BluMetric Environmental, Inc. (BLMWF) research, news, and more from GeoInvesting

Company description

Thu, 27 Feb 2025 12:28:02 GMT

BluMetric Environmental Inc. provides sustainable solutions for environmental issues in Canada and internationally. The company offers consulting services and water treatment systems services in the fields of environmental geosciences and engineering, industrial hygiene, occupational health and safety, renewable energy, water and wastewater treatment, and environmental contracting and management. It also provides environmental site assessment and remediation services, environmental engineering solutions, occupational hygiene and safety, geomatics, and watertech production, operations and maintenance services. In addition, the company offers shipboard reverse osmosis desalinator systems; reverse osmosis water purification units; shipboard oily water separator; sub-unit water purification system; portable water purification systems; and mobile wastewater treatment plants. It serves commercial and industrial customers, military clients, mining, and governments. BluMetric Environmental Inc. was founded in 1976 and is headquartered in Ottawa, Canada.

Research

Mon, 05 May 2025 16:24:43 GMT

BluMetric Environmental Inc. (OTC:BLMWF)(TSXV:BLM.V) ($0.90; $33.4M market cap) announced:

“it has received a notice to proceed for production of its Mission Ready Water systems under the previously announced Rheinmetall Canada contract for the Canadian Armed Forces.

In accordance with the contract, which is now valued at $12.2 million, BluMetric will produce a total of 26 self-contained water treatment units, their associated miscellaneous equipment units, and a portion of cold weather ancillary packages. Production will be at the Company's Carp, Ontario facility and is expected to be delivered within the next 18 months.”

BluMetric Environmental Inc. is a publicly traded environmental consulting and engineering company with expertise across professional and trade disciplines and technologies that allow for the design, fabrication and delivery of sustainable solutions to environmental and water challenges.

Research

Thu, 27 Feb 2025 15:30:25 GMT

BluMetric Environmental Inc. (OTC:BLMWF)(TSXV:BLM.V) ($0.65; $24.1M market cap) announced Q1 2025 results:

Sales of $14.0 million vs $8.5 million in the prior year
EPS of $0.01 vs $0.01 in the prior year

"We had a record start to the fiscal year, thanks in part to a full quarter of revenue contribution from Gemini who continues to deliver strong results," said Scott MacFabe, CEO of BluMetric Environmental Inc. "Our goal is to carry this momentum throughout the balance of the fiscal year. The continued integration and expansion of our WaterTech team coupled with improvements to business development efforts for Professional Services is expected to help fuel our success for the balance of the year."

“This quarter saw a significant increase in revenues and profitability due to the full quarter of revenue contributions from Gemini with limited increases in total overhead. Furthermore, Gemini accelerated revenue recognitions for the quarter to help mitigate the potential impact of political and trade uncertainties in its supply chain through faster-than-expected hardware deliveries on key projects. The overall financial performance showcases management's continued commitment to executing its growth strategy while sustaining a level of profitability and cash generation.”

BLMWF will be one of the companies presenting at the MS Microcaps virtual conference next week.

The company offers consulting services and water treatment systems services in the fields of environmental geosciences and engineering, industrial hygiene, occupational health and safety, renewable energy, water and wastewater treatment, and environmental contracting and management.