Welcome to our dedicated page for BluMetric Environmental news (Ticker: $SEPOF), a resource for investors and traders seeking the latest updates and insights on BluMetric Environmental stock.
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BluMetric Environmental announced its Q2 2024 financial results, revealing a decline in revenue to $7.1 million from $7.4 million in Q2 2023.
Gross margin improved to 43% from 37% year-over-year, reflecting better operational efficiency.
EBITDA increased to $0.4 million, while net earnings remained stable at $0.1 million.
Working capital slightly decreased to $11.3 million from $11.5 million.
Net cash stood at $2.4 million, unchanged from the previous year.
The company reported a project backlog of $16.4 million, signaling robust future prospects.
CEO Scott MacFabe highlighted improved margins and a focus on cleantech manufacturing ramp-up and the execution of a record backlog of equipment orders.
Investment in manufacturing, new personnel, and inventory has begun to yield results, with significant contracts secured.
The company is poised for growth, driven by increased military spending and potential acquisitions.
