BHTG - Earnings call transcript Q4 2018 | Renovare Environmental, Inc.

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Operator

Good day ladies and gentlemen and thank you for standing by. Welcome to BioHiTech Global Year-End 2018 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

are call that the prepared during contain statements the to I remarks turn and forward-looking listeners risks remind the that I over company, to want may uncertainties. Before to subject call, management's Management to questions may today. response your make looking in forward additional statements in XXXX. Therefore, the contained under Securities Litigation for forward-looking Safe company Private Harbor Reform claims statements protection the Act of uncertainties you of results may today and and refer differ these will discussion detailed from discussed the with to results filings more Actual we a company's the in risks therefore SEC.

conditions by financial the Galterio, assumes In April call as included the projections webcast as update for Xst, changed. Vice as on now addition information in at www.biohitech.com market today, I this Richard obligation Relations' turn no BioHiTech. any like company's This go to future to Mr. of provided Mr. projections available company Executive performance in represented Investor to future these Galterio. are management page. XXXX will ahead President to Please over and call the and the certain estimates the

Richard Galterio

Thank XXXX results call. afternoon again listeners. you financial conference BioHiTech the operator and to good year-end Welcome

Officer we'll discussion are Chief start-off myself, turn addition more strategy a us In overview our detailed through we growth our XXXX. and business in Chief Essman, an our of a over the to call progress brief as financial Brian to then our by E. of providing Financial followed XXXX, by Brian provide today, with our from Celli, CEO results Essman, move Frank, Executive Officer. to I'd to and our Frank like overview of

revenue, growth food overall digester waste business year-over-year in deployed, margin. the metrics rental we units improving During seeing of gross achieved and revenue in year, XX.X% number our

unit Digesters. XX.X%, Revolution While growth was the of our actual expensive XX.X%, topline reflecting Series less acceptance was modest at revenue

years. this business waste later Frank in shipped of synergistic to in sales our we provides call, regional year, In growth units incremental with new a business, discuss to revenue a our and is of declined XXXX, almost of this many from region. digester for opportunities U.S. a came headed focus This operating about largest rental company excited XXXX cost fact and will offers model that technology the where revenue we the from the management relationship driver the pipeline in on mid-Atlantic XXXX. our business management with stream Medal, The coming number services during reflecting our no services in Gold were record in Revenue the was in

While to and initiatives was our for in completed year key business transformative growth set in XXXX XXXX several to the years the key most come. our financial for improved BioHiTech performance stage HEBioT and substantial areas, as we a strategic

controlling acquired as our Virginia First, West of the in Martinsburg, partner interest as in resource technology nation's transactions development subsidiary through series our HEBioT Italian first facility with Medal. HEBioT a Gold well recovery a

for important other model many come. This and goal serve we reality. a for in to partners making XXXX thank consolidated as for EPA-recognized high a March am aware facility a solid for for help partial us facility commenced biological XX,XXX-square that that years as commercial foot our as to and a their contribution recovered various our mechanical and this in process probably was you pleased As look an announce past interest of HEBioT forward that I in locations Having its a are treatment we operation. applications. facility has used utilize Martinsburg produces this to in critically a financial flagship patented our be industrial fuel Friday, can facilities will this coal efficiency and replacement XX,

is subsidiary development received in that we and from stake they Second, $X.X XX% into valued $X.X a approximately and waste space. HEBioT is and million Kinderhook million exchange, billion active private of million. Medal $X assets Medal very in portfolio manages capital received subsidiary. $X in resource Gold management cash Industries, a In consisting our at company renewable a investment the committed of that of firm Gold over

later of development serve third, for subsidiary the facility from revenue. call. of million part will foot HEBioT Rensselaer, generate XX southern to HEBioT $XX platform city's our of XX,XXX-square planned as acres U.S. margin strategic approximately And New rollout in be area. permit is York of local approvals to which received we Our municipal the industrial This annual recovery the expected land on HEBioT BioHiTech's will site this high facility City discussion in a waste plant

food permitting and BioHiTech disposal process unit a from waste late business, are we this only to over the state for XXXX. digester In completing a measure in integrated we have a patent the received directly in as construction facility that creates we major advantage solution the volumes of anticipate We currently Internet. competitive now believe our

business the partnership Revolution companies largest Award That a front, for food Digester installation the Series partnered at Delaware home to Milwaukee Baseballs, with hospitality in world. North, service led League the one the On and our of Major held of Miller we Initiative Park, privately Sustainability Brewers.

