Baylin Technologies Inc T.BYL

Alternate Symbol(s): BYLTF | T.BYL.DB

Technology Communication Equipment

Baylin Technologies Inc. is a Canada-based diversified, global wireless technology company. The Company is focused on the research, design, development, manufacturing and sales of passive and active radio frequency products, satellite communications products, and supporting services. The Company’s products are marketed and sold under the brand names Galtronics, and Advantech Wireless. The Galtronics line of business designs and manufactures innovative wireless antenna solutions for customers embedded and infrastructure enabled products. The Galtronics line of business is comprised of two business lines: Embedded Antenna, and Wireless Infrastructure. The Satcom line of business designs and manufactures customizable satellite RF products for highly specialized wireless communications markets and for commercial, critical infrastructure, government and military clients. The Satcom products are manufactured at the Company's facilities in Canada and the United States.

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Baylin Technologies Inc > Is this going bankrupt??

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Comment by Duster340on Nov 03, 2022 1:33pm

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Post# 35070282

RE:Is this going bankrupt??

SR71BlackBird wrote: Thoughts? Why has the stock price crashed? I thought they had a backlog bigger then ever??

IMO

backlog means nothing. just have a look at Xebec (XBC) who went bankrupt at the end of septmber with massive backlog. i feel baylin is in the same boat and the same scenario could play out, earnings report (next week) followed 6 weeks later by declaring bankruptcy.

Xebec earnings report

Revenues of $44.5 million compared to $32.7 million for the same period in 2021
Gross margin (Non-IFRS) of $1.8 million or 4% compared to $5.0 million or 15% for the same period in 2021
Adjusted EBITDA (Non-IFRS) of ($12.0) million compared to ($5.2) million for the same period in 2021
Net loss of $23.4 million or $0.15 per share compared to a net gain of $10.2 million or $0.07 per share for the same period in 2021
Backlog (Non-IFRS) of $270.2 million at August 10, 2022 compared to $75.9 million at August 11, 2021

Business WireSep 29, 2022 9:00 PM EDT

Xebec Adsorption Inc. (TSX: XBC) (“ Xebec ” or the “ Corporation ”), a global provider of sustainable gas solutions, announced today that the Superior Court of Qubec (the “ Court ”) has granted the Corporation’s application for an initial order (the “ Initial Order ”) under the Companies’ Creditors Arrangement Act (the “ CCAA ”). Xebec intends to seek recognition of the Initial Order and the SISP Order (as defined below) in the United States under Chapter 15 of the Bankruptcy Code.