BluMetric Announces Q3 2025 Consolidated Financial Results

Core Viewpoint - BluMetric Environmental Inc. reported significant revenue growth in Q3 2025, driven by its WaterTech business and military contracts, despite challenges in the Professional Services segment [3][4][11]. Financial Highlights - Revenue for Q3 2025 was $14.7 million, up from $8.1 million in Q3 2024, and year-to-date revenue reached $44.6 million compared to $23.8 million in the prior year [9]. - Gross margin for Q3 2025 was 36%, down from 44% in Q3 2024, primarily due to changes in revenue mix following the acquisition of Gemini [9]. - EBITDA for Q3 2025 was $0.3 million, slightly down from $0.4 million in Q3 2024, attributed to project delays in Professional Services [9]. - The net loss for Q3 2025 was $0.5 million, compared to net earnings of $0.0 million in the same quarter of the previous year [9]. Business Highlights and Outlook - The WaterTech segment has seen a shift in revenue mix, with a focus on achieving a balance between WaterTech and Professional Services for diversification and profitability [7]. - The Military market experienced a 76% revenue increase, supported by new contracts and production ramp-up [5]. - The Canadian government's increased defense spending is expected to drive further growth in the Military market, despite delays in securing significant contracts [6]. - Professional Services faced project delays due to government prorogation and elections, leading to historically low utilization rates [8]. Operational Developments - Significant investments were made in a new manufacturing facility in Gainesville, Florida, and key hires were made to support growth in the Gemini segment [4]. - The company is assessing potential acquisitions in Professional Services to enhance its offerings and operations [10].