BluMetric Announces Fiscal Year 2023 Results
BluMetric Announces Fiscal Year 2023 Results
Ottawa, Ontario--(Newsfile Corp. - January 29, 2024) - BluMetric Environmental Inc. (TSXV: BLM) ("BluMetric" or "the Company"), a full-service environmental consulting and engineering cleantech firm, announces its financial results for the quarter and fiscal year ended September 30, 2023.
安大略省渥太华--(Newsfile Corp.,2024年1月29日)——提供全方位服务的环境咨询和工程清洁技术公司BluMetric Environmental Inc.(TSXV:BLM)(“BluMetric” 或 “公司”)公布了截至2023年9月30日的季度和财年的财务业绩。
Financial Highlights
财务要闻
- Revenue for the fiscal year was $35.1 million compared to $34.3 million for the fiscal year ended September 30, 2022. Revenue for the fourth quarter of fiscal year 2023 was $10.3 million compared to $9.9 million in the corresponding period of 2022.
- Gross margin for fiscal year 2023 was 22% compared to 22% for fiscal year 2022. Gross margin for the fourth quarter of fiscal year 2023 was 26% compared to 18% over the same quarter in fiscal year 2022.
- EBITDA (see definition below) for the 2023 fiscal year decreased to $1.7 million from $2.2 million in the previous year. EBITDA for the fourth quarter increased to $1.1 million from $0.3 million in the corresponding period of 2022.
- Net earnings for the fiscal year were $0.5 million compared to net earnings of $1.3 million for the fiscal year ended September 30, 2022. Net earnings for the fourth quarter increased to $0.7 million from $0.2 million in the corresponding period of 2022.
- Working capital (see definition below) as at September 30, 2023 was $11.1 million, compared to $10.9 million as at September 30, 2022.
- Net cash (see definition below) as at September 30, 2023 was $3.0 million, compared to $4.9 million at September 30, 2022.
- 收入 该财年为3510万美元,而截至2022年9月30日的财年为3,430万美元。2023财年第四季度的收入为1,030万美元,而2022年同期为990万美元。
- 毛利率 2023财年为22%,而2022财年为22%。2023财年第四季度的毛利率为26%,而2022财年同期的毛利率为18%。
- 税前利润 (见下文定义)2023财年的220万美元降至170万美元。第四季度的息税折旧摊销前利润从2022年同期的30万美元增至110万美元。
- 净收益 该财年为50万美元,而截至2022年9月30日的财政年度的净收益为130万美元。第四季度的净收益从2022年同期的20万美元增至70万美元。
- 营运资金 (见下文定义)截至2023年9月30日为1,110万美元,而截至2022年9月30日为1,090万美元。
- 净现金 (见下文定义)截至2023年9月30日为300万美元,而截至2022年9月30日为490万美元。
"We are finishing the year with one of our strongest quarters in recent history and a return to positive EBITDA and net earnings," stated Scott MacFabe, CEO at BluMetric Environmental Inc. "We entered FY2024 with a record backlog and our cost control initiatives position us well. In addition, our strong balance sheet enables us to accelerate our cleantech growth plan as we renew key contracts and explore geographical expansion opportunities with new partners."
BluMetric Environmental Inc.首席执行官斯科特·麦克法布表示:“我们在今年年底创下了近代历史上最强劲的季度之一,息税折旧摊销前利润和净收益将恢复正值,我们进入了 FY2024,我们的成本控制举措使我们处于有利地位。此外,我们强劲的资产负债表使我们能够在续订关键合同并与新合作伙伴一起探索地域扩张机会的同时,加快清洁技术增长计划。”
Highlights
亮点
In the fourth quarter, BluMetric, experienced improvements in revenue generation, gross margins, and profitability.
在第四季度,BluMetric在创收、毛利率和盈利能力方面有所改善。
Overall, revenues and gross profits remained consistent for the full fiscal year compared to the year prior. This stability highlighted the resilience of BluMetric's business model which is driven by its reoccurring environmental consulting services and agile water and wastewater systems.
