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Biorem Inc V.BRM

Alternate Symbol(s):  BIRMF

Biorem Inc. is a Canada-based clean technology company. The Company designs, manufactures and distributes a line of air emissions control systems used to eliminate odors, volatile organic compounds (VOCs) and hazardous air pollutants (HAPs). It operates through one reportable segment, which involves the manufacture and sale of pollution control systems. Its solutions include BASYS and BiofiltAIR biofilter, MYTILUS biotrickling filter, multi-stage SYNERGY system, biogas desulfurization, dry scrubber adsorption systems and cannabis odor control. Its BASYS and BiofiltAIR biofilter systems are suited for odor control applications, especially when removing reduced sulfur compounds or VOCs. It offers biofiltration medias, which include BIOSORBENS, XLD, BIOPAK and BIOROLL & BIOBLOK. The Company's service solutions include system upgrades, preventative maintenance, and replacement and spare parts. Its other services dispersion modeling, permit applications and community outreach programs.


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  • Possibleidiot01X
Comment by Possibleidiot01on Jun 08, 2023 4:58pm
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Post# 35487304

RE:AGM sounded really positive

RE:AGM sounded really positive
KnowledgeSeekr8 wrote: Some highlights that I remember
- Record backlog as announced this week
- $9.5 of that $11 million was from one project. It was with teh city of Las Vegas and marks the largest deal ever for Biorem passing the old mark from 2020 of $6
- $76 million are currently in negotiations and David said with confidence that at least half should be won by year end
- Recurring revenues are increasing and will provide a more stable revenue stream in the future
- There are some merger/acquistion talks ongoing with multiple prospects (but not imminent
- His general tone I felt more optomistic than usual

Looking forward to seeing where this company is in 1-2 years and also where the stock price can get to. I don't think its pie in the sky estimate we could see $2-$3 in that time frame


KnowledgeSeekr8, welcome back

One correction , Derek.
Some more details. Average size of contracts , 2021- $250,000 -last year - $500,000.
Twice the sales funnel.
$50.6 million backlog plus order won today ( no details)
40% growth rate in formal tenders ( defined as quotes with formal budget attached). Historically as you said 50% conversion rate.
Internal capacity to add $10-20 million with current resources . Same amount of work on both smaller and bigger contracts.
Hired a new person - 388 resumes.
It's probably the company gets distribution to the rest of the U.S. this year for the dry scrubbers( now 5 states) using their current distributors ( low capital required). Fifteen systems sold so far for $11 million.
Las Vegas won on track record and deliverability ; means that some/most of that $9.5 million shows up  this year.


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