Overview
Anaergia Inc, which provides integrated waste-to-resource solutions, posts about 37% growth in Q2 revenue
Gross profit margin rises to 32.5%, reflecting improved segment margins
Revenue backlog increases to C$244 mln, indicating positive future prospects
Outlook
Anaergia sees strong demand for sustainable waste solutions driving future growth
Company expects regulatory and environmental tailwinds to support business expansion
Result Drivers
CAPITAL SALES - Revenue growth primarily driven by higher Capital Sales in Italy and North America
GROSS PROFIT MARGIN - Increased gross profit margin across all segments contributed to improved financial results
REVENUE BACKLOG - Revenue backlog surged to CAD 244 mln, enhancing future visibility and optimism
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | C$32.3 mln | C$27 mln (1 Analyst) |
Q2 Adjusted EBITDA |
| -C$2.20 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the environmental services & equipment peer group is "buy."
Wall Street's median 12-month price target for Anaergia Inc is C$1.30, about 3.8% below its August 12 closing price of C$1.35
Press Release: ID:nBw1HKlXRa