{"id":468490,"date":"2021-03-31T08:03:49","date_gmt":"2021-03-31T12:03:49","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=468490"},"modified":"2021-03-31T08:03:49","modified_gmt":"2021-03-31T12:03:49","slug":"biorem-reports-2-1-million-earnings-for-fiscal-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/biorem-reports-2-1-million-earnings-for-fiscal-2020\/","title":{"rendered":"Biorem Reports $2.1 million Earnings for Fiscal 2020"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">GUELPH, ON<\/span>, <span class=\"xn-chron\">March 31, 2021<\/span> \/PRNewswire\/ &#8211; BIOREM Inc. (TSXV: BRM) (&#8220;Biorem&#8221; or &#8220;the Company&#8221;) today announced its results for the three and twelve-month periods ended <span class=\"xn-chron\">December 31, 2020<\/span>. Biorem&#8217;s complete fiscal 2020 year-end financial statements and MD&amp;A have been filed on SEDAR (<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3114313-1&amp;h=4277379313&amp;u=http%3A%2F%2Fwww.sedar.com%2F&amp;a=www.sedar.com\" rel=\"nofollow noopener noreferrer\">www.sedar.com<\/a>).<\/p>\n<p>\n        <b>FINANCIAL HIGHLIGHTS:<\/b>\n      <\/p>\n<p>\u00a0 <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnsbt0 prnsbr0 prnbcc prnsbb0 prnsbl0\">\n<tr>\n<td colspan=\"3\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0in &#8216;000&#8217;s except earnings per share<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Three-months ended<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Twelve-months ended<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">December 31<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">December 31<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2020<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2019<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2020<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2019<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Revenue<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7,934<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4,376<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">24,375<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">20,649<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Gross profit<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,653<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,183<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7,017<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4,864<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Operating\u00a0 expenses<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,229<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,936<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4,298<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">5,887<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Ebitda*<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,562<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1,995)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,042<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1,094)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net earnings (loss)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,133<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(2,123)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,089<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1,302)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">EPS &#8211; basic<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.03<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(0.06)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.05<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(0.03)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">EPS &#8211; fully diluted<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.03<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(0.06)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.05<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(0.03)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">* Earnings before interest, taxes and amortizaton, a non IFRS financial measure<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b>TWELVE MONTHS ENDED <span class=\"xn-chron\">DECEMBER 31, 2020<\/span><\/b>\n      <\/p>\n<p>For the twelve months ended <span class=\"xn-chron\">December 31, 2020<\/span> revenue totaled <span class=\"xn-money\">$24.3 million<\/span> compared to <span class=\"xn-money\">$20.6 million<\/span> for the same twelve months in 2019. Net earnings for the year were <span class=\"xn-money\">$2.1 million<\/span> compared to a net loss of <span class=\"xn-money\">$1.3 million<\/span> in 2019. Earnings per share for the year was <span class=\"xn-money\">$0.05<\/span> against a loss per share of <span class=\"xn-money\">$0.03<\/span> basic and fully diluted reported in 2019.<\/p>\n<p>Revenues of <span class=\"xn-money\">$24.4 million<\/span> for the year represented an 18.0% increase over revenues reported the previous year. The increase in revenue was largely the result of the increased order backlog of <span class=\"xn-money\">$31 million<\/span> on <span class=\"xn-chron\">January 1, 2020<\/span> compared to an order backlog of <span class=\"xn-money\">$21 million<\/span> on <span class=\"xn-chron\">January 1, 2019<\/span>. Gross profit for the year was <span class=\"xn-money\">$7.1 million<\/span>, a 44% increase from gross profit of <span class=\"xn-money\">$4.8 million<\/span> recorded for the year-ended <span class=\"xn-chron\">December 31, 2019<\/span>.