BHTG - BioHiTech Global -2.2% despite strong and growing FY results

BioHiTech Global ([[BHTG]] -2.2%) reports FY revenue increase by 39.3% Y/Y to$5.9M beating consensus by $1.2M.Revenues from Digester and Equipment sales increased 81.7% Y/Y to $3.88M and from High Efficiency Biological Treatment services also increased to 69% Y/Y to $1.88M.An increase in equipment sales costs of $1.11M related to the increase in equipment sales that also resulted in an increase in the contribution margin from 39% to 46% in 2020.In March, BioHiTech receives ~$1.8M in new food waste digester orders from Carnival Corp. extending into new brands and geographies; latest purchase orders extend to UK-based Cunard and Italy-based Costa Group.And in Jan. receives ~$2M in new food waste digester orders for ships from Carnival Cruise Lines and Princess Cruises."The positive momentum we saw in the back half of 2020 has continued in the new year. As such, we expect growth of new and existing customers will continue to offset the COVID-related

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BioHiTech Global -2.2% despite strong and growing FY results