BluMetric Shows Optimism Despite Revenue Dip
Company Announcements

BluMetric Shows Optimism Despite Revenue Dip

BluMetric Environmental (TSE:BLM) has released an update.

BluMetric Environmental Inc. reports a slight decrease in revenue to $7.1 million in Q2 2024 but sees an increase in gross margin to 43% and maintains stable EBITDA and net earnings. The company highlights a strong project backlog and is optimistic about future growth, driven by investments in cleantech manufacturing, a new division, and potential benefits from increased military spending and interest in water solutions for remote areas.

For further insights into TSE:BLM stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskBluMetric Expands Reach with Gemini Water Acquisition
TipRanks Canadian Auto-Generated NewsdeskBluMetric Secures Water System Contract for First Nations
TipRanks Canadian Auto-Generated NewsdeskBluMetric Reports Solid Growth and Cleantech Focus
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App