BQE Water Inc. (BTQNF)

BQE Water Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	17.18	18.14	12.16	7.51	7.7
Revenue Growth (YoY)	-5.29%	49.18%	61.86%	-2.40%	36.46%
Cost of Revenue	8.77	9.07	7.11	3.95	4.36
Gross Profit	8.41	9.06	5.05	3.56	3.33
Selling, General & Admin	6.3	5.38	4.23	3.2	2.66
Operating Expenses	7.77	6.75	5.17	3.67	3.2
Operating Income	0.64	2.31	-0.12	-0.1	0.14
Interest Expense	-	-0.15	-0.03	-0.03	-0.02
Interest & Investment Income	-	0.36	0.05	0.01	0
Earnings From Equity Investments	2.47	0.42	1.49	2.8	1.14
Currency Exchange Gain (Loss)	-	-0.14	0.05	-0.02	-0.05
Other Non Operating Income (Expenses)	0.42	0.05	-0	0.11	0.06
EBT Excluding Unusual Items	3.53	2.84	1.44	2.76	1.27
Other Unusual Items	-	-	0.03	-	-
Pretax Income	3.53	2.84	1.47	2.76	1.27
Income Tax Expense	-1.28	0.19	0.31	0.13	0.1
Net Income	4.81	2.65	1.16	2.63	1.17
Net Income to Common	4.81	2.65	1.16	2.63	1.17
Net Income Growth	81.14%	128.37%	-55.82%	125.29%	383.93%
Shares Outstanding (Basic)	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1
Shares Change (YoY)	0.53%	0.86%	1.33%	1.18%	1.62%
EPS (Basic)	3.78	2.12	0.93	2.13	0.96
EPS (Diluted)	3.75	2.08	0.92	2.11	0.95
EPS Growth	80.29%	126.09%	-56.40%	122.10%	376.10%
Free Cash Flow	-	0.69	-0.45	-0.29	0.13
Free Cash Flow Per Share	-	0.54	-0.35	-0.24	0.10
Gross Margin	48.95%	49.96%	41.54%	47.43%	43.31%
Operating Margin	3.70%	12.74%	-0.95%	-1.40%	1.80%
Profit Margin	27.98%	14.63%	9.56%	35.01%	15.17%
Free Cash Flow Margin	-	3.80%	-3.66%	-3.92%	1.63%
EBITDA	0.79	2.43	0	-0.05	0.18
EBITDA Margin	4.63%	13.42%	0.01%	-0.67%	2.33%
D&A For EBITDA	0.16	0.12	0.12	0.05	0.04
EBIT	0.64	2.31	-0.12	-0.1	0.14
EBIT Margin	3.70%	12.74%	-0.95%	-1.40%	1.80%
Effective Tax Rate	-	6.72%	21.02%	4.72%	8.07%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.