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Xebec 3Q20 results and new CFO -3
08:22 10-Nov-20
Xebec Adsorption has
announced
its third quarter results:
- a loss of 2 cents per share misses by 3
cents
- from $18.4M of revenue, which beats
by $1M
- FY20 revenue guidance by reduced by
$10M to $75+/-5M
Xebec encountered delivery delays and increased expenses due to the
pandemic. Like me, it expects these to persist until the second
half of next year. The company is also
replacing
its retiring CFO and it remains on track to uplist to the main TSX
exchange around year-end. There is no comment on integration costs
that I was concerned about, but we will see what can be heard in the
conference call at 11am. I will send any notes on that and
Westport's call afterward.
CrowdWisers™