Anaergia Revenue Nearly Doubles to $63.9M, Backlog Hits $274.9M in Q2
ANRGF has more than doubled off its 52-week low of $0.646 on light trading volume (0.1× avg).
Summary
Anaergia's Q2 revenue surged 98% YoY to $63.9M, driven by capital project execution in Europe and North America. Adjusted EBITDA turned positive at $1.9M, marking the fourth straight quarter of profitability on that metric. The revenue backlog expanded to $274.9M after $66M in new contract wins, providing strong forward visibility. Net loss narrowed sharply to $2.1M from $9.5M a year ago. The results show accelerating commercial momentum and improving operating leverage in the waste-to-RNG space.
At the time of this announcement, ANRGF was trading at $1.73 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $299.2M. The 52-week trading range was $0.65 to $4.28. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.