总体而言,与上年相比,整个财年的收入和毛利润保持稳定。这种稳定性凸显了BluMetric商业模式的弹性,这种业务模式是由其反复出现的环境咨询服务和灵活的水和污水处理系统推动的。
In the Company's key markets, Commercial & Industrial and Government full-year revenues remained consistent with the previous year. Military market revenues declined by 13% year over year, primarily due to reduced activity under the shipboard reverse osmosis desalination (SROD) contract, which is awaiting a replacement announcement. The Mining market saw a 36% year over year revenue growth, driven by an expanding customer base and the resumption of work on a large water treatment facility contract at a mine site.
在公司的主要市场中,商业、工业和政府全年收入与上年保持一致。军用市场收入同比下降13%,这主要是由于船上反渗透海水淡化(SROD)合同下的活动减少,该合同正在等待替代公告。矿业市场的收入同比增长了36%,这得益于客户群的扩大以及矿场大型水处理设施合同的恢复。
During the year, BluMetric entered a $12.2 million contract with Rheinmetall Canada which is scheduled for delivery throughout fiscal 2025.
在这一年中,BluMetric与加拿大莱茵金属公司签订了一份价值1,220万美元的合同,该合同计划在整个2025财年交付。
Business Outlook
商业展望
Management is committed to sustainable profitability while simultaneously investing in future growth and resiliency. In fiscal year 2023, the Company completed 1,151 projects, compared to 993 projects in fiscal year 2022. No single customer contributed more than 10% of total revenues, compared to one (16%) in 2022, showcasing the Company's diversification efforts.
管理层致力于实现可持续的盈利能力,同时投资于未来的增长和弹性。在2023财年,公司完成了1,151个项目,而2022财年为993个项目。没有一个客户的贡献超过总收入的10%,而2022年只有一个客户(16%),这表明了公司的多元化努力。
Despite facing a decline in revenue, the Military market maintains the most substantial sales pipeline in terms of order value, due to the scale and nature of its contracts. These contracts are typically in the multimillions and span multiple years, like the previously announced Rheinmetall Canada partnership. BluMetric is optimistic that the combination of its unique water technologies and a growing need for resilient water solutions will contribute to wider adoption.
尽管面临收入下降,但由于合同的规模和性质,就订单价值而言,军事市场仍然是最可观的销售渠道。这些合同通常金额为数百万美元,跨度多年,就像之前宣布的加拿大莱茵金属合作伙伴关系一样。BluMetric 乐观地认为,其独特的水技术与对弹性水解决方案不断增长的需求相结合,将有助于更广泛的采用。
Part of the Military market growth strategy involves exploring broader market opportunities with partners who can integrate the Company's Mission Ready Water technologies into a full-service solution throughout North America and globally with other allied nations.
军用市场增长战略的一部分包括与合作伙伴一起探索更广泛的市场机会,这些合作伙伴可以将公司的Mission Ready Water技术整合到整个北美和全球与其他盟国的全方位服务解决方案中。
The Company is exploring potential acquisitions in technology or consulting that align with and enhance its current sales, operations, and product portfolios.
该公司正在探索技术或咨询领域的潜在收购,以符合并增强其当前的销售、运营和产品组合。
BluMetric is well positioned to capitalize on future growth opportunities. It has strong working capital and a robust balance sheet, combined with a recognizable presence in environmental consulting services and clean water technologies.
