Kiss of death or a winner in 2023?......
From *...
Liquid assets
Speaking of the essential liquid, the US based wastewater treatment mob Fluence (FLC) is an on-trend stock as far as ESG investing goes, but the shares have largely been unloved despite the company’s progress in securing global sales.
Fluence has a suite of patented and old-school treatment techniques, with a focus on build-own-operate contracts and other recurring revenue.
Fluence reported September (third) quarter revenue of $US29 million, 33 per cent higher with calendar year to date turnover of $US93 million, 39 per cent higher.
The company also lost $US7.2 million in the quarter and has launched a high falutin’ operational improvement program based on excising 10 per cent of its cost base ($US3 million).
With $US5 million of cash versus a $110 million market cap, Fluence does not look extravagantly valued, but we would like to see more of the top line growth flow to profits.
Add to My Watchlist
What is My Watchlist?
