Operations: The company's revenue is primarily derived from its Waste Management segment, which generated CA$34.02 million.

Market Cap: CA$25.47M

BluMetric Environmental Inc., with a market cap of CA$25.47 million, has shown financial improvement by becoming profitable this year, reporting net income for the third quarter and nine months ending June 30, 2024. Despite past shareholder dilution and low return on equity, the company maintains a strong balance sheet with short-term assets exceeding liabilities and more cash than total debt. Recent developments include securing an $830,000 contract to supply water purification systems to a remote First Nations community in British Columbia. The management team is seasoned with an average tenure of five years, providing stability amidst its growth trajectory.

• Click here and access our complete financial health analysis report to understand the dynamics of BluMetric Environmental.

• Examine BluMetric Environmental's past performance report to understand how it has performed in prior years.

Black Swan Graphene

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Black Swan Graphene Inc. focuses on producing and commercializing patented graphene products for industrial sectors in Canada, with a market cap of CA$28.66 million.

Operations: Black Swan Graphene Inc. has not reported any revenue segments.

Market Cap: CA$28.66M

Black Swan Graphene Inc., with a market cap of CA$28.66 million, remains pre-revenue and unprofitable. The company is debt-free and has sufficient cash runway for over a year, supported by short-term assets of CA$4.8M exceeding liabilities of CA$188K. Despite stable weekly volatility at 11%, the board's average tenure is relatively new at 2.2 years, though management shows experience with similar tenure. Recent earnings reports indicate reduced net losses compared to last year, reflecting some financial improvement despite ongoing challenges in achieving profitability and meaningful revenue generation in the near term.

• Click here to discover the nuances of Black Swan Graphene with our detailed analytical financial health report.

• Assess Black Swan Graphene's future earnings estimates with our detailed growth reports.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include CNSX:CAKE TSXV:BLM and TSXV:SWAN.

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