Bqe Water Inc. (TSE:BQE) has released an update.
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BQE Water Inc. has reported a strong financial outcome for 2023, achieving a record $22.7 million in Proportional Revenues—a 20% increase from the previous year—and a remarkable 128% rise in net income to $2.6 million. This growth was facilitated by expanding operations in the Yukon and Southwest America, boosting operational services revenue by $4.1 million and increasing technical services revenue by 23%. The company also saw a significant 52% increase in Adjusted EBITDA to $4.6 million, indicating a solid position for future growth.
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