much, and appreciate and story everyone. you time and story your going attention. great a Hey, Thank share, a Brian. we very great a quarter got We to great forward.
how about it.
And harbor air, covered Brian life So details in of our we're partner for the going proceeding. energy. safe development those, deploy describe and It's so and a better. At make great business Invent is mission prove to going we each pretty purposeful special, invention: we we're of the lot eloquently a cover solutions water a it talk to statements. And BioLargo, business it, with better quick. as strategy we and
that. of And aware well so you're
information, need talking a Q our to also, and if we block or at forward-looking your you Alex to sure risk out rely will newsletter, a the the everyone We also to for while And have reach once we urge make statements. BioLargo. the in more on get We about go detailed be K alex@biolargo.com, e-mail, factors.
do the make that out. with Just on a progress. tune We because lot information everybody want put in list of sure we
we? to We're a on really best-in-class life on passionate sustainable better, So entrepreneurs, focus sustainable It's about the We who making and best-in-class. difference, science key, engineers, critical, make are innovation, innovation. That's driven okay? solutions. focus
All now solutions years. into and on market. engineering, innovating to We potential innovation science. portfolio disrupt pour on of focus a on over soul And lots intensive that and of as engineering the and been don't impact the the an really good do Highly of innovation the we the course, is like right? ones engine. of we money we on, heart where focused solutions, our have high We've it good better.
And is that acts focus the problems company XX key, for going
BioLargo X X have We units. called technologies, got an Science group Engineering, & engineering We've Technology. commercial
that's of on called value, operating we're it units, accounting a base focused BioLargo campus base, ONM Equipment.
I units, the technologies of segment our received will point X the treatment the technology which and we XXXX so Alberta, of Equipment, commercializing the there's In have these cornerstone partnerships. operating launching forms over and water BioLargo will with customers an of been Clyra, but attention. has of that commercially also sort not headquartered of through on Canada technology group our in each are: as the out QX segmented base PFAS of be BioLargo We grants, really Edmonton, yet, R&D are Then University BioLargo have Energy, a these Water in units counting. XXX and group and the operating Environmental,
that competitive innovation As give edge people we services. with say, talent, supported us can we're and replication margin, looking and for
So it's in be that with the control cleared through invested managed chronic way can $XX a disruptor for wound as million infected Clyra, suite actual as wounds. FDA, journey, care, well in advanced long over the surgical
knocking partnerships them negotiation. optimistic, from endeavors flow confident, go heavily revenue We're believe for ultimately forward. mode, since pooph.com. years. invested We're Very of we're we're Go obstacles we've inception environmental, of a the very cash back now experience was the across to XX has the of exploiting. have evolution the We of the course, -- and ideas those that finish to and anxious and over get that Clyra over It's about difficult into and arduous door. into years going that excited it through moving we're in company, major the and line now and the we step on the to commercially XX get battle profit next company.
ONM dramatic
technology They're I I partnership, control. basis overcontrol, just ONM through pooph.com, inventors, If about a acquired and X portfolio that numbers design. it's years blowing organic of a talk about and maintenance and developing out portfolio. -- focus. even a the seen to room, is a of Pooph number in the We're industry.
The in there's it. pet you we commercial for innovation is the been the equipment CupriDyne-based in with what's compound can't volatile a to haven't sure water. Battery. that, services, that will equipment, as that commercial-ready a this in water want point on odor products infomercial And minute. business focus make the And as That's portfolio, structure model second. Battery additional just VOC, similar Water going describe and out the it's We a little youngest the well technical is it, the it's beauty with the in asset on about service. engineering innovations in you all this compelling. opportunities, the mentioned going I so describe within see the
business. in making business. business. battery R&D in So We're different. quite battery It's to say, not the figure out' can like the we in as the We're we 'hope not it we're
we have off we'll additional commercialization. for towards and rounds these And Tennessee, in the you facility, production of Ridge, batteries line so positioning but a have show some and testing, of for almost we the start to year also small-scale ready first me believe Oak finished let end pictures the
very I exciting. think it's
a so better. to took And great is year of it's commercial best and heavy best well scale find fruits seeds been our model. for these business R&D, of represents now capable long here, as the planting a a here believe each watching on is it's platform technologies Remember, We and we mean now disrupting we're and partnerships, that which potentially we're time Relative say, a best-in-class just and enjoying decade, through this year, they're ever, getting I class. markets. adoption to get partner. it emphasis but in really dent-proven of over performance,
which, approximately do of So take track a public pretty $XX curve. is through have and Plus, see that some that the additional common through the and The right? produced get of towards quarter maybe -- which into revenue the want of those of with the QX, million, lot in the sort noncash year-over-year well of our associated right? manufacturing year, and had about a information some deep like was are operation course, we that know of advantage well another as So a as build-out a increased we to is lot happening over being And more.
We over to company revenue had net of of we charges, is last we course, R&D get racing steady end to -- of XXX% Clyra the battery loss, remarkable. on ours. growth, growth because partnerships, we what's as late. we'll don't right really R&D for XXX% R&D $X.X million, us. until we opportunities before is point both out So
money, money. I through intense brought important focus, out the to piece puzzle. investment so the want was some direct And in spending Very point it's subsidiaries. the into of But
assets sense, We direct certainly and big preserve opportunity got really commercial impact lot is dilution to the we company. can make sometimes of a want because the and so have good the parent are of lot of so a that investment the leverage
are terms And that it's some cash static out will these a it's basis.
