FormerXBC Inc XEBEQ

Utilities Utilities - Regulated Electric

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

FormerXBC Inc

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Post by jakethesnake2on Nov 10, 2020 8:06am

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Q results out

Xebec Announces Q3 2020 Financial Results

- Revenue of $18.4 million, negative EBITDA of $1.3 million and net loss of $2.2 million -

MONTREAL (QC), November 10th, 2020 - Xebec Adsorption Inc. (TSXV: XBC) ("Xebec"), a global provider of renewable gas solutions announced today its 2020 third quarter and nine-month period results, with the following highlights:

Revenues of $18.4 million in the third quarter of 2020 compared to $13.2 million for the same period in 2019, a 39% increase.
Negative EBITDA of $1.3 million for the third quarter of 2020 compared to positive EBITDA of $1.4 million for the same period in 2019.
Net loss of ($2.2) million or ($0.02)/share for the third quarter of 2020, compared to a net profit of $1.0 million or $0.02/share for the same period in 2019.
Working capital increased to $81.3 million on September 30, 2020, for a current ratio of 4.4:1, from working capital of $36.9 million and a current ratio of 3.2:1 on December 31, 2019.