SciDev Ltd provide an update for the quarter ended 31 December 2022

SciDev Ltd (ASX: SDV) provide an update on its financial and operational performance for the quarter ended 31 December 2022:

• During 2QFY23, the company has reported its total revenue of AU$23.9 million, up 74% compared to the previous corresponding period (PCP), and reported its cash receipts of AU$25.1 million, up 157% compared to PCP.
• Cash flow from operations was reported at AU$2.3 million, and unaudited underlying EBITDA of AU$0.9 million.
• During 2QFY23, it has continued to increase its customer footprint in Energy Services comprising an increased number of specialty chemistry product sales per well.
• It has entered into a contract with Cleanaway, with a minimum contract value of AU$2.15 million, to deploy a Build Own Operate (BOO) water treatment plant (WTP) to treat PFAS-impacted leachate.

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