Core Insights - BluMetric Environmental Inc. experienced a transformative fiscal year 2025, achieving approximately 80% revenue growth year-over-year, with significant contributions from Gemini Water and Military WaterTech products [3][6][9] Financial Highlights - Total revenue for fiscal year 2025 was $62.6 million, compared to $34.8 million in fiscal year 2024, marking a substantial increase [6][13] - Fourth quarter revenue reached $18.0 million, up from $11.1 million in the same quarter of 2024 [6][13] - Gross margin for fiscal year 2025 decreased to 29% from 40% in fiscal year 2024, and for the fourth quarter, it was 23% compared to 34% in the prior year [6][13] - Adjusted EBITDA for fiscal year 2025 was $2.4 million, an increase from $2.0 million in the previous year, while fourth quarter adjusted EBITDA decreased to $0.2 million from $0.5 million [6][13] - The company recorded a net loss of $2.3 million for fiscal year 2025, compared to net earnings of $0.1 million in fiscal year 2024 [6][13] Business Highlights - Significant revenue growth of 62% year-over-year in the fourth quarter was primarily driven by the production of Rheinmetall Mission Ready Water systems and the full consolidation of Gemini Water [4][6] - The Military market revenues increased by 38% due to refurbishment projects for the Canadian Department of National Defence [8] - The Commercial & Industrial revenue surged by 233% year-over-year, largely attributed to the acquisition and organic growth of Gemini Water [6][7] Business Outlook - The company aims to achieve $100 million in annual revenues, focusing on profitable expansion through scale and operating leverage [9][10] - Fiscal 2026 will involve leveraging expanded manufacturing facilities and establishing a higher base of recurring revenue through operations and maintenance contracts [10][11] - The integration of DS Consultants is expected to enhance the Professional Services division and contribute to growth targets over the next three years [11][12]