Tuesday, October 28, 2025

Xebec Adsorption Hits $32.7 Million In Revenue, $7.5 Million Net Loss In Q2 2021

Xebec Adsorption Inc. (TSX: XBC) announced today its financial results for Q2 2021, which recorded $32.7 million in revenue. This is an increase from Q1 2021’s $20.6 million and Q2 2020’s $19.6 million.

The clean energy firm relayed that the increase is mainly due to the result of acquisitions made in 2020 and 2021, including ACS, HyGear, Inmatec, and several service companies. However, this revenue contribution is partially offset by lower revenues coming from the company’s long-term production-type renewable natural gas projects.

“While we still saw a meaningful impact from our legacy production-type RNG contracts, I am happy to report that this impact will be reduced going forward,” Xebec Adsorption CEO Kurt Sorschak said in a statement.

The company continued to record a net loss for the quarter amounting to $7.5 million compared to last quarter’s net loss of $9.2 million and last year’s net loss of $0.8 million. This net figure translates to $0.05 loss per share.

At quarter’s end, the firm’s cash and restricted cash balance is at $79.9 million compared to its balance at the start of the year of $168.6 million.

While the company’s revenue guidance stays to be between $110 and $130 million, adjusted EBITDA margins are being lowered to a negative range of -3.0% to -4.0%. The company further reasons that the adjusted EBITDA margins are being impacted by new investments and lower gross margins from RNG projects. For Q2 2021, adjusted EBITDA came in at a loss of $4.6 million compared to a loss of $0.1 million last year.

Xebec Adsorption last traded at $3.75 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Related News

Xebec Adsorption: BMO Cuts Price Target To Just $0.85 After Poor Q2 Margins

Xebec Adsorption (TSX: XBC) yesterday announced its second quarter financial results. The company announced revenues...

Saturday, August 13, 2022, 03:04:00 PM

Xebec Adsorption Reports Q4 2020 Revenues Of $6.4 Million, Net Loss Of $28.3 Million

Xebec Adsorption (TSX: XBC) this morning reported its fourth quarter financial results. The company reported...

Thursday, March 25, 2021, 08:57:12 AM

Market Movers: Industrial Accessories Edition

Cematrix Corp. Two of the TSX Venture volume leaders caught our attention this week out...

Friday, February 14, 2020, 02:27:32 PM

Xebec: Canaccord Views Three Year Plan As Ambitious, Without Risk

After an uneventful and lackluster quarter, Xebec Adsorption (TSX: XBC) provided investors with a three-year...

Friday, April 1, 2022, 03:43:00 PM

Xebec Enters Hydrogen Fuel Supply Agreement In Netherlands

Xebec Adsorption (TSX: XBC) this morning issued a brief news release, indicating that it has...

Wednesday, May 26, 2021, 07:27:47 AM