<\/p>\n<p>Total operating expenses for the year were <span class=\"xn-money\">$4.3 million<\/span> a <span class=\"xn-money\">$1.6 million<\/span> decrease from operating expenses of <span class=\"xn-money\">$5.9 million<\/span> reported in 2019. The decrease in operating expenses was largely the result of <span class=\"xn-money\">$1.7 million<\/span> valuation allowance recorded against accounts receivable in <span class=\"xn-location\">China<\/span> in 2019 compared to net valuation allowance of <span class=\"xn-money\">$300,000<\/span> recorded in 2020.<\/p>\n<p>On <span class=\"xn-chron\">December 31, 2020<\/span> the Company had cash on hand of <span class=\"xn-money\">$8.9 million<\/span> and working capital of <span class=\"xn-money\">$10.5 million<\/span> compared to <span class=\"xn-money\">$6.5 million<\/span> and <span class=\"xn-money\">$8.6 million<\/span> respectively in <span class=\"xn-chron\">December 31<\/span>, 2019.\u00a0<\/p>\n<p>The Company has no long term debt. <\/p>\n<p>Total order bookings for the year were <span class=\"xn-money\">$27 million<\/span>, an 18% decrease in bookings over the <span class=\"xn-money\">$32.9 million<\/span> booked in 2019. The Company&#8217;s order backlog stood at <span class=\"xn-money\">$31.0 million<\/span> on <span class=\"xn-chron\">December 31, 2020<\/span> unchanged from <span class=\"xn-money\">$31.0 million<\/span> on <span class=\"xn-chron\">December 31, 2019<\/span>.<\/p>\n<p>&#8220;Management looks forward to the next phase of the Corporation&#8217;s development&#8221; said <span class=\"xn-person\">Derek S. Webb<\/span>, President and CEO.\u00a0 &#8220;A strong backlog; healthy bidding activity and a number of exciting new products ready for market release provides us with the tools necessary to achieve growth in the coming years &#8220;<\/p>\n<p>&#8220;The organization continues to carefully plan for customer and supply chain disruptions due to on-going pandemic restrictions.\u00a0\u00a0 While we expect some challenges with project delivery in 2021,\u00a0\u00a0 a number of new initiatives are underway with results expected to begin to be realized towards the end of the year.\u00a0 All in all, a very exciting period for our company.&#8221;<\/p>\n<p>\n        <b>Three Months ended <span class=\"xn-chron\">December 31, 2020<\/span><\/b>\n      <\/p>\n<p>Revenue in the fourth quarter of 2020 was <span class=\"xn-money\">$7.9 million<\/span> compared to <span class=\"xn-money\">$3.6 million<\/span> in the previous quarter and <span class=\"xn-money\">$4.4 million<\/span> in the fourth quarter of 2019. The significant increase in the 2020 fourth quarter revenues compared to the previous quarters was largely due to differences in project delivery time lines in the quarters and to some project delivery delays in the prior quarters. Orders booked in the quarter totaled <span class=\"xn-money\">$5.1 million<\/span>. <\/p>\n<p>Gross profit of <span class=\"xn-money\">$3.7 million<\/span> in the fourth quarter amounted to 46% of revenue, which was significantly higher than the 17.5 % gross profit margin in the previous quarter and the 27% achieved in the same quarter the prior year. The increased margin was the result of the higher revenues recorded in the quarter without any increase in engineering or project management overhead costs.<\/p>\n<p>Total operating expenses (net of other income) for the quarter were <span class=\"xn-money\">$2.2 million<\/span> a 24% decrease from the operating expenses of <span class=\"xn-money\">$2.9 million<\/span> incurred during the fourth quarter of 2019. The comparative decrease from the fourth quarter a year ago was due to a <span class=\"xn-money\">$1.0 million<\/span> reduction in valuation provisions recorded in the quarter offset by an increase in compensation and commission expenses. <\/p>\n<p>Ebitda loss for the quarter was <span class=\"xn-money\">$1.6 million<\/span> compared to ebitda loss of <span class=\"xn-money\">$2.0 million<\/span> in the fourth quarter of 2019. <\/p>\n<p>Net earnings for the quarter were <span class=\"xn-money\">$1.1 million<\/span> compared to a net loss of <span class=\"xn-money\">$2.1 million<\/span> in the fourth quarter of 2019. <\/p>\n<p>\n        <b>About BIOREM Inc. <\/b>\n      <\/p>\n<p>BIOREM is a leading clean technology company that designs, manufactures and distributes a comprehensive line of high-efficiency air emissions control systems used to eliminate odors, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs). With sales and manufacturing offices across the continent, a worldwide sales representative network and more than 1,400 installed systems worldwide, BIOREM offers state-of-the-art technology-based products and peace of mind for municipalities, industrial companies and their surrounding communities. Additional information on Biorem is available on our website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3114313-1&amp;h=1087536671&amp;u=http%3A%2F%2Fwww.biorem.biz%2F&amp;a=www.biorem.biz\" rel=\"nofollow noopener noreferrer\">www.biorem.biz<\/a>.