Clear Blue Technologies International, Inc. (TSE:CBLU) has released an update.
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Clear Blue Technologies International Inc. has reported a significant year-over-year growth with a 278% increase in trailing four-quarter revenue, reaching $6.2 million, and a 21% hike in recurring revenue to approximately $800K. Despite a one-time solar panel anti-dumping charge that affected Q2’s gross margin, the company is showing strong financial momentum with a marked improvement in its non-IFRS Adjusted EBITDA.
For further insights into TSE:CBLU stock, check out TipRanks’ Stock Analysis page.