Tuesday 17 November 2020

BioLargo's water technologies closer to commercialization, reports record 3Q

Source: Proactive Investors (https://ca.proactiveinvestors.com/companies/news/934217/biolargo-s-water-technologies-closer-to-commercialization-reports-record-3q-934217.html 

BioLargo, Inc (OTCQB:BLGO) CEO Dennis Calvert tells Proactive its 3Q financial results saw its revenue rise 26% year-over-year to a record $0.67 million. Calvert says the group is ramping up several of its water technologies to prepare for commercialization including the AOS and the AEC, which he says will lead to first sales.

What's more, its industrial operating divisions each have a backlog of revenue-generating projects that collectively exceed $2 million, which it says will provide “reliable revenue” into 2021.

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