BluMetric 完全有能力利用未来的增长机会。它拥有强大的营运资金和稳健的资产负债表,并在环境咨询服务和清洁水技术领域占有知名度。
Financial Table
财务表
Three Months Ended September 30, 2023 |
Three Months Ended September 30, 2022 |
Twelve Months Ended September 30, 2023 |
Twelve Months Ended September 30, 2022 |
|
($000) | ($000) | ($000) | ($000) | |
Revenue | 10,251 | 9,935 | 35,084 | 34,319 |
Gross profit | 2,680 | 1,756 | 7,587 | 7,561 |
Gross margin | 26% | 18% | 22% | 22% |
Operating expenses | 1,739 | 1,602 | 6,574 | 5,834 |
Operating profit (loss) | 941 | 155 | 1,012 | 1,727 |
Finance costs | 13 | 13 | 69 | 99 |
Earnings (loss) before provision for income tax | 929 | 240 | 943 | 1628 |
Income tax expense (recovery) | 228 | (47) | 436 | 305 |
Net earnings (loss) | 700 | 189 | 507 | 1,323 |
Earnings (loss) per share – basic | 0.02 | 0.01 | 0.02 | 0.05 |
Earnings (loss) per share – diluted | 0.02 | 0.01 | 0.02 | 0.04 |
EBITDA1 | 1,123 | 289 | 1,686 | 2,243 |
Free cash flow2 | 536 | 1,538 | ||
Working capital3 | 11,101 | 10,912 | ||
Net cash (debt)4 | 2,216 | 3,590 |
三个月 已结束 9月30日 2023 |
三个月 已结束 9月30日 2022 |
十二个月 已结束 9月30日 2023 |
十二个月 已结束 9月30日 2022 |
|
(000 美元) | (000 美元) | (000 美元) | (000 美元) | |
收入 | 10,251 | 9,935 | 35,084 | 34,319 |
毛利 | 2,680 | 1,756 | 7,587 | 7,561 |
毛利率 | 26% | 18% | 22% | 22% |
运营费用 | 1,739 | 1,602 | 6,574 | 5,834 |
营业利润(亏损) | 941 | 155 | 1,012 | 1,727 |
财务成本 | 13 | 13 | 69 | 99 |
所得税准备金前的收益(亏损) | 929 | 240 | 943 | 1628 |
所得税支出(回收) | 228 | (47) | 436 | 305 |
净收益(亏损) | 700 | 189 | 507 | 1,323 |
每股收益(亏损)——基本 | 0.02 | 0.01 | 0.02 | 0.05 |
每股收益(亏损)——摊薄 | 0.02 | 0.01 | 0.02 | 0.04 |
EBITDA1 | 1,123 | 289 | 1,686 | 2,243 |
自由现金流2 | 536 | 1,538 | ||
营运资金3 | 11,101 | 10,912 | ||
净现金(债务)4 | 2,216 | 3,590 |
Note 1: EBITDA represents net income before interest expense, income taxes, depreciation of property and equipment, and amortization of intangible assets. The Company uses this measure as part of assessing operating performance. There is no direct comparable IFRS measure for EBITDA.
注1:息税折旧摊销前利润是指扣除利息支出、所得税、财产和设备折旧以及无形资产摊销前的净收益。公司使用该衡量标准作为评估经营业绩的一部分。没有直接可比的《国际财务报告准则》衡量息税折旧摊销前利润的指标。
Note 2: Free cash flow is a non-IFRS measure and is calculated as operating cash flows less net capital expenditures and net payment of lease obligations.
注2:自由现金流是非国际财务报告准则的衡量标准,计算方法是运营现金流减去净资本支出和租赁债务的净付款。
Note 3: Working capital is a non-IFRS measure and is calculated by subtracting current liabilities from current assets. There is no directly comparable measure under IFRS.
注3:营运资金是非国际财务报告准则衡量标准,通过从流动资产中减去流动负债来计算。根据国际财务报告准则,没有直接可比的衡量标准。
Note 4: Net cash (debt) is a non-IFRS measure and is calculated as cash less total funded debt excluding lease liabilities. The Company uses this measure as part of assessing liquidity. There is no directly comparable measure under IFRS.
注4:净现金(债务)是非国际财务报告准则衡量标准,计算方法是现金减去不包括租赁负债的融资债务总额。公司使用该衡量标准作为评估流动性的一部分。根据国际财务报告准则,没有直接可比的衡量标准。
The full results are available at sedarplus.ca.
