FormerXBC Inc XEBEQ

great news and strategy !

[austrochris]

 The plan is being presented today at Xebec’s first investor day in Denver, CO and is expected to position the company to target approximately CAD$300–$350 million in revenues and an adjusted EBITDA margin (non-IFRS)¹ of approximately 8%–10% in its fiscal year ended December 31, 2024 (“FY2024”)

Today marks an exciting chapter in Xebec’s evolution as we chart our path over the next three years to become a global leader in sustainable gases,” stated Jim Vounassis, President and CEO of Xebec Adsorption Inc. “Over the last couple of years, we have built a strong foundation to launch off and have the right team, technologies, and business models in place to execute this three-year plan. Lastly, all of this is supported by large addressable markets in renewable natural gas, hydrogen and carbon capture” he added.

[Airbud]

So much for not providing guidance...the analysts must be frothing at the mouth this morning. Somebody did their homework for them for the next 3 years...can't wait to see how they spin this as negative or "neutral". 

[Ciao]

The guidance looks like a "safe" base case. The telltale IMHO is the projected 100 BGX units by 2024. They've learned their lesson on how and when to provide guidance and as noted by Jim, avoiding it when supply chain and Covid can disrupt the business. Providing guidance for 2024 is brilliant, and this base case still calls for 40% CAGR from 2021 rev. It also emphasizes that an

[Magicmike67]

Jim is giving guidance like he's a TD analyst!! lol... But yes good to have room to outperform.