EarningsProportional revenue came in at $10.2M, exceeding the estimate of $8.6M, and Adj. EBITDA showed a 67% YoY increase, translating to a record 45% margin.
Financial PerformanceBQE posted excellent Q3 financials that beat expectations across the board as operations services continued its growth trajectory and the technical services and China JV segments reverted to historical levels.
Growth PotentialThere are three company maker projects in BQE's pipeline, each with a realistic chance of proceeding to implementation within the next 2 to 5 years, potentially generating significant annual recurring revenue.