This is a turnaround story. This company treats water. They initially focused on the oil/gas industry but has switched to industrial waste water treatment. They have acquired three waste water treatment plants and are applying their technology to improve results. They also create renewable fuels.
Industrial waste water is a better market because the quantities are large, existing treatments are not always economically effective and RDX can afford to install their equipment without having to worry about them being portable, as is the case with oil and gas.
They earned .006eps in Q2 on record revs. Expect good results going forward.