earnings
confidence high
sentiment positive
materiality 0.65
BioLargo reports record Q1 revenue, positive operating cash flow of $481K
BIOLARGO, INC.
- Q1 2024 revenue $4.76M, up 28% YoY and 9% QoQ; generated $481K positive operating cash flow.
- Net loss $775K including $623K non-cash equity comp; stockholder's equity rose from $4.2M to $5.1M.
- Launched water equipment subsidiary for PFAS treatment; appointed Sally Gutierrez, Jeffrey Kightlinger, Larry Dick to board.
- EPA finalized PFAS regulations expected to favor BioLargo's treatment technology due to high efficacy and low waste.