BluMetric Environmental Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended September 30, 2016
January 31, 2017 at 01:59 am
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BluMetric Environmental Inc. reported unaudited earnings results for the fourth quarter and year ended September 30, 2016. For the quarter, revenue was $7,258,000 against $9,243,000 a year ago. EBITDA was $134,000 against $717,000 a year ago. Adjusted EBITDA was $188,000 against $702,000 a year ago. Net loss was $87,000 against income of $334,000 a year ago.
For the year, revenue was $31,494,000 against $33,479,000 a year ago. EBITDA was $1,876,000 against $2,554,000 a year ago. Adjusted EBITDA was $1,742,000 against $2,364,000 a year ago. Net income was $588,000 against $1,016,000 a year ago. Income per basic and diluted share was $0.02 against $0.04 a year ago.
BluMetric Environmental Inc. is a Canada-based environmental consulting and water cleantech company. The Company provides end-to-end solutions in environmental geosciences and engineering, industrial hygiene, occupational health and safety, water and wastewater treatment, and environmental contracting and management. Its products include Reverse Osmosis Water Purification Unit (ROWPU), Shipboard Reverse Osmosis Desalination (SROD), Portable Water Purification System (PWPS) and Mobile Wastewater Treatment Plant (MWWTP). It delivers complete environmental engineering solutions to a variety of issues related to contaminated site remediation, water resource management, water and wastewater treatment, and solid waste management. The Company provides environmental solutions for various markets, which include mining, industrial and commercial, government and military. Its clients include land forces, navy, and commercial shipbuilding markets.
BLUMETRIC ENVIRONMENTAL INC. 
