FormerXBC Inc XEBEQ

ZouZS3

[Newtrader1982]

zou it's crazy how misinformed you actually are how is it you think hygear made 16 million revenue? That's just projected revenue for 2020 since they haven't even finalized the numbers yet and they anticipated being affected by covid in 2019 they made 9 million they will likely come in around 12 million for 2020 where do you even get your numbers from? Yet you claim that I don't know anything about the company while spouting nonsense to the whole bb.

[Ciao]

Hygear's rev was 11.4M Euros in 2019 or $17 M CDN. Double digit growth was projected for next 2 years. I don't see why wouild think rev in 2020 will be $12M. XBC made these projections in Dec. and the first 9 months of Hygear's rev in 2020 would have been known.

[Newtrader1982]

This is where I got 12 million from they may very well be 17 million I was just pointing out they were expecting to have a 30 percent reduction due to covid.

[Newtrader1982]

opps here https://www.owler.com/company/hygear2

[Ciao]

Where did you read that they expected a 30% reduction due to Covid? The NR indicated that the impact was on the RNG side and it itemized $ values.  That totaled $12.9M. There was nothing said about the hydrogen side of the business. They cancelled and didnt't deliver some contracts ($7.3M) to cut their losses, the RNG systems are WIP and sitting in inventory to be retroftted as needed to

[ZouZS3]

As per Page 118 of prospectus, "After analysis of our progress in the 2020, we were glad to conclude that the actual impact is less than initially anticipated. Until Q3 2020 we have calculated the impact to be of 30% against our original plan. We also expect Q4 to be relatively busy, NEAR the ORIGINAL LEVELS which would allow us to believe we can further REDUCE this LOSS of revenue over the