Desert Control AS (DSRT) has released its second-quarter report for the period ending on 30 June 2024, showcasing significant growth and progress in various operational areas. The company experienced record installations driven by technological breakthroughs, expanded its project portfolio in the United States, and achieved key milestones in the Middle East through strategic partnerships and regulatory integration.
One of the highlights of the quarter was the sixfold increase in LNC production capacity, resulting in a record number of installations and enhanced agility in project execution. The company also accelerated pilot acquisition rates in the U.S., with several projects moving directly to larger-scale deployments in high-value markets such as golf courses and sports fields. In the Middle East, Desert Control solidified its operational presence in Saudi Arabia and progressed towards regulatory integration in the UAE.
Desert Control also entered into strategic partnerships with industry leaders like Syngenta and academic institutions like the University of Arizona and the University of California to further validate the impact of LNC technology beyond water conservation. Financially, the company reported a significant increase in revenue and improved EBITDA figures, reflecting operational efficiency and enhanced scalability.
Looking ahead, Desert Control aims to capitalize on diverse opportunities in the U.S. and Middle East markets, strengthen regulatory integration, and leverage technological advancements to secure more significant contracts by the end of the year. The company’s solid financial position and healthy margins position it well for long-term value creation for stakeholders.
For more information and to access the full Q2 2024 report, visit Desert Control’s investor webpage. A webcast presentation for the report and company update is scheduled for 20 August 2024 at 10.00 AM Central European Time. Register for the event to learn more about Desert Control’s latest developments and future outlook.
