Clear Blue Technologies (TSXV: CBLU has just announced record revenue for 2021, stating a 103% increase over 2020. Recorded revenue for the year reached $8,148,659 with a gross profit of $2,255,460.
The share price hasn’t seen the movement you would expect following this highly positive announcement and saw a huge sell-off yesterday. I’m not quite sure what to gather from this, however, I am highly bullish on the company right now.
In the company’s public investor conference yesterday, leadership stated that they are highly confident 2022 revenue will further exceed 2021 revenue. Many of $CBLU.v’s customers and partners have multi-year rollout plans, and 2021 was the first shipment of many of these multi-phase projects. Notwithstanding that, Q1 2022 has started strongly with multiple new contract announcements.
Now might be a better time than ever to establish a position in $CBLU.v as shares see some resistance as they try to enact a trend reversal from all-time lows.
$CBLU.v is currently trading at $.215 and is valued at an MCAP of $14.4M.
https://ceo.ca/@nasdaq/clear-blue-technologies-announces-record-revenue-in