The Canadian environmental services firm reported Q3 revenue of C$20.9M, up from C$14.7M a year earlier.
BluMetric Environmental reported a third-quarter loss of C$0.01 per share, matching its year-ago loss, as revenue surged 43% to C$20.9M from C$14.7M. The company attributed the growth to stronger demand across its Professional Services segment.
In the same period last year, BluMetric recorded a loss of C$0.01 per share on revenue of C$14.7M. The company expects Q4 to be its strongest quarter for Professional Services due to seasonal trends, with DS Consultants historically contributing significant revenue and EBITDA.
No immediate market reaction was disclosed in the release.