Bullboard - Stock Discussion Forum Earth Alive Clean Technologies Inc V.EAC

Alternate Symbol(s): EACTF

Earth Alive Clean Technologies Inc. is engaged in microorganism-based technologies. Its advanced products contribute to regenerative agriculture, natural dust suppression with minimal water consumption, and ecological and human-friendly industrial cleaning. It sells the microbial spores in their primary or blended form and in ready-to-use powdered or liquid formulations. Its segments include... see more

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TSXV:EAC - Post Discussion

Earth Alive Clean Technologies Inc > Positive Q results released today.

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Post by cleareye on Aug 12, 2021 11:10am

Positive Q results released today.

Quarterly revenues continued on a positive trend, increasing to $1,020,657 in the second quarter up from $666,336 in second quarter 2021.
Six-month revenues of $1,963,796 for the period ended June 30, 2021 were 2.3% higher than in the same period of 2020 (7.5% excluding a discontinued non-proprietary product line in our Agriculture segment).
Gross margin for the first six months of 2021 was 27.8%, compared to 29.9% in the same period last year due to additional costs incurred in preparation for future revenue growth.
Total operating expenses for the six-month period ended June 30, 2021 were $1,144,616, lower than $1,197,974 in 2020 due to lower travel and travel-related expenses and the internalisation of functions that were previously outsourced, partly offset by higher salaries.

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