完整结果可在sedarplus.ca上查阅。
BluMetric to Host Investor Conference Call
BluMetric 将举办投资者电话会议
BluMetric will host a conference call today on Monday, January 29, 2024, at 1:00 PM ET (10:00 AM PT) to discuss the results. To join the conference call without operator assistance, it's important to register and enter your phone number at at least 30 minutes before the call's start time or later to receive an instant automated callback.
BluMetric 将于今天主持电话会议 美国东部时间 2024 年 1 月 29 日星期一下午 1:00(太平洋时间上午 10:00) 讨论结果。要在没有接线员协助的情况下加入电话会议,请务必在通话开始前至少 30 分钟或之后注册并输入您的电话号码,以接收即时自动回叫。
You can also dial directly to be entered into the call by an Operator. Please dial 1-888-664-6392 (Toll-Free North America) and enter confirmation number 80595566.
您也可以直接拨号,让接线员进入通话。请拨打 1-888-664-6392 (北美免费电话),然后输入 确认号码 80595566。
About BluMetric Environmental Inc.
关于 BluMetric 环境公司
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. BluMetric has more than 180 employees operating in ten offices and over 40 years of expertise. Headquartered in Ottawa, Ontario, BluMetric's team of industry experts serves Commercial and Industrial, Military, Mining and Government clients.
BluMetric Environmental Inc. 是一家上市的环境咨询和工程公司,拥有跨专业和贸易学科和技术的专业知识,可以设计、制造和交付应对环境和水资源挑战的可持续解决方案。BluMetric 拥有 180 多名员工,分布在十个办事处,拥有 40 多年的专业经验。BluMetric 的行业专家团队总部位于安大略省渥太华,为商业和工业、军事、矿业和政府客户提供服务。
For more information, visit or please contact:
欲了解更多信息,请访问或联系:
Scott MacFabe, CEO
BluMetric Environmental Inc.
Tel: 1-877-487-8436
Email: smacfabe@blumetric.ca
首席执行官 Scott MacFabe
BluMetric 环境公司
电话:1-877-487-8436
电子邮件:smacfabe@blumetric.ca
Dan Hilton, CFO
BluMetric Environmental Inc.
Tel: 1-877-487-8436
Email: dhilton@blumetric.ca
首席财务官丹·希尔顿
BluMetric 环境公司
电话:1-877-487-8436
电子邮件:dhilton@blumetric.ca
Brandon Chow, Principal & Founder
Otis Investor Relations Inc.
Tel: 1-647-598-8815
Email: brandon@otisir.com
创始人兼创始人 Brandon Chow
奥的斯投资者关系公司
电话:1-647-598-8815
电子邮件:brandon@otisir.com
Forward-Looking Statements
前瞻性陈述
Some of the statements in this press release, including those relating to the Company's quarterly and annual results, future products, opportunities and cost initiatives, strategies, and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, are forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates, and projections regarding future events. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR at . The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
本新闻稿中的一些声明,包括与公司的季度和年度业绩、未来产品、机会和成本举措、策略有关的声明,以及其他本质上具有预测性、取决于或提及未来事件或条件的声明,或者包含 “期望”、“预期”、“打算”、“计划”、“相信”、“估计” 或类似表达方式等词语的陈述,均为适用所指的前瞻性陈述加拿大证券法。前瞻性陈述包括但不限于有关公司未来可能或假设的经营业绩的信息。这些陈述不是历史事实,而是仅代表公司对未来事件的预期、估计和预测。就其性质而言,前瞻性陈述要求我们做出假设,并且存在固有的风险和不确定性。我们提醒本新闻稿的读者不要过分依赖我们的前瞻性陈述,因为许多因素可能会导致实际业绩或条件与当前的预期存在重大差异。请参阅公司最新的年度MD&A和公司持续披露文件中规定的风险,这些文件可在SEDAR上找到。除非法律要求,否则公司不打算也没有义务更新或修改任何前瞻性陈述,无论是由于新信息、未来事件还是其他原因。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多伦多证券交易所风险投资交易所及其监管服务提供商(该术语在多伦多证券交易所风险投资交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
To view the source version of this press release, please visit
要查看本新闻稿的源版本,请访问