Ottawa – January 28, 2016 – BluMetric Environmental Inc. (TSX.V: BLM), an Ottawa-based cleantech company, announces the following unaudited results for the fourth quarter of FY 2015, and audited results for the financial year ended September 30, 2015.
“BluMetric was profitable for all four quarters of FY 2015, a result of our commitment to stakeholders to contain and control costs, build sales, and improve efficiencies across all aspects of our business,” said Roger Woeller, CEO of BluMetric. “These positive results are a credit to our dedicated staff, as well as the continued support of industry partners and clients. Our attention remains on consistent and sustainable growth driven by new products and technology.”
The full results are available at www.sedar.com.
BluMetric is well positioned for continued growth under a unified brand, with a refined strategic focus in key areas of opportunity as well as improved operational efficiencies and an enhanced Business Development team. In our ongoing effort to grow the business, develop new products and technology, and improve costs and margins, the Company will continue to apply the disciplinary practices that drove our past achievements.
BluMetric’s improved performance in FY2015 demonstrates solid progress against our strategic priorities. Our attention remains on delivering to our clients a complete solution with an exceptional standard of care – particularly in areas where we have product and service differentiation and a competitive advantage.
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, unrealized gains on investments held for sale and impairment of goodwill.
For additional information, please refer to the Company’s filings at www.sedar.com.
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 quarterly and annual results, future products, opportunities and cost initiatives, 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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