Ottawa-based BluMetric’s steady 2015 first-quarter results are beginning to show why the clean-tech company was formed in a reverse takeover three years ago, according to CEO Roger Woeller.
BluMetric posted revenue of $7.8 million for the three months ending Dec. 31, up $200,000 from the same period last year.
Gross margins improved from 21 per cent to 22 per cent and net income rose to $114,000 from $18,000 in the same quarter of 2014.
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Nicole Arranz lights up whenever she sees or hears children visiting Perley Health’s east-end Ottawa campus. “My mom loves kids, and being around kids brings life to her,” said Josée
Nicole Arranz lights up whenever she sees or hears children visiting Perley Health’s east-end Ottawa campus. “My mom loves kids, and being around kids brings life to her,” said Josée
The company’s sales, general and administrative expenses dropped slightly as well, down from $1.5 million to $1.4 million.
“The steady and reliable performance of the Professional Services group combined with better results from the Water Systems group will provide a base for improvement and growth,” Mr. Woeller said in a statement. “Ongoing focus on supporting our higher-margin opportunities will continue this trend.”
