Montrose Q1 revenue $134.7M (+0.6% YoY); net loss narrows to $7.5M; reaffirms FY2022 guidance

Onterris, Inc.

2023-Q1 EPS reported -$0.39 revenue$134,680,000

Revenue $134.7M (up 0.6% YoY); growth driven by Water, Renewable Energy, GHG services; COVID-19-related revenue declined.
Net loss $7.5M (vs loss $12.9M YoY); net loss margin improved to (5.6)% from (9.7)%.
Adjusted EBITDA $16.5M vs $16.8M YoY; Total Operating Segments Adjusted EBITDA margin expanded to 17.8%.
Reiterates FY2022 guidance: revenue $520M-$570M; Adjusted EBITDA $73M-$78M.
Acquired Environmental Standards in Jan 2022; liquidity $218.8M including $93.8M cash.

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