the substantially benefits equivalent popular that methods. other to our digesters waste emissions environmental the Delaware using of compared validation received food of and composting data Essman, claims, call I digester determine from of At University improve to to time, helps the discuss also our This like COX marketing reduce independent our turn significantly. Chief We this Financial Brian results. helps and to would our Officer awareness, financial over technology our backs efforts our

Brian Essman

Thank growth Gold was of revenue achieved $X.X XXXX. in revenue revenues from in XX.X% as digester million revenue million recurring in to $X.X you, rental driven and XX.X% Year-over-year data as analytics We compared our by increase total good with management our well growth to Medal everyone. services Rich as a XXXX by platform. afternoon and from

rental Revolution by deployment XX.X% XXX minimum to Series to a This revenue. reflecting led the single contract the contracted the year-over-year XX.X% digesters. forward, company's acceptance successful lease growing market expensive grew Rich our mentioned, number under increase upcoming in As less of units, units years of

has to shown While focusing waste the consistent opportunities relationships related and has business larger establishing our our shift sales services distribution traditional cycle. and on companies revenue services to lengthened with food growth, digester

XX.X% XX.X resulted include associated grown million our existing we X.X addition XXXX a the multiple XX.X%. has pipeline substantially, in business we maintenance to expect in opportunities points unit of mid-XXXX. The margin digester the Gold costs, reach to results of not $X.X from and our leveraging by point and with become revenue primary Our benefit management as increasing evident has with drivers our expense and more team, in the units Revolution rental in XXX% our to base gross a incremental profit less increase greater efforts see management these Gross services revenue, the which profit through in gross in generating for field which by percentage of increased percent increase from services of margin of Series the and reached gross Digesters. Medal

the XX% important of professional sales to from of sales unit the only continue require base decreased to $X.X fewer XXXX. million reseller margin gross models We our $X.X in maintenance. X.X% million by that markets, and million mainly leasing sales by mainly in that to$X.X a expect a to operating de-emphasis where international in expenses compared operating as common. shifts to of is in remain non-cash in margin The in high in to The mix contract to that unit compensation. an not and grows typically the as $XXX,XXX XXXX result are less increase expenses The XXXX in Series by XX.X%, fees to note decreased to Digesters Revolution range unit XX.X% rental XXXX, attributable decrease stock-based were It certain equipment in totaled higher decrease install $XXX,XXX compared our direct -- margins increase $X.X primarily with partly we which $XXX,XXX is which sales. XX% included offset labor-related expenses in million

about when XXXX. Our loss million compared a $X.X XX% of decreased by from loss to to operations

sheet. Now to our balance

upon our of earlier, the to in into XXXX. Martinsburg in equity our improvement as With well the balance our was controlling transactions we of NASDAQ stock discuss shareholder the as to as a result cash acquisition of unrestricted in now the to strategy the Frank a highlighted as of XXXX, of and significant completion it million interest XXXX. equity with debt forward achieving $XXX,XXX over quarter. up-listing compares turn of facility, million. XXst, April shareholders' $XX of and $XX of cash common our into unrestricted sheet $X.X first deficit mandatory Rich additional of we I This will debt XXXX move The million during conversion ended growth into December conversion the the of

Frank Celli

you, Thank Brian.

managing strides I'd made the how so laying future. and market traditional our in direct and financial a Series opportunity XXXX base future. often important we and great and technologies we our We objectives established about our model. our servicing the growth this a past setting revenue how new to customer build foundation is you waste. for the company was diversification think the significant into And channel to take task of us into this waste We've Digesters, both talk year through larger is meaningful some partners. we much to industry distribution transformative like up well demonstrate see and we our While stream With the about the in these hand this as at how way customers change goal Revolution area, a achieve in XXXX fold a revenue technology with year, of growth to

diversion. want, Gold business what technology with money show Medal to win can partnership waste landfill has they how giving Our make customer by cost-effective the help industry us helped embracing and the

other We with also companies helped of open has won dialogue largest some business companies some in direct the management that meaningful industry. from us services the waste

