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Biorem Inc (TSE:BRM)
:BRM
Canadian Market

Biorem Inc (BRM) AI Stock Analysis

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Biorem Inc

(BRM)

Rating:74Outperform
Price Target:
C$2.50
▲(12.11%Upside)
Biorem Inc's strong financial performance, solid corporate event achievements, and reasonable valuation are the main drivers for its score. Although technical analysis shows neutral momentum, the company's record financial results and strong order backlog provide a positive outlook.

Biorem Inc (BRM) vs. iShares MSCI Canada ETF (EWC)

Biorem Inc Business Overview & Revenue Model

Company DescriptionBioRem Inc., a clean technology engineering company, designs, manufactures, distributes, and sells air pollution control systems that are used to eliminate odors, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs). It offers biofilters for the removal of odors, H2S, VOCs, and HAPs; and biotrickling filters for applications of high levels of H2S or other water-soluble VOCs. The company also provides multi-stage systems to remove odors from various municipal/urban wastewater treatment processes; biogas desulfurization systems; dry scrubber adsorption systems; and cannabis odor control systems. In addition, it offers biological processes and testing services; media sampling and analysis; system review and inspections; and media replacements and spare parts. The company operates in Canada, the United States, China, and internationally. BioRem Inc. was founded in 1990 and is headquartered in Puslinch, Canada.
How the Company Makes MoneyBiorem Inc generates revenue primarily through the sale and installation of its air emissions control systems. The company offers a range of products designed to address specific air quality issues, from small-scale solutions for localized odor control to large, complex systems for industrial applications. Revenue streams include direct sales of equipment, installation services, and ongoing maintenance and support contracts. Additionally, Biorem may engage in partnerships with engineering firms, municipalities, and industrial companies to deliver customized solutions, contributing to its earnings. The company also invests in research and development to innovate and improve its product offerings, ensuring continued demand and market competitiveness.

Biorem Inc Financial Statement Overview

Summary
Biorem Inc has shown remarkable financial improvement with a 48.67% revenue increase, 8.13% net profit margin, and strong cash flow metrics. The balance sheet reflects low leverage with a debt-to-equity ratio of 0.33 and a return on equity of 28.65%.
Income Statement
85
Very Positive
Biorem Inc has demonstrated strong revenue growth with a significant increase of 48.67% in 2024 compared to the previous year. The gross profit margin stands at 26.87%, reflecting efficient cost management. The net profit margin also improved to 8.13%, indicating enhanced profitability. Both EBIT and EBITDA margins show positive trends, at 11.61% and 12.87% respectively, highlighting operational efficiency.
Balance Sheet
78
Positive
The company's debt-to-equity ratio is 0.33, indicating a healthy leverage position. Return on equity has improved to 28.65%, showcasing effective utilization of shareholder funds. The equity ratio is 37.26%, which suggests a stable capital structure with a good portion of assets financed by shareholders' equity.
Cash Flow
80
Positive
Biorem Inc's free cash flow growth rate is robust, reflecting a turnaround from negative to positive free cash flow. The operating cash flow to net income ratio of 1.21 indicates strong cash generation relative to net income, while the free cash flow to net income ratio of 1.09 further confirms solid cash flow health.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue37.42M25.17M28.86M24.48M24.38M
Gross Profit10.06M7.02M8.76M6.24M7.02M
EBITDA4.82M3.45M2.99M2.68M3.07M
Net Income3.04M2.18M1.61M1.30M2.09M
Balance Sheet
Total Assets28.51M24.08M20.73M19.17M21.95M
Cash, Cash Equivalents and Short-Term Investments5.21M2.29M3.78M4.47M8.87M
Total Debt3.56M4.19M4.75M5.67M828.17K
Total Liabilities17.89M17.36M16.21M17.20M8.43M
Stockholders Equity10.63M6.72M4.52M1.96M13.52M
Cash Flow
Free Cash Flow3.31M-62.84K1.24M3.71M2.99M
Operating Cash Flow3.69M490.03K1.44M3.78M3.34M
Investing Cash Flow-372.00K-552.87K-203.29K-75.98K-342.40K
Financing Cash Flow-572.04K-1.33M-951.80K-7.56M-199.74K

Biorem Inc Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2.23
Price Trends
50DMA
2.02
Positive
100DMA
2.23
Positive
200DMA
2.52
Negative
Market Momentum
MACD
0.06
Negative
RSI
56.78
Neutral
STOCH
52.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BRM, the sentiment is Positive. The current price of 2.23 is above the 20-day moving average (MA) of 2.14, above the 50-day MA of 2.02, and below the 200-day MA of 2.52, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 56.78 is Neutral, neither overbought nor oversold. The STOCH value of 52.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BRM.

Biorem Inc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSBRM
74
Outperform
C$35.95M12.8730.34%29.80%-11.58%
TSTMG
69
Neutral
C$24.24M155.564.63%14.78%-90.82%
63
Neutral
HK$30.48B8.225.37%5.29%-3.09%4.51%
TSGRN
60
Neutral
C$14.91M-6.67%-32.69%94.36%
TSQST
50
Neutral
C$11.29M-9.94%1.06%56.94%
47
Neutral
C$4.79M-143.77%-49.88%-266.67%
45
Neutral
C$16.29M-539.37%46.73%6.56%
* Utilities Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:BRM
Biorem Inc
2.37
0.35
17.33%
TSE:WATR
Current Water Technologies Inc
0.02
>-0.01
-33.33%
TSE:SHRC
Sharc International Systems Inc
0.10
-0.08
-44.44%
TSE:QST
Questor Technology
0.41
-0.17
-29.31%
TSE:TMG
Thermal Energy International
0.14
-0.08
-36.36%
TSE:GRN
Greenlane Renewables Inc
0.09
0.00
0.00%

Biorem Inc Corporate Events

Business Operations and StrategyFinancial Disclosures
BIOREM Inc. Reports Record Order Backlog Amidst Revenue Decline
Neutral
May 28, 2025

BIOREM Inc. reported its first-quarter financial results for 2025, highlighting a record order backlog of $68 million, despite a decrease in quarterly revenue to $4.7 million due to seasonal construction delays and logistical challenges. The company secured 23 new projects, including a significant $5.8 million project in the Middle East, and is focusing on organic growth initiatives and expanding its service offerings, such as on-demand odor control rental units. The company’s cash position improved to $9.6 million, and it invested in manufacturing equipment to increase production capacity, indicating a strategic focus on supporting international clients and enhancing its market position.

Business Operations and StrategyFinancial Disclosures
Biorem Inc. Achieves Record Financial Performance in 2024
Positive
Apr 16, 2025

Biorem Inc. reported record revenues and earnings for the fiscal year 2024, with a 49% increase in revenue to $37.4 million and a 36% rise in net earnings to $3.0 million compared to 2023. The company also achieved a record order backlog of $56.1 million, reflecting strong business development efforts and investments in manufacturing processes that enhanced production capacity and reduced costs. Despite challenges such as geopolitical and tariff pressures anticipated in 2025, Biorem remains confident in its ability to navigate these issues due to its diverse supply chain, American-based manufacturing, and robust financial position.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jun 12, 2025