Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
BluMetric Environmental (TSE:BLM)
:BLM
Holding TSE:BLM?
Track your performance easily
Earnings Data
Report Date
Jan 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 02, 2020
|% Change Since: 125.00%
|Next Earnings Date:Mar 02, 2020
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with improvements in gross margins, a record backlog, and stable revenue indicating strong operational resilience. Despite some challenges in the military market and increased operating expenses, the company is well-positioned with a strong financial base and growth in other sectors like mining.Company Guidance
During the BluMetric Environmental Inc. Q4 2023 earnings call, the executives shared various key metrics and insights. The company reported stable revenues for the fiscal year at $35.1 million, with the fourth quarter's revenues at $10.3 million, up from $9.9 million in the same period the previous year. A notable improvement was seen in the gross margin, which increased to 26% in Q4 from 18% in Q4 2022, attributed to project mix and delayed revenue recognition. EBITDA for the fiscal year was $1.7 million, with a significant Q4 increase to $1.1 million, compared to $0.3 million the previous year. The net income for the fiscal year was $0.5 million, with an increase in Q4 to $0.7 million. The company maintained a net cash balance of $2.2 million as of September 30, 2023, and a strong working capital position of $11.1 million. BluMetric also highlighted a record backlog, which positions them for modest revenue growth in 2024, and emphasized their continued focus on expanding their agile water systems both domestically and internationally.Record Backlog and Revenue Stability
BluMetric achieved a record backlog, setting up for modest revenue growth in 2024. Revenues were stable at $35.1 million for the fiscal year, with the fourth-quarter revenue at $10.3 million compared to $9.9 million in the same period of 2022.
Improved Gross Margins
Gross margins improved to 26% in the fourth quarter of fiscal year 2023, up from 18% in the same quarter of the prior year.
Significant Mining Market Growth
The mining market saw a 36% year-over-year revenue growth, driven by an expanding customer base and resumption of work on a large water treatment facility contract.
Strong Financial Position
BluMetric ended the fiscal year with a strong working capital position of $11.1 million, up from $10.9 million, and maintains minimal debt.
Successful Turnaround in Fourth Quarter
The company experienced a turnaround in the fourth quarter with improvements in revenue generation, gross margins, and profitability. EBITDA for the fourth quarter increased to $1.1 million from $0.3 million in the prior year's same quarter.
---
TSE:BLM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
TSE:BLM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 28, 2024 | C$0.48 | C$0.54 | +12.50% |
| May 30, 2024 | C$0.42 | C$0.42 | 0.00% |
| Feb 29, 2024 | C$0.46 | C$0.42 | -8.70% |
| Jan 29, 2024 | C$0.30 | C$0.38 | +26.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does BluMetric Environmental (TSE:BLM) report earnings?
BluMetric Environmental (TSE:BLM) is schdueled to report earning on Jan 24, 2025, TBA Not Confirmed.
What is BluMetric Environmental (TSE:BLM) earnings time?
BluMetric Environmental (TSE:BLM) earnings time is at Jan 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:BLM EPS forecast?
Currently, no data Available
---