Biorem Inc (TSE:BRM) has released an update.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Biorem Inc. has reported a robust start to 2024 with a significant 87% revenue increase in the first quarter compared to the same period in 2023, along with a substantial growth in gross profit and a historical order backlog of $52.0 million. The company’s positive financial trajectory is attributed to strong sales, including a new dry scrubber product line, and strategic investments in manufacturing equipment to boost production capacity. Biorem’s cash and working capital positions have also seen a notable rise, promising continued growth and profitability.
For further insights into TSE:BRM stock, check out TipRanks’ Stock Analysis page.