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BluMetric Environmental Inc. reports news about its WaterTech engineering, environmental consulting, and water treatment businesses. The company designs, fabricates, and delivers water and environmental solutions for commercial and industrial, government, military, and mining customers in North America and the Caribbean.
Recurring updates include financial results, contract awards for wastewater treatment and shipboard reverse-osmosis desalination systems, recurring water testing services, acquisitions that expand operating capabilities, and governance matters such as director elections and stock option plan amendments.
BluMetric (OTCQX: BLMWF) reported Q3 2026 revenue of CA$20.9 million, up 43% year-over-year, driven by WaterTech USA, contributions from DS Consultants and Whitteker Environmental (CA$5.98 million impact), and higher Professional Services utilization. Gross margin rose to 37% from 36%, while Adjusted EBITDA increased to CA$1.06 million from CA$0.31 million.
The company posted a Q3 net loss of CA$0.76 million, compared with a CA$0.45 million loss, mainly due to CA$1.89 million of non-cash depreciation, amortization and share-based compensation, partly offset by a CA$0.30 million income tax recovery. Free cash flow improved to CA$0.66 million and working capital reached CA$9.50 million, with net cash at CA$1.16 million. Mining market revenue grew 63%, while Government and Military revenues declined on contract timing and the completion of the Rheinmetall project. BluMetric also signed a lease for a new 49,000 sq. ft. Gainesville, Florida facility, nearly doubling WaterTech USA’s manufacturing footprint starting October 1, 2026.
BluMetric Environmental (TSXV: BLM, OTCQX: BLMWF) will release its Q3 2026 financial results for the quarter ended June 30, 2026, and host an investor conference call on Thursday, August 27, 2026, at 9:00 AM ET (6:00 AM PT) to discuss the results.
Investors can pre-register via an online link for an automated callback or dial in directly using North American toll-free and local numbers. A replay will be available on BluMetric’s investor relations website after the call.
BluMetric (OTCQX: BLMWF) reported Q2 2026 revenue of CA$18.3M, up 15% year-over-year, with gross margin rising to 31% from 27%. Six‑month revenue reached CA$38.6M.
Q2 adjusted EBITDA was -CA$0.6M and net loss CA$1.1M. Military revenue grew 78%, government revenue 31%. Working capital was CA$9.9M, net cash CA$2.9M plus CA$6.9M in available liquidity. BluMetric granted 1,078,000 options at CA$0.81 and will host its earnings call on May 28, 2026.
BluMetric (OTCQX:BLMWF, TSXV:BLM) will release its Q2 2026 financial results for the quarter ended March 31, 2026 after market close on May 27, 2026. The company will host an investor conference call on May 28, 2026 at 9:00 AM ET to discuss the results.
BluMetric (OTCQX: BLMWF) signed a $2.9 million contract extension to an existing Master Service Agreement to continue refurbishment, on-call field service, support and maintenance for the Department of National Defence Reverse Osmosis Water Purification Units (ROWPU).
The extension adds Technical Investigation Engineering Studies, will be delivered by WaterTech Canada in Carp, Ontario, and is expected to complete by year-end 2026. The three-year agreement originally had an initial value of $5.8 million.
BluMetric Environmental (OTCQX: BLMWF) announced board elections and an amendment to its stock option plan on April 9, 2026. Scott MacFabe was re-named Chair while remaining CEO. Shareholders elected four directors and approved Ernst & Young as auditors.
The amended stock option plan raises options from 5,500,000 to 7,500,000, ~13.75% of outstanding shares, and is subject to TSX-V approval. Committee chairs and a lead independent director were also appointed.
BluMetric (OTCQX: BLMWF, TSXV: BLM) closed the acquisition of Whitteker Environmental Services (WES) on April 1, 2026 for a $1,250,000 purchase price.
Consideration included $800,000 cash, 248,576 common shares at $1.01 deemed price, and a cash earnout up to $200,000. WES reported ~$950,000 revenue and ~$350,000 adjusted EBITDA for the 12 months ending Dec 31, 2025.
BluMetric (OTCQX: BLMWF) secured a $7.5 million contract to supply multiple Shipboard Reverse Osmosis Desalination (SROD) plants to a leading Canadian shipbuilder. The systems will be built by WaterTech Canada in Carp, Ontario, with production expected to begin in late 2026.
The company cited over 20 years of experience delivering Canadian-made shipboard water solutions designed for reliability, low operator workload and reduced energy use.
BluMetric (OTCQX: BLMWF) secured a US$1.5 million (CA$2.0 million) contract to supply a 150,000 GPD Membrane Bioreactor wastewater treatment plant for a private Florida housing development, with an option to expand to 300,000 GPD.
The system will be built by WaterTech USA in Gainesville, delivered and commissioned within the next twelve months, remotely monitored from BluMetric's operations center, and supported with spare parts. The company is also exploring doubling its Gainesville manufacturing footprint from 25,000 to 50,000 sq ft to meet rising U.S. demand.
BluMetric (OTCQX: BLMWF) reported Q1 FY2026 revenue of $20.3 million, up 45% year‑over‑year, driven by the December 10, 2025 acquisition of DS Consultants and higher Military and Mining activity. Gross margin fell to 28% and adjusted EBITDA was $0.9 million; net loss was $67,000.
The company completed a brokered financing for $15.0 million, ended the quarter with $1.8 million net cash and working capital of $10.7 million. Board approved an expanded stock option plan to 7.5 million shares, subject to shareholder and TSXV approval.