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.

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FormerXBC Inc > 3 things in Greenlane's release that make Xebec look better

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Comment by kulewateron Nov 10, 2021 10:55am

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Post# 34109858

RE:RE:3 things in Greenlane's release that make Xebec look better

A litle bit suspect there. Looks like they got out over there skis a bit too much.

the contract with RNGC was amended to reduce the scope of supply from three systems to one, because two of the systems were sold in the quarter to another customer for US$3.0 million

Sounds like they werent too sure the customer would be able to pay for the 3 systems so they sold 2 to someone else.

The margins seem razor thin for GRN. Not sure how they are going to change that being a VAR.

Customer attrition is a real thing as these businesses mature.

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