Highlights:
-
Record annual revenues of $18.4 million, up 49% on FY21. Exchange rate fluctuations positively impacted comparative revenue accounting by $515k or 2.9%.
-
Pellet sales accounted for 70% of revenue and 55% of sales volume – pellet revenue was up 87% from FY21.
-
Powdered activated carbon (PAC) accounted for 30% of revenue and 45% of sales volume – PAC revenue was largely unchanged from FY21.
-
Annual gross margin of 34%, up from 28% in FY21 principally due to operational improvements and stronger sales from the pellet business line driven by higher customer demand.
-
Underlying EBITDA for FY22 was around breakeven, compared to FY21 EBITDA loss of $2.4m – representing a significant milestone for the Company.
For more information, download the attached PDF.
Download this document
