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 > Yesterday's reaction was fantastic

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Comment by Gann999on Aug 17, 2022 1:06pm

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Post# 34902527

RE:Yesterday's reaction was fantastic

Losses almost similar to xebec without any of the legacy issues. Plus Anaergia only has 63m in cash and burned through 20m in 1 quarter and long term debt has ballooned to well over 200m but of course you won't hear ferret_ca mention any of that.

tamaracktop wrote: Yesterday's reaction to Anaergia's numbers was fantastic

The stock rose $2.48, or 30%, adding $159.2 million to its market cap, equivalent to Xebec doubling.

Here are some interesting comparisons:

Anaergia:
Revenues for the second quarter jumped by 57%, to $42.2 million from $26.8 million restated for the prior year

Xebec:
Revenues increased by $11.8 million to $44.5 million for the three-month period ended June 30, 2022 compared to $32.7 million for the same period the prior year

Anaergia:
The gross profit percentage slipped to 19% in the second quarter of this year from 22% in the restated second quarter of the prior year owing to project cost overruns

Anaergia:
Net income (loss) of -$19.6 million for the three-month period ended June 30, 2022

Xebec:
Net loss excluding legacy RNG contracts of $11.4 million or $0.07 per share in the three-month period ended June 30, 2022

Anaergia:
Adjusted EBITDA1 of -$3.3 million for the three-month period ended June 30, 2022 was down from $0.2 million in the restated same period in the prior year.

Xebec:
Adjusted EBITDA (Non-IFRS) excluding legacy RNG contracts increased to a loss of $3.4 million for the three-month period ended June 30, 2022 from a loss of $0.9 million for the same period last year.

And on the macro front, Anaergia had this to say:

"What is truly exciting are the fundamental shifts in Renewable Natural Gas (RNG) demand and increasing support for RNG by governments taking place globally, as evidenced by the recent passing of the Inflation Reduction Act in the USA,” said Anaergia’s Chairman and CEO, Andrew Benedek.

I've looked at Xebec from every angle.

The only thing I haven't done is put it through a gas chromatograph

No matter what angle I look at it from, the downside appears virtually non-existant, and the upside
is I have no idea..