Canada · Delayed Price · Currency is CAD BluMetric Environmental Earnings Call Transcripts
Fiscal Year 2026
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A 50-year leader in decentralized water solutions, the company is experiencing rapid growth through strategic acquisitions, recurring revenue focus, and expansion across North America and the Caribbean. Strong financials, innovative technologies, and robust military and commercial demand drive its positive outlook.
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Q2 revenue rose 15% year-over-year to CAD 18.3 million, driven by the DS Consultants acquisition, while gross margin improved to 31%. Despite a net loss of CAD 1.1 million and negative Adjusted EBITDA, management expects Q3 and Q4 to be the strongest quarters, with all segments showing high utilization and profitability anticipated.
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Record Q1 revenue rose 45% year-over-year, driven by DS Consultants acquisition and military contracts. Gross margin declined to 28% due to higher costs, with adjusted EBITDA at CAD 0.9 million. Management targets CAD 100 million revenue and 10% EBITDA as integration and expansion continue.
Fiscal Year 2025
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A leading water technology and environmental engineering firm reported strong revenue growth, driven by strategic acquisitions, innovation in modular water systems, and expansion of recurring revenue streams. The company targets CAD 100 million in revenue, leveraging global sustainability and military demand.
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Q3 2025 revenue surged 84% year-over-year, driven by WaterTech USA growth and military contracts, though gross margin declined due to sales mix. Professional services faced lower utilization but rebounded by quarter-end, and management expects improved EBITDA margins and continued growth in Q4.
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Q2 2025 revenue more than doubled year-over-year, driven by WaterTech USA, while professional services lagged due to government delays. Gross margin fell to 27% from 43%, but EBITDA improved. Management expects margin recovery and strong recurring revenue from O&M contracts in the second half.
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A leading water technology and services firm reported strong financials, rapid growth from its Gemini Water acquisition, and a focus on military and recurring revenue opportunities. Strategic expansion in the U.S. and Caribbean, selective M&A, and a target of 10% EBITDA margin underpin its growth outlook.
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Revenue surged to CAD 14 million, driven by Gemini's full-quarter contribution and accelerated hardware deliveries, though gross margin declined due to a hardware-heavy mix. EBITDA and net earnings improved, and a successful equity raise strengthened the cash position.
Fiscal Year 2024
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Fiscal 2024 saw stable revenue, improved gross margin, and positive cash flow, with the Gemini Water acquisition expanding U.S. and Caribbean reach. A record order backlog and strong demand for water tech position the company for significant growth in 2025.
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Q3 2024 saw a 17% revenue increase and a return to profitability, with gross margin rising to 44%. Cleantech investments and major contracts, including Rheinmetall and First Nations, position the company for strong growth in 2025.