Q2 2026 Blumetric Environmental Inc Earnings Call Transcript
Key Points
- BluMetric Environmental Inc (BLMWF) reported a 15% increase in revenues for the second fiscal quarter, primarily due to the acquisition of DS Consultants.
- The company announced several new contracts for its WaterTech USA Group, indicating a strong pipeline and capacity for future projects.
- BluMetric is expanding its manufacturing footprint in Gainesville to double its size, which will allow the company to scale with customer demand.
- The military market saw a significant 78% increase in revenue year over year, driven by the Rheinmetall contract.
- The government market also experienced a 31% revenue growth, benefiting from the absence of government probation that impacted activity last year.
- Despite higher revenues, BluMetric Environmental Inc (BLMWF) reported a net loss of $1.1 million for the fiscal quarter, compared to a net loss of $60,000 in the prior year.
- Adjusted EBITDA decreased to a loss of $0.6 million, primarily due to off-season results of DS Consultants and lower than anticipated margins with WaterTech USA.
- Operating expenses increased by $2.7 million, attributed to the DS Consultants acquisition, lower utilization due to a longer winter season, and higher corporate overhead.
- The company's stock is at a 52-week low, attributed to global geopolitical uncertainty and a general flight from small and micro-cap stocks.
- There is a perception of negative impact from AI on the professional services side of the business, contributing to stock performance concerns.
Good morning, ladies and gentlemen, and welcome to the BluMetric Environmental fiscal 2026 earnings conference call. (Operator Instructions) This call is being recorded on May 28, 2026.
I would now like to turn the conference over to Brandon Chow.
Thank you, operator. Welcome everyone to BluMetric Environmental's quarterly and annual earnings conference call. This call will cover BluMetric's financial and operating results for the 2026 second fiscal quarter ended March 31, 2026. Following our prepared remarks, we'll open the conference call to a Q&A session.
Our call today will be led by Scott MacFabe, BluMetric's CEO and Dan Hilton, the company's Chief Financial Officer. Before we begin with our formal remarks, I would like to remind everyone that some of the statements on this conference call may be forward-looking statements. Forward-looking statements may include, but are not necessarily limited to, financial projections or other statements of the company's plans,
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