- Earth Alive (EAC) has reported its highest year-to-date Q3 revenues in company history
- Revenues increased to C$2,792,493 for the nine months ended September 30, 2021, compared to C$2,112,631 in 2020
- Revenues after nine months are now higher than all of 2020
- Earth Alive Clean Technologies is a soil health company that offers microbial technologies
- Earth Alive (EAC) is unchanged trading at $0.10 per share
Earth Alive (EAC) has reported its highest year-to-date Q3 revenues in company history.
Business highlights
- US$180,000 Soil Activator sale to a new customer in California announced and completed during Q3
- US$500,000 EA1 dust supressant purchase order announced in September, the client’s sixth consecutive order since November 2018 destined for its Mexico-based mine
Financial highlights
- Revenues increased to C$2,792,493 for the nine months ended September 30, 2021, compared to C$2,112,631 in 2020
- Revenues after nine months are now higher than all of 2020
- Nine-month gross margin of 29.2 per cent compared to 30 per cent in 2020
- Cash flows used in operating activities improved to C$683,137 for the first nine months of 2021, compared to C$950,087 in 2020
- Total operating expenses of C$1,527,235 for the nine-month period ended September 30, 2021, down from C$1,602,434 in 2020, driven by lower travel-related expenses as well as the internalization of previously outsourced functions
Earth Alive Clean Technologies is a soil health company that offers microbial technologies.
Earth Alive (EAC) is unchanged trading at $0.10 per share as of 1:01 pm ET.
