BioLargo reports record Q1 2022 revenue of ~$900k; awarded feasibility contract for waste-to-energy plant

BIOLARGO, INC.

Q1 2022 revenue approx. $900k, up ~60% YoY; ONM Environmental record ~$550k, engineering subsidiary ~$350k.
Awarded feasibility study contract for a waste-to-energy conversion plant in South America, site ~296 acres, processing >2M tons MSW annually.
Potential total capital outlay for plant could exceed $500M; if developed, could keep BioLargo team busy for ~4 years.
Additional channel partnerships for PFAS treatment system in negotiation; partnerships with Garratt-Callahan and Ikigai.
Preliminary revenue figures unaudited and subject to change; full Q1 report expected May 16, 2022.

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