RE:RE:RE:RE:Will the shorts get burned, reporting day is next week????Disappointing net loss of 2.2 M$ for Q1 only equivalent to the net loss for the full year last year. Not good. Another tough day to be expected tomorrow IMO. GLTA
First Quarter Highlights Include:
- Revenue of $16.3 million, a 33% increase over the $12.2 million reported in the first quarter of 2021.
- Gross profit of $3.6 million, gross margin (gross profit excluding amortization) of $4.0 million (25% of revenue).
- Net loss of $2.2 million.
- Adjusted EBITDA of $0.03 million1.
- Sales order backlog2 of $35.7 million as at March 31, 2022.
- Sales pipeline3 valued at over $900 million as at March 31, 2022.
- Cash and cash equivalents of $23.1 million and no debt, other than payables and bonding resulting from normal course operations, as at March 31, 2022.
- Acquired 100% of the outstanding shares of Airdep S.r.l. ("Airdep"), a provider of biogas desulfurization and air deodorization products based in Vicenza, Italy.