In the Q3, Verde Resources Inc 's corporate clients experienced a no change by 0 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -28.21 %. During the corresponding time, Verde Resources Inc recorded a revenue increase by 65897.85 % year on year, sequentially revenue grew by 9731.27 %. While revenue at the Verde Resources Inc 's corporate clients recorded rose by 0.54 % year on year, sequentially revenue fell by -22.65 %.
Customers of Verde Resources Inc saw their costs of revenue no change by 0 % in Q3 compare to a year ago, sequentially costs of revenue were trimmed by -28.21 %, for the same period Verde Resources Inc recorded revenue increase by 65897.85 % year on year, sequentially revenue grew by 9731.27 %.
Verde Resources Inc's Comment on Sales, Marketing and Customers
The company operates in over 90 countries, serving customers and partners globally. A significant customer, Ergon, has a fifteen-month go-to-market agreement for the purchase of Verde V24, which includes provisions for negotiating minimum purchase amounts starting in 2027. Under this agreement, Ergon receives 40% of the company's share of carbon removal credits generated from BioAsphalt™ surface material mixing and holds rights to use the company's trademarks and technical services for carbon dioxide sequestration monitoring. The Ergon license term is ten years, with automatic renewals and specific termination conditions.
The company specializes in sustainable infrastructure technologies and plans to scale its North American operations before expanding in Malaysia. Since 2021, it has operated a BioFraction facility in Borneo that converts palm oil waste into biochar and other renewable byproducts through pyrolysis. This facility is set to become fully operational once production and expansion in Malaysia commence. Recently, the facility was dormant to prioritize a U.S.-based proof of concept test track with NCAT but has been maintained for operational capability.
Verde Resources Inc’s Comment on Sales, Marketing and Customers
The company operates in over 90 countries, serving customers and partners globally. A significant customer, Ergon, has a fifteen-month go-to-market agreement for the purchase of Verde V24, which includes provisions for negotiating minimum purchase amounts starting in 2027. Under this agreement, Ergon receives 40% of the company's share of carbon removal credits generated from BioAsphalt™ surface material mixing and holds rights to use the company's trademarks and technical services for carbon dioxide sequestration monitoring. The Ergon license term is ten years, with automatic renewals and specific termination conditions.
The company specializes in sustainable infrastructure technologies and plans to scale its North American operations before expanding in Malaysia. Since 2021, it has operated a BioFraction facility in Borneo that converts palm oil waste into biochar and other renewable byproducts through pyrolysis. This facility is set to become fully operational once production and expansion in Malaysia commence. Recently, the facility was dormant to prioritize a U.S.-based proof of concept test track with NCAT but has been maintained for operational capability.
Sources:
Verde Resources Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Verde Resources Inc’s corporate clients.
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