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BluMetric Environmental ( (TSE:BLM) ) has provided an update.
BluMetric Environmental Inc. reported stable revenues of $34.8 million for fiscal year 2024, with a slight decline from the previous year. The acquisition of Gemini Water is a strategic move to enhance its WaterTech product portfolio and expand into new markets such as the U.S. and Caribbean. The acquisition affected BluMetric’s balance sheet, reducing working capital but positioning the company for future growth. Despite a challenging fourth quarter with decreased profitability due to increased overhead and acquisition costs, the company maintained a strong gross margin and consistent annual revenue, underscoring the stability of its business model.
More about BluMetric Environmental
BluMetric Environmental Inc. is an engineering WaterTech and full-service environmental consulting firm. The company focuses on water and wastewater systems, providing stability through its recurring environmental consulting services.
YTD Price Performance: 5.49%
Average Trading Volume: 38,481
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$36.92M
For detailed information about BLM stock, go to TipRanks’ Stock Analysis page.