BRM.V BIRMF
Upside wildcard remains on new contracts awarded, from the last PR:
BIOREM ANNOUNCES ORDERS TOTALLING $5.7 MILLION
Biorem Inc. has won several new orders totalling $5.7-million. The orders are for air emission abatement projects in North America.
"Of particular note is a large order for a municipality in the southern [United States], where our equipment will be replacing a competitor's system that failed to meet the customer's requirements. This demonstrates the value our customers see in our engineered solutions," said Derek S. Webb, president and chief executive officer of Biorem.
"With Biorem set to celebrate its 25th year anniversary in the fall and over 1,000 installations globally, Biorem continues to be the industry leader in innovation, reliability and performance. These recent orders are affirmation of the current market demand for a reliable partner in achieving regulatory
Now I have to question this: Whoever this competitor player might be I would assume they have installed other systems elsewhere.... if they are faulty and Biorem has done the job to replace their failed systems, couldnt we see a sludge of new orders just around the corner?
At Net Income of 8c FULLY diluted and about 18c UN-diluted shared count and backlog fully charged for a year at least, any string of new orders will send this flying in no time...
AI