process of pipeline controlling in in a facility, We're last. opportunities, to acceleration a cycle, XXXX. late marked several process We've this a of also customers two where distribution toured to projects distribution years. facility place XXXX people to in just led we're in path in the to accelerate of progress of than a our a coming with have the acquisition now lead bringing making scope, be show recently management is meaningful HEBioT announced of give conversations development how the lengthen with expect new Having last a municipalities, we down online Martinsburg and in which unit in With phase it waste is Martinsburg We in already our -- facilities To growth moving additional those Rensselaer actively entered we've create management where unit and these some this years. in including seeking about expect and state now clear of sales categories larger helpful to online second road each in services, facility permitting bring retailers not sites pursue in to will services relationships business. the growth of few for weeks. significant should done. as coming and the half we interest customers, model over we waste now a things a decision our One to the with nationwide this you XX will XXXX. these goal the we We're potential the helping the company deployment year of a this more XXXX the of the revenue but we're have we're half prospect believe be our second made agreement excited

led high each Gold business about to vast significant this million technology Kinderhook-backed margin in and XX% margins. Medal work million excited of future annually facilities the generating to and to with this XX% plant together Our investing to generate opportunity. EBITDA to potentially $X success adding These revenue forward here we're $XX

Friday. operation last Rich mentioned a we commercial earlier, As began in Martinsburg

XXXX is revenue our And a we operations. services of will increase see revenue XXX% management digester expect XXXX. with we $XX three and revenue now anticipated to about million, from contract, ramp pick-up of and over representing Because from solid full quarters result, recovered quickly. the feedstock under its As business, fuel year operations these

reduce expect to also burn million, $X to improvement represent XXXX. more than We a which our cash under XX% would from

position also their questions, Before of I'd each thank in our I a in company us for every building sustainable and stockholders confident to We're dedication the that dollars have employees the on for their the our the of helping over forward I'd our for one our growth. the to long-term time turn XXXX. and while in place your for and to prepared we're thank to can on entrusting right value long-term portion investors like the like our company. call you questions. our calls we've impact at to remarks right generating now generated significant a open look to this positive we to in environment, positive concludes Operator, momentum investment

Operator

Instructions] [Operator is Jang Group. Our from you. with Thank James Maxim question Please first proceed.

James Jang

guys. afternoon Jamie. Hi good Hey

Richard Galterio

Hi are how James, you?

James Jang

Frank, sales So, fourth quarter, in zero the you correct? guys equipment did

Frank Celli

Yes, that is correct.

James Jang

Okay.

So, no moving because are we as more forward, should that switch, know I guys so--? making the equipment at look sales you

Richard Galterio

time the next a be ago We be they're be one that the quarter, is said of going busiest activity cycle, making typically of one not in been We've where year be a so the to to emphasizing situation the really business, of of emphasizing the to We which going number don't in lot Rich. switch the James going have is you believe They're the quarters digesters going services we're sales this -- market. food don't we our couple quarter their a end to in equipment are that it's lumpy. -- one year so -- speaking aren't number. it, I they're

as some and point to depends where where on come those they not going sales time pick-up don't from distributors, we're come at So, in, walking we in. away know so in but in, may our it, sales they're from come it fall, international we really sales

be that over or going be be XX% that of that the pace XX% continue moving the this the several wouldn't with aren't they're forward, had year course of decline decline ordinary years. we necessarily but something assuming no some to We next sales to that out would

Frank Celli

said, Digesters James this product. our drew Revolution we're of absolutely just James, introduced They're and Remember cost hey, we the Yes kind in going line not we line seeing the a which Frank. sell up of sand volume, with last which is we other why sales XXXX. a sell low year, not those our a They're our of to sand units. portion significant in inexpensive in international we try which to ramp-up. we're a distributors Revolution units that Digesters, did than But is quantity draw would units deployed made team

expect of we our would distributors said, part Rich on to than be sales see our the want stream I So, other sheet. international balance small don't like to where revenue carry a assets

James Jang

Okay. Park And remind can you Miller many to how units were sold University? just and us to Temple

Frank Celli

has now three couple, a James. I want got has Miller Temple to think I say right

James Jang

expand? they have test Yes, so do this to or--? Is phase they a the to capacity like want initial waters

Frank Celli

award we certainly mean a use also ballpark fact, than something. won no could they that. the got who've as to is Absolutely. -- or Yes, -- We few the as did around digesters, that spread we starting award a about I other more another question think they the starting just -- stadiums stadium that in units. word to won have Eagles multiple well to Philadelphia is the

they'll customers. Universities a location, dozen, maximum. different potentially I maybe on is a have within So, to would yes, unit there’s those can grow penetration I a and say, think a we be a stadium think going story. never further venues XXX customer-wise But new half

with the say progress won't them, Temple. the -- not universities what but trying but Medal are footprint name I would Gold seeing coattails only ride who we're to other So, in of Temple, I

a a So, We could but again to little going or a Temple's to up five bit be potentially ramp or XX-unit seven not to ability think university got grow more, six the units. deployment.

