Biorem Inc. (V:BRM)
Business Focus: Purification & Treatment Equipment
| Sector: Industrials | Industry: Environmental Services & Equipment |
| Company Contact | |
| Address: | 7496 Wellington Rd. 34, R.R. #3 GUELPH ON N1H 6H9 |
| Tel: | N/A |
| Website: | https://www.biorem.biz |
| IR: | See website |
| Key People | ||
| Derek S. Webb President, Chief Executive Officer, Director | Douglas Newman Chief Financial Officer, Secretary | |
| Business Overview |
| Biorem Inc. is a Canada-based clean technology company. The Company designs, manufactures and distributes a line of air emissions control systems used to eliminate odors, volatile organic compounds (VOCs) and hazardous air pollutants (HAPs). It operates through one reportable segment, which involves the manufacture and sale of pollution control systems. Its solutions include BASYS and BiofiltAIR biofilter, MYTILUS biotrickling filter, multi-stage SYNERGY system, biogas desulfurization, dry scrubber adsorption systems and cannabis odor control. Its BASYS and BiofiltAIR biofilter systems are suited for odor control applications, especially when removing reduced sulfur compounds or VOCs. It offers biofiltration medias, which include BIOSORBENS, XLD, BIOPAK and BIOROLL & BIOBLOK. The Company's service solutions include system upgrades, preventative maintenance, and replacement and spare parts. Its other services dispersion modeling, permit applications and community outreach programs. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Biorem Inc revenues decreased 13% to C$25.2M. Net income increased 35% to C$2.2M. Revenues reflect Construction Contracts segment decrease of 13% to C$23.7M, Standard Products and Services segment decrease of 8% to C$1.4M, United States segment decrease of 20% to C$14.8M, China segment decrease of 92% to C$150K. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $32.65M as of Dec 31, 2023 |
| Annual revenue (TTM): | $25.17M as of Dec 31, 2023 |
| EBITDA (TTM): | $3.52M as of Dec 31, 2023 |
| Net annual income (TTM): | $2.18M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$0.06M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1.89M as of Dec 31, 2023 |
| Shares outstanding: | 15,697,437 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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