Ottawa-based cleantech firm named to TSX's Venture 50 list after its shares rose 300 per cent last year.
Ottawa cleantech firm credits rising sales to its industrial and government customers for the increase.
The company posted net earnings of $1.1 million for the quarter, compared with a net loss of $2.3 million in the same period in 2020.
Ottawa firm one of eight Ontario companies chosen for the Dragons' Den-style event.
Firm reported revenues of $8.2 million in the first quarter of fiscal 2021, up from $6.3 million the year before.
Cleantech firm booked $10.4 million in revenues in the fourth quarter – up substantially from the $6.6 million it generated in the same period a year earlier.
Cleantech firm posted net earnings of $673,000 for the quarter, up $663,000 from the same period last year.
Cleantech firm's revenues fell 28 per cent year-over-year, due mainly to a sharp drop in revenue from clients in the defence and government sectors.
Cleantech firm says contract to operate and maintain the effluent treatment plant at Giant Mine in Yellowknife will last five months.
The cleantech company attributes the drop in revenues to an inordinately strong 2018, which included a series of one-time contracts