James Jang

like for the should so with catalyst be say, mean so, for it like capacity -- for three is we we bring Temple on let's there? I No, to Yes. have them more, looking okay, what what

Frank Celli

looking? looking What would or for be what be would we they

James Jang

order like additional digesters? them the for to would be Yes, what catalyst

Frank Celli

of the the catalysts, between the people -- tug driver environmental a little there's certainly tug the mean, was Temple and this engineering but multiple the is people, and -- is war and a sustainability of right. sustainability. kind One I for impact primary

So, started they three. they they certainly went to with to two, seem went to one,

I cafeteria driver they'll saving at stands, or So, it where cost it main achieve Temple also add of them is than would sustainability more as is seems it opportunity universities a the say hall a for a time. well. because it’s as benefit. success the of they with the the program, But existing in the In a dining kind economic

James Jang

so the don't for looking be, but in going if to okay, BioHiTech's with be plant where we and cash outlay? it’s we assume And is the mix Okay. know should -- Rensselaer, timeline next terms of we investments, cost, what

Brian Essman

Sure.

Richard Galterio

Yes.

certainly expect difficult and to getting along with, state we getting so is Rensselaer, a the Rensselaer probably start in the a process lot Just we more would state are local that the permits than permit. is farthest in permitting

facility we're said in So, we expecting that late process, have call construction to XXXX. assuming we the through as the complete in go

done that required. investment most launch the into we -- fact have capital engineering from some particular our we of be that [indiscernible] outlay facility, mind much an a have facility remember Italian Now, license how have lot on the if got firm. the had given in think say do Keep to you the cash engineering There's purchased Gold work. spend the expense from might you standpoint, would I to from a of work Medal's we We've that? we done we more standpoint Frank, the still

Frank Celli

bigger a that James. West will than facility So, facility be Virginia

James Jang

So how bigger? much

Frank Celli

About XX% bigger.

contribution. is anticipate larger. higher probably which equity making probably a -- each include a that in that license case, the make the in or can of the the paid is one of We just part -- more going we already throughput, or we'd the purchase it's would license contribution particular end be cost as this XX% to to XX% range as $XX-ish in also a of be million have will we It'll so sort equity but it'll that bigger. rule $X or because it'll up So, million that That that plant, expect Rich physically so. being thumb, so of facility fully would own

like cash perspective, of preconstruction from and again, spent get on be will say of stuff a that. $X senior on depending which So, equity, plans, million, we the credit additional architectural looks equity, can what let's cash million engineering, bulk the what $X like

James Jang

Okay. What so bond -- about a be will issue? there

Frank Celli

don't--. I

Richard Galterio

up up of of depend project on certainly It the depend certainly terms some for the of in getting we're exploring we the some of lot is facility tires we it. There's in was now bonds the impossible. We're be can bond one that Municipal models being should easier. able will a ways and that rest we and to mind, what will be ability because on component. project get the financers number to kick Virginia one them; keep West little virtually another with can sort What probably been which financing have that one. some got one facility a handling first go ends have up finance will is where now of different state; we'll in the municipal be would debt that bit, a that

So, we're those exploring options.

come the this bringing in when to sort we're of to to quarter physically start expect that's looking to third thing decision because some going with align We moving.

So, what it's some end, like little will we're a can you the debt of look still that a not XXX% but sure. figure open, in sort

James Jang

All right.

right. about debt, $XX math million quick So, all is in

in? -- to be with come the So, can able Hook

Frank Celli

No, don't a not James. think, typically debt I provider, Kinderhook's at

I think looks-- the debt

James Jang

come there--? is for I that in Well I to not will plan. on able be equity mean more mean they --

