Highlights

    • Q2-2023 revenue was up 9% YoY. EPS improved YoY, from -$0.05 to – $0.02. Both revenue and EPS were in line with our estimates. Gross margins and free cash flows improved as well.
    • Revenue growth came from increased rental rates, as well as the deployment of additional lighting and wastewater treatment units in the U.S. and Canada.
    • A highlight of the quarter was the sale of lighting systems to a client in an area this company had never served before. The company’s immediate goal is to expand its presence to new regions in North America. Earlier this year, the company introduced new lighting and wastewater treatment products. We believe these initiatives should contribute to near-term revenue growth.
    • Upcoming catalysts include strong Q3 results, and increased CAPEX budgets at oil and gas companies. We expect this company to turn profitable this year.
        • This report is currently available to premium subscribers – Free subscribers will gain access on Aug 17th, 2022
          Join as a FREE member and get our research report delivered straight to your inbox, with a seven-day delay

Visit Cleantek Industries Inc. page for more research, discussion boards and to like, and share.


Are you enjoying the highlights?

Discover the company's fair value estimate from our certified analysts, identify potential risks, and explore exciting upcoming catalysts in our detailed report.

Already a member? Sign In