Research from Atrium Research, Atrium Research Corporation

Atrium Research

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis.

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Equity Bottom-Up

<ul><li>What you need to know: • BQE reported Q2 financial results including prop.</li><li>revenue of $11.3M (-13% YoY) compared to our estimate of $13.1M and adjusted EBITDA of $2.4M (flat YoY, 22% margin) vs. our expected $3.3M.</li><li>• The key standout of the quarter was operations services revenue which was up 167% YoY, representing 27% of revenue.</li></ul>

What you need to know: • BQE reported Q2 financial results including prop.revenue of $11.3M (-13% YoY) compared to our estimate of $13.1M and adjusted EBITDA of $2.4M (flat YoY, 22% margin) vs. our expected $3.3M.• The key standout of the quarter was operations services revenue which was up 167% YoY, representing 27% of revenue.

BQE: Solid Quarter Given Tough Comparable Period; Positive Outlook

BQE Water

BQE: Solid Quarter Given Tough Comparable Period; Positive Outlook