Anaergia Inc (TOR: ANRG) is a Canadian based company, with their focus on clean energy, fertiliser, recycling water from waste streams, and the conversion of waste into resources, such as biogas. They offer a range of in depth resource recovery technologies for the municipal, industrial, commercial, and agricultural markets. Recent activity includes a deal with Eqtec to build a waste-to-energy plant in Merseyside, UK - with the recovered organics from 80,000 tonnes of municipal waste turned into biomethane per year, which is then injected into the national gas transmission system.
The positives of Anaergia’s income statement is they achieved a record revenue of C$153.58m in FY2021, which has increased incrementally since their FY2018 revenue of C$63.54. Their net income has improved from a (C$22.69m) loss in FY20 to a (C$11.21m) loss in FY21, while also having previously achieved a net profit of C$8.72m in FY2019, before covid onset.
Their FY21 net income margin was a (7.3%) loss, edging towards break even. According to their most recent Q1 for FY2022 released May 12th, Anaergia saw a revenue of C$40m and a net loss of (C$9.20) for the quarter - representing a worsening net income margin of (23%) loss.
The positives of Anaergia’s balance sheet is their most recent quarter posted record total assets of C$709m, however, their total debt also increased to C$235m - equalling a debt-to-assets margin of 33.1% (higher than their FY21 figure of 31.4%). Cash levels for the current quarter have decreased to C$50m from a recent high of C$170m in last year's Q2, however, they’re still up YoY by C$16m.
When comparing FY19 - FY21, both total assets and total cash have increased significantly each year, while debt has been fairly controlled, with a similar figure to the current levels of C$218m in FY19.
Anaergia's next earnings is released on approximately Sep 06, 2022.