Last C$0.11 CAD
Change Today +0.01 / 10.00%
Volume 2.0K
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As of 9:52 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

xebec adsorption inc (XBC) Snapshot

Open
C$0.11
Previous Close
C$0.10
Day High
C$0.11
Day Low
C$0.11
52 Week High
04/17/14 - C$0.18
52 Week Low
11/14/13 - C$0.04
Market Cap
4.3M
Average Volume 10 Days
18.6K
EPS TTM
C$0.02
Shares Outstanding
39.4M
EX-Date
--
P/E TM
5.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for XEBEC ADSORPTION INC (XBC)

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xebec adsorption inc (XBC) Details

Xebec Adsorption Inc. designs, manufactures, and sells purification, separation, dehydration, and filtration equipment for gases and compressed air in Canada and internationally. The company offers biogas plants for the purification of biogas from agricultural digesters, landfill sites, and waste water treatment plants; natural gas dryers for natural gas vehicle refueling stations and for natural gas upgrading; hydrogen purification pressure swing adsorption (PSA) systems; helium purification PSA systems; and field gas purification systems. It also provides associated gas purification systems that enable diesel displacement on drilling sites; and filtration and separation equipment, including water separators for bulk water removal, coalescing filters for the removal of fine water droplets, and particulate filters used for the capture of particles. The company markets its products under the BGX Solutions, NGX Solutions, H2X Solutions, SGX Solutions, AGX Solutions, and FSX Solutions brands. Xebec Adsorption Inc. was founded in 1965 and is headquartered in Blainville, Canada.

87 Employees
Last Reported Date: 04/28/14
Founded in 1965

xebec adsorption inc (XBC) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: C$282.3K
Chief Financial Officer, Vice President and S...
Total Annual Compensation: C$185.8K
Compensation as of Fiscal Year 2013.

xebec adsorption inc (XBC) Key Developments

Xebec Adsorption Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Xebec Adsorption Inc. reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues of CAD 2.6 million compared to CAD 3.8 million for the same quarter in 2013, a 31.3% decrease compared to the same period in 2013. This decrease is due mainly to the CAD 1.4 million or 85.2% decrease in sales of the gas purification segment. Net loss of CAD 0.9 million or CAD 0.02 per share compared to a net loss of CAD 1.1 million or CAD 0.03 per share for the same period in 2013. LBITDA was CAD 784.587 million against CAD 982.445 million a year ago. The increased is mainly explained by the non-recurring provision of CAD 250,000 on two biogas projects during the first quarter 2013.

Xebec Adsorption Inc. Unveils New Filtration Products in California

Xebec Adsorption Inc. has launched a new range of filtration products in Long Beach, California. The new X-Series has been specifically designed for natural gas filtration and will complement the current filtration offerings from Xebec. Three new filter lines accommodate pressure ranges up to 290 psig, 725 psig and 6000 psig (20, 50 and 420 barg). The X-Series has been performance-validated according to ISO 8573 quality standards and ISO 12500 test methods by IUTA, an independent verification body. The X-Series filter range is a natural extension to its existing equipment and was created to fill the increasing demand for natural gas filters over the last several years. The X-Series will be available for sale in the US as of May 5, 2014 and will be introduced to the Asian market in third quarter of 2014 through Xebec's Shanghai operation. The X-Series will be supported by Xebec's experienced and growing filtration team in Canada and Houston and will come with all relevant certifications, such as ASME, CRN, PED, GB etc.

Xebec Adsorption Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Xebec Adsorption Inc. reported unaudited earnings results for the fourth quarter and year ended December 31, 2013. The company posted revenues of $2.8 million for the fourth quarter of 2013, a 51.1% decrease compared to $5.8 million in the fourth quarter of 2012. The decrease is mainly explained by the decline in the gas purification and the natural gas dryer segments, respectively by $2.8 million and $0.8 million, and partly offset by an increase of $0.7 million in the compressed gas filtration product line. The EBITDA for the fourth quarter of 2013 amounted to $1.5 million compared to $0.1 million in the fourth quarter of 2012. The improvement is mainly explained by the additional $1.7 million net proceeds received for the accomplishment of all the remaining milestones targeted in the sale agreement of the IP portfolio to Air Products. The net income for the fourth quarter of 2013 totaled $1.4 million, or $0.04 per share, compared to a net loss of $0.1 million, or nil per share for the same period in 2012. This increase of $1.5 million in net income is explained by a gain of $2.7 million in Q4-2013 on the final additional proceed pursuant to the agreement with Air Product, compared to a gain of $1.0 million in fourth quarter 2012 on an additional proceed related to this agreement, combined with decreases of $0.3 million in selling and administrative expenses and of $0.3 million in research and development expenses and net financial expenses, partly offset by a decrease in gross margin by $1.0 million. Revenues were $11.3 million for the twelve-month period ended December 31, 2013, compared to $15.2 million for the corresponding period in 2012. This decrease of $3.9 million is due mainly to the $5.5 million decline in sales in the gas purification segment, which was partly offset by increased sales in natural gas dryers and in compressed gas filtration respectively of $0.2 million and $1.8 million. For the twelve-month period ended December 31, 2013, the EBITDA amounted to $0.8 million compared to $3.3 million for the same period in 2012. For the twelve-month period ended December 31, 2013, net income was $0.4 million, or $0.01 per share, compared to a net income of $1.9 million, or $0.04 per share, for the same period in 2012, reflecting the additional nonrecurring gains on the disposition of the IP portfolio to Air Products of $4.5 million in 2013, compared to the non recurring proceeds of $6.4 million in 2012, and resulting from a decrease of gross margin by $1,5 million, partly offset by a decrease of $0.6 million in selling and administrative expenses, a decrease of $0.9 million in net financial expenses and an increase of $0.3 million in foreign exchange gain, compared to same period last year.

 

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