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO27412&amp;sd=2021-03-31\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/biorem-reports-2-1-million-earnings-for-fiscal-2020--301259495.html\">http:\/\/www.prnewswire.com\/news-releases\/biorem-reports-2-1-million-earnings-for-fiscal-2020&#8211;301259495.html<\/a><\/p>\n<p>SOURCE  Biorem Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=TO27412&amp;Transmission_Id=202103310800PR_NEWS_USPR_____TO27412&amp;DateId=20210331\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire GUELPH, ON, March 31, 2021 \/PRNewswire\/ &#8211; BIOREM Inc. (TSXV: BRM) (&#8220;Biorem&#8221; or &#8220;the Company&#8221;) today announced its results for the three and twelve-month periods ended December 31, 2020. Biorem&#8217;s complete fiscal 2020 year-end financial statements and MD&amp;A have been filed on SEDAR (www.sedar.com). FINANCIAL HIGHLIGHTS: \u00a0 \u00a0in &#8216;000&#8217;s except earnings per share Three-months ended Twelve-months ended December 31 December 31 2020 2019 2020 2019 Revenue 7,934 4,376 24,375 20,649 Gross profit 3,653 1,183 7,017 4,864 Operating\u00a0 expenses 2,229 2,936 4,298 5,887 Ebitda* 1,562 (1,995) 3,042 (1,094) Net earnings (loss) 1,133 (2,123) 2,089 (1,302) EPS &#8211; basic 0.03 (0.06) 0.05 (0.03) EPS &#8211; fully diluted 0.03 (0.06) 0.05 (0.03) * Earnings before interest, taxes and amortizaton, a non &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/biorem-reports-2-1-million-earnings-for-fiscal-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Biorem Reports $2.1 million Earnings for Fiscal 2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-468490","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Biorem Reports $2.1 million Earnings for Fiscal 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/biorem-reports-2-1-million-earnings-for-fiscal-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Biorem Reports $2.1 million Earnings for Fiscal 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire GUELPH, ON, March 31, 2021 \/PRNewswire\/ &#8211; BIOREM Inc. (TSXV: BRM) (&#8220;Biorem&#8221; or &#8220;the Company&#8221;) today announced its results for the three and twelve-month periods ended December 31, 2020. Biorem&#8217;s complete fiscal 2020 year-end financial statements and MD&amp;A have been filed on SEDAR (www.sedar.com). FINANCIAL HIGHLIGHTS: \u00a0 \u00a0in &#8216;000&#8217;s except earnings per share Three-months ended Twelve-months ended December 31 December 31 2020 2019 2020 2019 Revenue 7,934 4,376 24,375 20,649 Gross profit 3,653 1,183 7,017 4,864 Operating\u00a0 expenses 2,229 2,936 4,298 5,887 Ebitda* 1,562 (1,995) 3,042 (1,094) Net earnings (loss) 1,133 (2,123) 2,089 (1,302) EPS &#8211; basic 0.03 (0.06) 0.05 (0.03) EPS &#8211; fully diluted 0.03 (0.06) 0.05 (0.03) * Earnings before interest, taxes and amortizaton, a non &hellip; Continue reading &quot;Biorem Reports $2.1 million Earnings for Fiscal 2020&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/biorem-reports-2-1-million-earnings-for-fiscal-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-31T12:03:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO27412&amp;sd=2021-03-31\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/biorem-reports-2-1-million-earnings-for-fiscal-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/biorem-reports-2-1-million-earnings-for-fiscal-2020\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Biorem Reports $2.1 million Earnings for Fiscal 2020\",\"datePublished\":\"2021-03-31T12:03:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/biorem-reports-2-1-million-earnings-for-fiscal-2020\\\/\"},\"wordCount\":746,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/biorem-reports-2-1-million-earnings-for-fiscal-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=TO27412&amp;sd=2021-03-31\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/biorem-reports-2-1-million-earnings-for-fiscal-2020\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/biorem-reports-2-1-million-earnings-for-fiscal-2020\\\/\",\"name\":\"Biorem Reports $2.1 million Earnings for Fiscal 2020 - 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(TSXV: BRM) (&#8220;Biorem&#8221; or &#8220;the Company&#8221;) today announced its results for the three and twelve-month periods ended December 31, 2020. Biorem&#8217;s complete fiscal 2020 year-end financial statements and MD&amp;A have been filed on SEDAR (www.sedar.com). FINANCIAL HIGHLIGHTS: \u00a0 \u00a0in &#8216;000&#8217;s except earnings per share Three-months ended Twelve-months ended December 31 December 31 2020 2019 2020 2019 Revenue 7,934 4,376 24,375 20,649 Gross profit 3,653 1,183 7,017 4,864 Operating\u00a0 expenses 2,229 2,936 4,298 5,887 Ebitda* 1,562 (1,995) 3,042 (1,094) Net earnings (loss) 1,133 (2,123) 2,089 (1,302) EPS &#8211; basic 0.03 (0.06) 0.05 (0.03) EPS &#8211; fully diluted 0.03 (0.06) 0.05 (0.03) * Earnings before interest, taxes and amortizaton, a non &hellip; Continue reading \"Biorem Reports $2.1 million Earnings for Fiscal 2020\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/biorem-reports-2-1-million-earnings-for-fiscal-2020\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-31T12:03:49+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO27412&amp;sd=2021-03-31","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/biorem-reports-2-1-million-earnings-for-fiscal-2020\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/biorem-reports-2-1-million-earnings-for-fiscal-2020\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Biorem Reports $2.1 million Earnings for Fiscal 2020","datePublished":"2021-03-31T12:03:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/biorem-reports-2-1-million-earnings-for-fiscal-2020\/"},"wordCount":746,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/biorem-reports-2-1-million-earnings-for-fiscal-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO27412&amp;sd=2021-03-31","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/biorem-reports-2-1-million-earnings-for-fiscal-2020\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/biorem-reports-2-1-million-earnings-for-fiscal-2020\/","name":"Biorem Reports $2.1 million Earnings for Fiscal 2020 - 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