Rhea-AI Summary
BIOREM Inc. announced new orders totaling $7.1 million, increasing its record order backlog to $44.5 million. This growth reflects the success of its new air emission abatement technologies and services. Orders, mostly in the $1M to $2M range, are expected to convert into revenue within a year. The company also reported a $1.3 million order for services, bringing year-to-date service orders to $5.3 million. The market for air emissions abatement is projected to grow at an annual rate of 5.4%, reaching $1.6 billion by 2027.
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FAQ
What is the current stock price of BIOREM (BIRMF)?
BIOREM (BIRMF) last closed at $2.6.
What is the market cap of BIOREM (BIRMF)?
The market cap of BIOREM (BIRMF) is approximately $43.1M.