GREY:XEBEQ - Post by User
Post by
savyinvestor333on Aug 17, 2021 6:31am
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Post# 33715631
Comparable company Montauk Renewables
Comparable company Montauk Renewables This company has been compared to Xebec earlier on this board. Interesting it has a market cap of 1.2 billion U.S. Revenues are similar to Xebec. Lets see the reaction today.
PITTSBURGH, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas into renewable natural gas (“RNG”), today announced financial results for the fiscal second quarter 2021.
Second Quarter 2021 Financial Highlights:
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Revenues of $31.7 million, increased 13.5% year-over-year
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Net Income (loss) of ($4.7) million, increased 193.9% year-over-year
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Non-GAAP Adjusted EBITDA of $5.1 million, decreased (41.5%) year-over-year
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RNG production of 1.4 million MMBtu, declined (8.2%) year-over-year