Frank Celli

fund we're speaking, the BioHiTech Kinderhook right, I you hip, at kind we to pro-rata project that -- attached can't we little fund, do I Rich not that partners, business. mean right guys at PubCo whether and an collectively I equity expand is additional speak so as is we're have and would financing funds of as conversations yet, are Kinderhook, any that concern that we're logically offering can't an for would BioHiTech -- the do that said, next whether now Kinderhook They but but we've not stage of equity look know so both we what Kinderhook or it's to -- is at about well. the the would that got we objective BioHiTech finance contribute, think that whether -- the have I'm at it Kinderhook it's the and no facility. -- are plenty with --

our what smart we And the other I says as value money creates get for limited right, the sense its own most think creates that best in most partners. the shareholders. can take, We take value offers to take what them for money our for their money. using we may Kinderhook well make than

up it's the now. in right So, air

Richard Galterio

that feedstock because you in also footprint they represent they tell where provider. mind and Kinderhook are, will of I with a keep their

Medal to which multitude So, areas that more with I other in opportunity be and Kinderhook because in of mean talking They Kinderhook, we some in represent Medal -- Gold I an we're and point Gold the of this when some talked for Philadelphia Medal, feedstocks. is ways Gold partners say about. synergies us has a

and arrangements things of we build feedstock the lots look to on we and there's So, as offtake. to facility make intend each all and for explore exploring them both

James Jang

looking Okay. you doing now are place you you credit guys looking of sheet, And have so related party some type of some some refinancing currently? there, a because Are have out on type in guys line you you at where notes. revolver do of balance to have the

Richard Galterio

ear well. There -- debt balance we're and Michelson exploring been sheet do, them we is on streamline and debt. are strategic We happy an our for think business partners and opportunities that I Comerica; on they some Capital is they've And great them opportunities always the always things us have us. as we to they Board partners have some and to and streamline can what's our different side. to great have about are We've resources financial if have we

what's certainly equity debt looking company, always but we partners for the best the happy we're and both on side we're that the side. with So, now the to financially obviously do have

James Jang

the restricted Okay. to? then is what related And that cash,

Brian Essman

West debt the to related That's is bonds, a service. Virginia it lot of

operating specific traditional for stuff. activities, reserved is it of its Some muni

James Jang

Yes.

Okay.

Frank Celli

calls James left. we a got other couple Hey,

either arrange we want So, want, or you more detail. can you after if discuss want a call whatever tomorrow can in anything you we

James Jang

All guys. right. works. Thanks All right. That

Frank Celli

James. you, Thank

Operator

LaBarbara from is question X Financial. Network next Please Our Vincent with proceed.

Vincent LaBarbara

how I Hey to Virginia that you. BioHiTech it. have on want plant, the I team, congratulate your you Thank know one in Congratulations. important it's And be to Okay. great to States Frank, United was. Martinsburg, West first

Frank Celli

Vince. Thanks

Vincent LaBarbara

additional Can HEBioT facilities? these the you just breakdown look give me of an in revenues what like

Frank Celli

absolutely. Yes

of West use Virginia I'll So, the -- there's use but I'll as model, waste facilities. still speaking, sort solid generally management

the we So, of any regardless the located revenue to where come that the that is receive at tip of bulk these we fees at of facilities from they're going the facility itself.

So feedstock that's it. provider to be, the trash to their facility -- dispose may the bring the they whoever and pay fee that of

So, be that's bulk revenue. always the to the going of

You're tend talking be so fees of could be as percentage areas the or Virginia. West than total Rensselaer revenue Virginia, or in or like as about XX% high give so. that where higher tip probably In as take West to XX%-ish a

of mainly streams, So, the will about one contracted that's the fuel take remaining and other stream. so From so half of XX% to XX%. aluminum is tip revenue revenue recyclable XX% the give or which and it's the there, or incoming the of sale give really materials, be of bulk from then will the steel, -- there's fee XX% or extracted metals, waste to two recovery XX% represent the revenue take

take of generally kind the be or XX%-ish is tip speaking, will vary revenue market maybe can contracted on XX% commodity that depending fuel so, on to But a sales depending of remainder is our So, little market, give revenue fees. or the XX% driven. and coming contracted XX% from tip bit fees, the

Vincent LaBarbara

the are which Okay. the coming revenues, XX%, And of that's from tip XX% contracts? the long-term that's fees

Frank Celli

projects revenue they up their under the I -- have business sustainable because is fail model Yes. sort that's types mean locked often these don't contract. of of

we've fees under deliver tip got or either contracts pay So, in Virginia, us. the of majority overwhelming to West has those XX-year hauler where the waste

in to So, long-term Virginia. some we in West -- lock years want period period XX for that

kind we're Going We we day every going that's model. be can cash business know day. want to of forward, and that the full churn every to

