Ottawa – 29 May 2019 – BluMetric Environmental Inc. (TSX.V: BLM), a full-service environmental consulting and engineering clean tech firm, today reported continued profitability for the period ended March 31, 2019, recording revenue of $7.0 million and net earnings of $112,000.
Highlighting BluMetric’s ability to compete with the best in Canada’s defence market, the Company was recently ranked as one of the top 75 defence companies in Canada by Canadian Defence Review magazine in its Special CANSEC Edition.
“During the quarter we continued with an emphasis on integrating BluMetric’s services and tightening our operational disciplines in order to be more targeted in our offerings, markets and geographic focus; a strategy that is proving very successful,” said Scott MacFabe, CEO of BluMetric. “With these new systems now coming into place, we are looking outward to expansion, creating new opportunities through our technical sophistication and unique ability to deliver full spectrum, tailored solutions to even the most complex environmental challenges.”
BluMetric now conducts business across four key business segments where it experiences market leadership and sees the most potential for meaningful, sustained growth:
BluMetric continues to lay the foundation for steady future growth through the development of targeted new business and deeper partnerships with existing clients. The Company is focused on increasing shareholder value and taking its business to the next level, relying on its best in class technical capabilities, agile responsiveness and a reputation for doing meaningful work while providing outstanding levels of service.
Note 1: EBITDA is a non-IFRS measure and is calculated as net income before interest expense, income taxes, depreciation, and amortization.
The full results are available at www.sedar.com.
BluMetric Environmental Inc. is a publicly traded environmental consulting and engineered treatment systems company with expertise across disciplines and technologies that allow for the design and delivery of elegant solutions to environmental challenges. Headquartered in Ottawa, Ontario, BluMetric’s team of industry experts serves clients in Canada and the United States.
For more information, visit www.blumetric.ca, or please contact:
Scott MacFabe, CEO
BluMetric Environmental Inc.
Vivian Karaiskos, CFO
BluMetric Environmental Inc.
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.