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Tantalus Systems Holding Inc. Reports Strong Financial Results for Q1 2021


Tantalus Systems Holding Inc. Reports Strong Financial Results for Q1 2021
Burnaby, British Columbia (Newsfile Corp. - May 17, 2021) - Smart grid technology leader Tantalus Systems Holding Inc. (TSX: GRID) ( Tantalus or the Company ) today announced the financial results for the first quarter, ended March 31, 2021.
We witnessed favorable trends throughout Q1 as the utility industry continues to recover from disruptions resulting from the COVID-19 pandemic. The favorable trends translated into strong financial results for Q1 including revenue growth of 11% year-over-year and another quarter of positive Adjusted EBITDA, said Peter Londa, President & CEO of Tantalus. While regions across our geographic focus continue to be impacted by the COVID-19 pandemic, we are becoming increasingly optimistic regarding a broad recovery across our sector, particularly given the Biden Administration s commitment to decarbonize the power grid. Biden s robust initiative to modernize th ....

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