$POND - Unaudited Interim 2021 Q1 Results Released
$POND just released Q1 financial statements ending March 31, 2021 (unaudited) and it's looking pretty good. Some of the highlights include:
- 58% YOY revenue growth led by the sales of ingredients and Regenurex astaxanthin products.
- $532k of positive working capital
- Decreased the Q1 net loss by $31k
https://www.newswire.ca/news-releases/pond-technologies-holdings-inc-announces-filing-of-2021-first-quarter-unaudited-interim-condensed-financial-statements-and-md-amp-a-861053992.html
After releasing the results yesterday, the stock remained relatively unchanged still holding out at the $0.68-$0.70 levels showing that these results were as expected from investors. IMO, I like what I see here. Across the board, their financials seemed to have improved and as long as they stay on track, I can see the company continuing its growth.
$POND is one of my favourite companies with a unique method to combat climate change while simultaneously profiting. Their use of algae bioreactors connected to smokestacks to decrease emissions and rapidly grow algae in a CO2 enhanced environment is a genius idea. As climate change discussions by governments increase they’re going to focus on EV’s, renewables, and carbon capture. Over the next decade, I expect a lot of growth in the carbon capture industry letting $POND capitalize on the growth.
A little bit of background on the tech from their website: https://www.pondtech.com