BQE Water Inc
XTSX:BQE

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BQE Water Inc
XTSX:BQE
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Price: 71 CAD -2.74% Market Closed
Market Cap: CA$92.3m

BQE Water Inc
Investor Relations

BQE Water, Inc. engages in the provision of water treatment and management for the mining and metallurgical industry. The company is headquartered in Vancouver, British Columbia. The firm manages mine wastewaters and metallurgical bleed streams. The firm provides various technology solutions, including metals, sulphate, selenium and Cyanide/SART. Its metal technology includes BioSulphide & ChemSulphide and Met-IX. Its sulphate technology includes Sulf-IX and Sulf-IXC, and Sulf-IX and Sulf-IXC Mobile Pilot Plant. Its Selenium technology includes Selen-IX and Selen-IX Mobile Pilot Plant. Its Cyanide/SART technology includes SART. Its processes remove metals to meet ultra-low discharge limits, recover metals. Its technologies selectively remove sulphate without producing liquid brine waste and recover approximately 95% of water. Its technology solution selectively removes selenium from mine waters to less than one parts per billion, produces only a small quantity of non-hazardous solid by-product.

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BQE
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Last Earnings Call
Fiscal Period
Q3 2022
Call Date
Nov 28, 2022
AI Summary
Q3 2022

Revenue Growth: The company added new recurring services revenue from its Yukon operation in Q3, increasing proportional revenue by $205,000 compared to last year.

Profitability: Net income for Q3 was EUR 573 million, and adjusted EBITDA reached $1.4 million.

Strong Cash Position: Working capital rose to $7 million and proportional cash, including joint ventures, reached $9.7 million by quarter-end.

Recurring Revenue Focus: Recurring revenue now makes up about 25%–30% of total revenue, with plans for further growth as new plants come online.

Capital Allocation: Management is seriously considering share buybacks and dividends, but is waiting for sustained performance before committing.

China Exposure: The company continues to repatriate profits from China successfully but acknowledges ongoing risks due to possible regulatory changes.

Strategic Positioning: The company is being invited into larger industry clean-up projects and continues to seek accretive acquisitions.

Key Financials
Net Income
EUR 573 million
Adjusted EBITDA
$1.4 million
Working Capital
$7 million
Proportional Cash (including JV share)
$9.7 million
Recurring Revenue
close to $3 million per year (Canadian)
Other Earnings Calls
2022

Management

Mr. Peter Gleeson
Executive Chairman
No Bio Available
Dr. David Kratochvil P.Eng, P.Eng., Ph.D.
President, CEO & Director
No Bio Available
Mr. Heman Wong CPA, CGA
CFO & Corporate Secretary
No Bio Available
Mr. Sam Leung
Chief Operating Officer
No Bio Available

Contacts

Address
BRITISH COLUMBIA
Vancouver
900 Howe St Suite 250
Contacts
+16046851243.0
www.bqewater.com