Vincent LaBarbara

in successful Rensselaer? model the you Right. you being Do same see for

Frank Celli

I yes, I do, do.

it's think to change model I the slightly. -- going may

directly were an the length referenced with Rich it's to limited Gold area So, relationship have event plant arm's Essentially in with to Kinderhook a feedstock earlier but our we we're and we an that. in control. ourselves, our site not where with contract Medal within

we to likely don't disposal feedstock them. have would partner their either to in available haulers have other We may footprint. or large with So, not bring Rensselaer, a that options regional municipalities

Vincent LaBarbara

great. much Thank you Okay, Frank. very

Frank Celli

thanks. Vince Okay.

Operator

is Our Ron from Partners. Nash Please Nash with next question proceed.

Ron Nash

mentioned to in Yes Digester some sector? in Earlier you're Can little going somebody afternoon. that the about referring business, good you a Digester give the us what larger -- we're to in have opportunities. color

Frank Celli

we're and that we've Hey providers for that sort won't are they business I believe a had realize contract Yes, fortunate have that fortunately market Sure. specifically, technology to a in made Ron, the provider you? and otherwise them us, where that's enough their how would services impact have name but of enough to -- well, the come we made we've significant under of attention. of waste that they're some losing gotten to a smaller larger

It's contract announced business capacity. national with provider we a services. recently distribution would a where we model a So, their very waste logical utilize of

of distributing have salespeople doors thousands use could they field. That's customers technology and potentially in our out ourselves. knocking -- So, our hundreds better on of a the potentially us in where product that way this than of

been this to trying on an make impact. for we've So, years working

we integrate got has also an and of impact. contract company showing that we've into the Our a that success new traditional customers had impact an from our has of couple Gold wins model direct sort had Medal can a technology with

believe much that to going relationships So, lead we a faster these to are adoption.

They provider larger customers Some out like grocery pieces typically are waste of sort chains the contracts that a use a deployed technology national business deal tech of these provider. technology on losing our are some we with negotiation are retail provider. as every an national impact to where to with now they've waste had business organics carved And in companies. they us day of that's -- and a for of

kind them them, join you can't for it's them. So, like, if of beat

salesforce, their existing solution them to offer out technology on offers from a and customers, business ability their to the cost-effective our our leverage to customers. So, not lose to

The new our waste a state saw generator that place. other legislation diversion has plan of a have we week And is passed State in of certain than just that some York to diversion technology an is any the for food approved tons approving be a plan. that New thing entire a will ban today, amount more two food

regulatory we public-traded a tailwind companies also have that large of some these where don't to -- solution. us So, still have have behind

traditional don't product of with want there companies technology We big happy a quicker, waste do look, national gets those to And partnering So, provider. want out some to be we be it. we're a company. to if our

Richard Galterio

Ron when a And XXX opportunities or color in looking one we're the a many because being range, we're add carving for of sales asked Yes. integrate out at, with section food said, to things XX increases they're in providers some talk is to that their to their waste little cases Frank as that the of to bit cycle waste just unit us.

is to So, to -- some a what as not and to want. sort got for it the done the waste with it's forced helped that's had service world conversations But thing isn't also these cycle losing this increase of literally they in the greatest sales us. the almost result providers of we've business solution hey get to customer say, this we're to what technology is our provide ability integrate which

momentum. a helpful bit with little -- industry and been model get with going directly helped us this distribution the bit that's of waste So, little a that's also

excited So, about that. we're

Ron Nash

Lot of looks up, the on coming things it like. plate

Richard Galterio

a certainly to we're and substantially keep doing excited pretty we're we're to long look growing revenue going and period. that for Yes,

Ron Nash

All luck Thank right. you Good guys. you.

Richard Galterio

you. Thank

Frank Celli

much. very Thanks

Operator

remarks. like our closing back to and gentlemen, turn have would question-and-answer call of we reached the management I for the Ladies to end over session.

Richard Galterio

like few thank to forward first call. to our in our you little and report thank we company bit end everyone talk our interest call. our concludes weeks. talking in discuss Okay. you and and a for our look year sort to And listening We Once to you we'd of a to we'll progress further. again once as again again your quarter That

Operator

This you. Thank today's concludes conference.

disconnect your at this for you and may your You lines participation. thank time

Renovare Environmental (RENO) 1 Apr 192018 Q4 Earnings call transcript