09:59 AM EDT, 08/25/2025 (MT Newswires) -- BioRem ( BIRMF ) was up 10% at last look on Monday after saying second-quarter net earnings more than doubled on higher revenue, and it expects backlog to support strong revenues and earnings in the second half of the year.

The company, which manufactures air emissions control systems used to eliminate odors, and hazardous air pollutants said net earnings jumped to near $0.75 million, or $0.046 per basic and $0.04 per fully diluted share, from $0.34 million, or $0.021 and $0.018 per diluted share.

Quarterly revenue increased by 29% to $9.4 million, due to higher number of orders received.

During the quarter, Biorem ( BIRMF ) booked $7.4 million in new orders, resulting in an order backlog of $61 million on June 30, compared to an order backlog of $57 million on June 30, 2024. The company expects this backlog to support strong revenue and earnings in the second half of the year.

Among other highights, cash on hand at June 30, 2025 fell to $7.7 million. Earnings from operating activities during the quarter generated $1.2 million of cash and net increases in non-cash working capital items used $2.5 million of cash reserves. Working capital at June 30, 2025 stood at $10 million.

"We were able to successfully overcome the logistical challenges we experienced earlier in the year, allowing us to accelerate shipments to our international customers during the second quarter", said Derek Webb, president and chief executive officer. "This has helped meet our initial forecasts for delivery and minimizes the impact to our customers' schedules. We expect to continue this pace in the second half of the year as we continue to export to China, the Middle East and South East Asia."

Webb added: "Bidding activity continues to be robust and management is pleased at the size of the outstanding opportunities in the domestic and international market segments. We expect our focus on offering both technologies and integrated service solutions to continue to produce tangible results and drive growth over the next several quarters."

Price: 2.30, Change: +0.22, Percent Change: +10.58