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Cleantek Industries Inc V.CTEK

Alternate Symbol(s):  GLKFF

Cleantek Industries Inc. manufactures and markets technology-based equipment in Western Canada and the United States. The company offers lighting solutions, such as Halo, a crown-mounted lighting system; SolarHybrid light towers; Stadium Lighting, a LED tower lighting solution; EcoSteam, a mobile evaporation platform; DZeroE, a wastewater evaporation system; and SecureTek, a site security and surveillance solution. It also rents and services equipment for oil and gas, and construction industries. Cleantek Industries Inc. is headquartered in Calgary, Canada.


TSXV:CTEK - Post by User

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  • JasleenDhakaX
Post by JasleenDhakaon Dec 02, 2022 3:35pm
326 Views
Post# 35147445

Q3 Beat/Well-Positioned for a Strong Q4

Q3 Beat/Well-Positioned for a Strong Q4Highlights on Cleantek!

• Revenue and EPS Estimates

Its Q3 revenue and EPS have beaten our estimates by 3%. Revenue was up 66% YoY, and EBITDA was up 127% YoY.

• Revenue Generation Model

Revenue comes from renting equipment for lighting and waste management to oil and gas/mining/construction companies in North America.

• Energy Industry Highlights

Oil prices have pulled back from their highs in June 2022, but are still up 12% YoY. Despite rising rates and a slowing economy, we have a positive outlook on oil prices, as we are expecting a prolonged period of conflict between the West and East.

Find out more on Cleantek's upcoming catalysts and its future projects in the full report available here: https://www.researchfrc.com/cleantek-industries-inc-tsxv-ctek-q3-beat-well-positioned-for-a-strong-q4/?utm_source=ceo.ca&utm_medium=Referral&utm_campaign=ceo.ca&utm_id=Cleantek+Industries

Question of the day: Our analysts have a bullish outlook on oil prices. Do you feel the same? Comment down below.

*FRC provides issuer-paid coverage.
*Past performance is not indicative of future results.
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