OBJ publisher Michael Curran talks with BluMetric CEO Scott McFabe about how his team plans to leverage the company's improved financial performance into new opportunities and growth potential.
Ottawa-based cleantech firm named to TSX's Venture 50 list after its shares rose 300 per cent last year.
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.
The cleantech company attributes the drop in revenues to an inordinately strong 2018, which included a series of one-time contracts
Cleantech firm's revenues remain consistent at around $7.6 million in first quarter of fiscal 2019.
When Scott MacFabe joined BluMetric as CEO last March, he said his job was to accelerate the Ottawa cleantech firm’s ascent in the marketplace.