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Clear Blue Technologies Announces 2021 Q1 Financial Results

Q1 Revenue of $3,459,007, Gross Margin of 22%, Adjusted EBITDA of $(416,969)TORONTO, May 27, 2021 (GLOBE NEWSWIRE) Clear Blue Technologies International Inc. (“Clear Blue”) (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF), the Smart Off-Grid™ Company, today announces its financial results for the quarter ended March 31, 2021, with the following highlights: Key Financial Results (all figures in Canadian dollars) On a Trailing Four Quarter basis: TFQ Revenue was $7,244,647, an 87% increase over the previous TFQ period;Gross profit for TFQ was $1,941,028 or 27%, a 125% increase from the previous period ($862,030 or 22%);Operating expenses for the TFQ ended March 31, 2021, were $4,389,751, a decrease of $1,026,854 or 19% compared to the same period in 2020;Non-IFRS Adjusted EBITDA for the TFQ was $(3,103,830) compared to $(3,673,380) for the previous TFQ. This 16% improvement resulted from higher revenue with improved margins of 27% compared to 22% for the comparative TFQ of 2 ....

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