FormerXBC Inc XEBEQ

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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.

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FormerXBC Inc > XBC vs. GRN

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Comment by Gann999on Sep 18, 2022 10:12pm

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Post# 34970405

RE:RE:XBC vs. GRN

Dear God you are truly lost if you think Xebec only made 45 grand in revenue

AlwaysLong683 wrote:
AlwaysLong683 wrote:
XBC:
closing share price: 0.57
52W Low - High 0.56 - 4.01
Market Cap: 88M

GRN:
closing share price: 0.71
52W Low - High 0.60 - 1.73
Market Cap: 107M

(source: TMX Money)

GRN has passed XBC in both share price and market cap. Why is this?

Check out GRN's Financial Statements vs. XBC's Financial Statements as at June 30, 2022.

GRN's balance sheet appears to be in better shape than XBC's.

GRN's income statement (firgures expressed in thousands of dollars) shows $18M in revenues and $3.9M gross profit for the quater ended June 30 .

XBC's income statement (figures appear to be expressed in total dollars, not in thousands of dollars) shows $44,501 in Revenues (including Government Grants) and a gross margin of only $1,756.....is this correct...?....they only had $43,885 in total sales plus $616 in Government Grants for the three month period ending June 30, 2022..? Thought they generated much more in sales than that.....?

I believe XBC bulls were claiming that the company was superior to GRN, but from the looks of it, GRN seems to be doing much better so far.