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FormerXBC Inc XEBEQ

Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.


GREY:XEBEQ - Post by User

Comment by Magicmike67on May 01, 2021 11:21am
121 Views
Post# 33108306

RE:RE:RE:RE:Good morning friends lol

RE:RE:RE:RE:Good morning friends lol
tamaracktop wrote: That's bizarre. I don't like it.


Then you really won't ;ike this statement from page 24....

As the acquisition of HyGear closed on December 31, 2020, the acquisition did not have an impact on revenues and net income for the year ended December 31, 2020. Had the acquisition taken place on January 1, 2020, the pro forma revenues and net income(loss)of the Company would have been$61,384,457and ($36,995,485), respectively

$61.3M (proforma rev) - $56.5M (actual rev) =  $4.8M

Was Hygears revenue only 4.8M for 2020? How is that even possible? Am I missing something?



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