Blumetric Environmental Inc Stock Price, News & Analysis

BluMetric Environmental (OTCQX:BLMWF), a WaterTech and environmental consulting firm, reported Q3 2025 financial results with mixed performance. Revenue surged to $14.7 million, up from $8.1 million year-over-year, while nine-month revenue reached $44.6 million.

The quarter saw reduced gross margins of 36% (vs. 44% in Q3 2024) due to Gemini Water integration and sales mix changes. The company reported an EBITDA of $0.3 million and a net loss of $0.5 million. Working capital improved to $8.5 million, with a net cash position of $3.4 million.

Notable developments include doubled revenues from Gemini acquisition, a 76% increase in Military market revenues, and a new $3.8 million contract from Thales Canada. Professional Services faced challenges due to government transitions and macro-economic conditions.

BluMetric Environmental (OTCQX:BLMWF) has secured a CA$3.8 million contract with Thales Canada to upgrade water systems on Royal Canadian Navy ships. The project focuses on enhancing potable water chemistry and extending the lifespan of shipboard water distribution systems.

The company's WaterTech Canada division in Carp, Ontario, will design, validate, and execute the project, with system delivery and commissioning expected within 18 months. This collaboration represents a significant development in BluMetric's Mission Ready Water solutions for military applications.

BluMetric Environmental (OTCQX:BLMWF) has secured multiple contracts worth CA$1.8 million (US$1.3 million) for wastewater treatment systems. The contracts include a Membrane Bioreactor (MBR) system for a Bahamian resort and an expansion of an existing MBR plant at a Texas commercial housing development.

The Bahamian facility will be BluMetric's tenth wastewater facility in the region, designed to treat 120,000 gallons per day of wastewater. The Texas project will increase capacity to 300,000 GPD. Both projects will be executed by WaterTech USA division and are expected to be completed within 12 months.

BluMetric Environmental (OTCQX: BLMWF) reported its Q2 2025 financial results with record revenue of $15.9 million, up from $7.1 million in Q2 2024. The company's first-half revenue reached $29.9 million, compared to $15.7 million in the previous year. However, gross margins declined to 27% from 43% year-over-year due to changes in sales mix following the Gemini Water acquisition. Q2 EBITDA increased to $0.6 million from $0.4 million, while the company reported a net loss of $0.1 million compared to net earnings of $0.1 million in Q2 2024. Working capital improved to $8.6 million, with a net cash position of $2.2 million. The company highlighted strong momentum in its WaterTech division through Gemini's growth and expanded its manufacturing capabilities with a new facility in Gainesville, Florida, and a 9,000 sq. foot facility in Carp, Ontario.

BluMetric Environmental (OTCQX: BLMWF) has secured a new Master Service Agreement with Canada's Department of National Defence for their Reverse Osmosis Water Purification Units (ROWPU). The agreement includes refurbishment, on-call field service, support, and maintenance of ROWPU systems. The contract spans three years with potential for seven one-year extensions. BluMetric has already received an initial service order worth $5.8 million under this new agreement. The company's Chair & CEO Scott MacFabe emphasized the importance of delivering Mission Ready Water and highlighted their long-standing relationship with the Department of National Defence.

BluMetric Environmental (OTCQX: BLMWF) has received a notice to proceed with the production of 26 self-contained water treatment units under a $12.2 million contract with Rheinmetall Canada for the Canadian Armed Forces. The production, which includes associated equipment and cold weather ancillary packages, will take place at the company's Carp, Ontario facility with delivery expected within 18 months. The Advanced Sub-Unit Water Purification System (ASUWPS) has successfully passed rigorous testing, including road, cross-country, and water challenge tests at the 5 CDSB Gagetown. The system is based on proven ROWPU and SROD designs that BluMetric has supported for over a decade. Additionally, the company has granted 402,000 stock options to Directors and Employees at $0.99 per share.

BluMetric Environmental (TSXV: BLM) (OTCQX: BLMWF), an engineering watertech and environmental consulting firm, has announced its participation in the Planet MicroCap Showcase: VEGAS 2025. The event will take place on Wednesday, April 23, 2025, with Chair and CEO Scott MacFabe presenting at 2:00 PM PT (5:00 PM ET).

The presentation will be accessible via webcast, and the company will also conduct in-person 1x1 investor meetings at the Paris Hotel & Casino in Las Vegas. Interested parties can register for the event through the conference website to participate in both the presentation and individual meetings.

BluMetric Environmental (TSXV: BLM) (OTCQX: BLMWF) has announced key leadership changes and stock option plan amendments. Scott MacFabe, who has served as CEO since March 2018, has been appointed as Chair of the Board of Directors while maintaining his CEO position. He succeeds Ian Mor Macdonald, who will continue as Chair of the Audit Committee.

At the annual and special meeting on March 19, 2025, shareholders approved an amended stock option plan that increases the available options from 4,500,000 to 5,500,000, representing approximately 14.9% of the company's issued and outstanding share capital. The amended plan is pending TSX-V approval.

BluMetric Environmental (TSXV: BLM) (OTCQX: BLMWF) has secured a CA$3.3 million (US$2.3 million) contract to provide water treatment systems for a Bahamian resort. The project includes:

• A Sea Water Reverse Osmosis (SWRO) system producing 240,000 gallons per day of potable water
• A Membrane Bioreactor (MBR) system treating 65,000 gallons per day of wastewater

The contract will be executed by BluMetric's recent acquisition, Gemini Water, with delivery and commissioning scheduled for 2025. This development aligns with the Caribbean region's growing water infrastructure needs, supported by the Caribbean Hotel and Tourism Association's reported pipeline of 50 new hotel projects adding 19,591 rooms, with 29,987 total rooms planned between 2024-2028.