1. Company is turning around, growing revenues the past few years after declining revenues for 5+. They’re started to shift towards renewable and Hydrogen. The company designs and engineers modular systems (think electrical power for the facility) and do all the pipe work for hydrogen plant. Also do clean diesel and other renewables. Business strategy has shifted from going after more, smaller contracts to less, larger contracts a few years ago and we see this paying off on the P&L.
2. On track for about
$70M
in revenues this year with only
$30M
Market Cap (~25% increase from last year, during COVID, which the CEO has stated has impacted their business). On track for ~40% gross profit improvement this year. All while cutting SG&A costs by 17% (less, larger projects = decrease in workforce).
3. On track to turn profitable this year.
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