BLGO - Biolargo estimates record Q1 revenue bags initial contract for waste-to-energy conversion plant project

Specialty chemicals company Biolargo (OTCQB:BLGO) estimated ~$900K in Q1 revenue, up ~60% y/y and a new company-wide quarterly revenue record. The subsidiary ONM Environmental generated a new quarterly revenue record of ~$550K. The unit Biolargo Engineering generated quarterly revenue of ~$350K. Biolargo said the 2 subsidiaries have now moved closer to generating an operating profit. The company intends to file Q1 results with the U.S. SEC on about May 16. Additionally, the company has been awarded an initial contract for a waste-to-energy conversion plant project. A Southern California based sustainable energy services company expects the engineering unit to conduct a feasibility study on building the proposed conversion plant in South America. The site, where over 2M tons of municipal solid waste is planned to process annually, is ~296 acres in size. Biolargo's engineers are expected to get involved in subsequent phases also, if the project advances from the feasibility study phase as planned. The

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Biolargo estimates record Q1 revenue, bags initial contract for waste-to-energy conversion plant project