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 > Number crunching time

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Comment by tamaracktopon Aug 11, 2022 7:40am

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Post# 34887466

RE:Number crunching time

Net of legacy issues, ebitda improved from ( $5.2 million ) in Q2 2021 to ( $3.7 million )

Combined with the $4 million cost savings from reduced headcount, the company is on a clear path
to profitability.

The National bank LOC is in forbearance for breach of loan covenants.

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