UGE Enjoys a Spectacular Quarter: $UGE.V

Credit where credit is due, one of our Venture favourites, UGE International ($UGE.V $UGEIF) just published their first quarter results for 2017. Solar is growing fast, and UGE’s quarter is a reflection of the industry’s runway, which is blowing away expectations. UGE concentrates on the commercial/mid-scale solar sector, and their niche is more like an amazon warehouse. It just keeps on giving.

UGE enjoyed Q1 revenues of USD$5.5 million, almost equal to their entire fiscal 2016 revenue of USD$5.8 million, and 10X greater than their Q1 2016 result of USD$0.5 million.  

At the end of the quarter their backlog of orders stood at USD$31.6 million, which has further grown in the second quarter through a contract with Nature’s Spring in the Philippines, and from the acquisition of Carmanah’s on-grid solar business.  

They are cash flow positive in the quarter, generating USD$665,000 of cash during the period. Congrats to the UGE team!

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~Disclaimer~

This is not in any way investment advice nor any sort of stock recommendation. Please do your own due diligence and talk to a qualified investment advisor.

The contents of this article are for informational purposes only.  Nothing in this article, in any way whatsoever, should be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy, hold or sell any security. Note the inherent risks when investing in microcap stocks. Prior to making any investment decision, we recommend that you seek outside advice from a qualified and registered investment advisor.

UGE International Ltd. is not a client nor an advertiser. One or more of the Stock Syndicate owners does own shares in UGE International Ltd.

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