues of $14.1 million for the year's first half, showcasing financial transformation through strategic contracts in high-potential regions and geographic diversification.
The CEO, Bruce G. Wilcox, highlighted the conversion of US$5.7 million in convertible debentures to common shares during Q2 2025, following a 178% surge in share price. Despite a noted net income of $0.7 million year-to-date, adjustments led to a $6.98 million loss in Q2 2025. General and administrative expenses saw an increase, correlating with a strategic push towards shareholder value.
Operationally, NXT executed its second African SFD® survey contract and completed data acquisition in Southeast Asia. The company is actively securing contracts into 2026, reflecting its strategic pursuit of diversified revenue streams.
R. H.
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