Mycelx Technologies beats annual guidance after strong December

Writer, Stock Market Wire
Wednesday, February 13, 2019 - 13:18

Clean-water technology company for the energy and industrial sectors Mycelx Technologies Corporation said it had beaten its profit expectations following a strong December.

The company said it exceeded previous guidance for the year through December by achieving $27.0m in revenue, $5.6m of Ebitda and $3.1 in net profit.

The beat came thanks to 'an increase in activity in the final month of the year'.

The company said its previous revenue guidance was $21.5m-to-$22.5m.

'Subject to current market conditions continuing, the company expects its ongoing momentum will raise 2019 revenue higher than the record levels achieved in 2018,' it added.

At 1:18pm: (LON:MYX) MyCelx Technologies Corporation share price was +45p at 245p

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