Biorem Inc V.BRM

Looking forward to results, should be out Nov 25th

[KnowledgeSeekr8]

My guess is we see revenue around $6 million and hopefully earnings around $400K again, if they can get gross margins back up to around 25-30% maybe higher earnings!

Don't have to wait long and if we get good numbers hopefully that will also continue the momentum from last week and bring in some new investors to drive up the price.

I would love to see revenues next year eclipse $30 for the year and the way new orders are coming in this year with sales likely being tough it is possible. Also the Biden Administration and their clean energy and reducing pollution intitatives could be a boom for Biorem's business.

[Possibleidiot01]

You did say it was a guess. The reality is far off that number due to Covid issues , it would seem. Company hopes that delayed revenues show up in Q4 but Covid resurgence could hurt that . "We continue to be cautious regarding potential future disruptions in our supply chain and construction schedules due to the resurgence of the virus, but the outlook for the rest of our fiscal year looks

[KnowledgeSeekr8]

Yes unfrotunately my guess was wrong. Not the greatest of results but th ecash build is great....if they would do something with it. We know it won't be a dividend, but when a company has cash on hand of around 60% of the market cap they need to figure somehtnig out because shareholders aren't getting the value from their investment that they should be. This will likely float back down to

[Ciao]

You would hope that this is a cleantech growth story and as such the company should deploy capital for growth rather than returning it as dividends to shareholders. Unfortunate to see the impact of COVID on Q3. Delayed revenues and an increasing backlog moving forward means a much stronger 2021. Looks like it remains an undervalued story with these results.  Perhaps 2021 will be the breakout

[deleuze68]

I agree with Ciao regarding 2021. I think the earnings release was actually quite positive. Biorem had been guiding to a down quarter due to Covid so I wasn't expecting much in terms of revenue. Turning a slight profit and increasing the cash to an all-time high is better than I expected for this quarter. This is also the first time this year that Biorem has been more positive than cautious in

[KnowledgeSeekr8]

Yes they seem positve and at least the bid price on the shares didn't drop below $.40 today, that is other positive news. I like this statement on page 13 of the MDA released. "Notwithstanding these delays management expects to report for the fourth quarter of 2020 significant revenue and positive ebitda"