Ottawa -- 31 August, 2015 – BluMetric Environmental Inc. (TSX-V: BLM), an Ottawa-based cleantech company, announced its unaudited financial results for the third quarter of fiscal 2015 ending June 30, 2015.
“BluMetric’s positive performance in this quarter reflects our commitment to stakeholders to contain and control costs, build sales, and improve efficiencies across the board,” said CEO Roger Woeller. “We are doing what we said we would do and are energized by the results. We will continue to build on this success with a focus on sustained profitability.”
The full results are available at www.sedar.com
Professional Services and Water Systems are being brought together under a single brand and direction, which we anticipate will enhance and support the ongoing effort to grow the business, build margins, contain costs, and develop new process and technology
BluMetric’s improved performance this quarter demonstrates solid progress against our strategic priorities. We will continue to focus on areas where we have differentiation and opportunity.
|Three months ended||Nine Months Ended|
|Jun 30, 2015||Jun 30, 2014||Jun 30, 2015||Jun 30, 2014|
|Cost of Sales||6,664||5,222||18,916||16,893|
|Gross margin %||23%||20%||22%||19%|
|Loss (gain) on disposal of property plant and equipment||-||-||(247)||9|
|Net income (loss)||322||(291)||682||(1 258)|
|Net gain (loss) per share - basic||0.01||(0.01)||0.03||(0.05)|
|Net gain (loss) per share - diluted||0.01||(0.01)||0.03||(0.05)|
Note 1: EBITDA is a non-IFRS measure and is calculated as net income before interest expense, income taxes, depreciation, and amortization.
Note 2: Adjusted EBITDA is a non-IFRS measure and is calculated as EBITDA gain or loss on foreign exchange, stock based compensation, gain or loss on sale of property, plant and equipment and unrealized gains on investments held for sale.
BluMetric Environmental Inc. is a diverse water, earth, and energy company providing solution-oriented consultation, design, products, and construction services to clients with complex environmental issues in more than 61 countries. With our award-winning team of industry experts and technology, BluMetric provides the finest effective and sustainable solutions to environmental challenges. BluMetric is a publicly traded Canadian company (TSX-V: BLM), headquartered in Ottawa, Ontario. For more information, visit www.BluMetric.ca.
For further information, please contact:
Ray Skaff, Director of Corporate Communications
BluMetric Environmental Inc.
Robin M. Sundstrom
IRonside Investor Relations
Some of the statements in this press release, including those relating to the Company’s strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, are forward-looking statements within the meaning of securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company’s expectations, estimates, and projections regarding future events. The Company does not undertake any obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.
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