I the going-forward start like notice a to onetime ready point component of events in of batteries. slightly. here, amount the we're making out charges on good situation. that sure R&D make used to So that see this of nonrecurring, to we've that build we some tipped Again, relatively up infrastructure SG&A been the
market engaged consultants with are in & show Equipment, execution of water, which we're marketing the commercial now Technology, strategy field, who involved now blast material, We trade marketing, a the just the as well Science in promotion and and in commercial BioLargo actively is increased situation, work. lot as in of people, PFAS the marketing the have our
SG&A. in up tip a So
Again, we've got landing really that's thing capture heading And into customers an making flow, as Same to used. mode. important right? cash we're with opportunity we How it. so going think significant negative cash much we're the money and
of company. been direct and burden we forgiven. control with also do -- we've a very about consequential. taking of in away in that's that less consolidate in some to So in no too, We because $X.X as company that's We So line it's debt No It's these it to especially very debt the so capitalize Remember, certainly off. to cash, end And point. those Part it's be on goes ventures we That's flips operating $X.X certainly We're activities. in climb, take income, close. able number spend is No very we our and parent we parent that stage. operating really right? good money X% remember, investment, the continue up right? not it. blue that we're as this and for as whatsoever. interest, that impacts from converts, still towards don't is the quarter, process onerous the positive toxic situation.
It's equity position, the of the other certainly consolidates mark, spending XX-year, continues important. while a climb.
Net be R&D, number, used, That PPP believe much. I of X Note revenue income $X.X debt one operating unusual, it net of notice about this through have on and debt, cash entities. to position no about million cash is an inverse, and and at stockholder for the month, will that's And month. the at $XXX,XXX million about R&D close. to all It's take generated approximates in SBA of It's we that's a operating expense, charges as cash a We out out its anxious net loan, it $XXX,XXX that we our noncash paid money, we're for doing a be and this means subsidiary a debt. at If no manageable the million the didn't currently revenues a came will way loan, a do. when nice the that
is that, So a but to pre-revenue think they We build I it's a has are that $XXX,XXX. approximately of expensed asset, because manufacturing those $XXX,XXX course, is equipment R&D the to of the the that's inherent important these few We asset, sales, XX% and primarily of right equipment was pre-revenue acquired facility, expensed about and story. all a we'll highlights. okay?
These are to reported These then ahead life to taken of out, that. decipher, important are And tied highlight nonrecurring just R&D for pretty Pooph noncash the out gone one want too. noncash course, years of and because of few. useful have course, expense increasing. them mostly the talked R&D, We've that quarter-over-quarter of are charges, tell and value. and dramatic we but really of piece expenses.
about getting so the start company that last XX% to when and energy its million months, about direct anxious ending to climb about X% X is XX%. we This reversing the do loss a And of about highlight Clyra the We that, money brought $XX by into making -- we're in then I company, about $XX is believe we the that about valuation. of valuation. to really those, is mode, at own going that $XXX,XXX okay? number investments. We X from at look So number important, of million net a very the And over we're XX% some at that. own you close you we plus prove And And remember royalty. valuation way. dramatically. the And can't proceeds then $X.X quarter remember, million critical.
We that to. proven but haven't yet, about we're
Okay.
years on figured of data, profile -- out, story deal, story ended develop multiple great techniques. the found the We for full manufacturing So work. the in build Pooph, this with difficult work remember our patent market, is hard, long, the vertical full a and business portfolio, safety company. circle it field
That's Okay? did. what we
careers.
It's they The all exclusivity able Xx mission, is royalty supply to is a marketing. acquisition we it that technology. of were that validates as and customer it in We compelling their partner course, X.Xx each they're someone a little buy XX% good a for And in excellent we done in and work, sales. -- revenue. job, to where we in partner cost was it it bargained for about they've years great that a between thankful so to done for and their business can reason great it Xx we rates, great They've while their a partnership. equal then pedigree efficient to we compelling extraordinarily compelling marketing, significant. be there. to As a on our exit story, and believe We're a annual they validates And who that other for a infomercial having also and model a buy. stated done it, recruited it of when $XXX time, get reason and model a took exit.
Remember, seize and It been of highly revenue, have and their making started, the also It at to good they really wholesale business long X.Xx job. is at million so product They're key revenue, significant. And alliance their our get Pooph, result XX-plus that to our watches argument to fast recruit formed plus. who an
so take to this In the product it's X company the that ability and has well beyond. fact, significant profitability to
the the currently $X so, if million do $XXX at rate. or exit. believe get those believe to $X -- we event, just be run can they table. We would potential And million a you of XX% rate. next In receive that the to So able the they're number, run approximately we million that, over month run pushing a that on acquirers will they're year
marketing of for growing. at plus and XX,XXX update us something intel positive the confident? Why multiple confident. way low about stores of end, just a that and in XX,XXX months and it good. the just and optimistic We're of ago, be can that And the are on XXXX is shared, at lot the They tenfold that on customers, counted, and was meeting or the is want around June that up and The happen Pooph, be ago, just a seeing our they're would was signed CEO have somewhere this increase retailers channels. acquiring we're is it's was by end X upwards on time, are a all under $XX product So a board. what that trend buying the we direction million. they'd coming good last at -- approximately day revenues stockholders there around Jane contract in a And of customers move sometime large definitely that few at we annual in plus $XXX-plus there a we frame. stated time the we million to selling we over believe future, have months that, the that more so The product and few and that X,XXX is are presented
good. they for on is track appear So which that,
Once there's to we you Now still with there's through. caveat because of things retailer, is that a only secure process marketing. the lot we a contract the reason fulfillment caveat. a There's have a do and happen. And go
coming, level, So we order it volume to to whether weeks witnessing but flow of excitement. remind increasing that's X really the it's or the some and want months everyone sales months and, absorb that X to months we're expect take just and course, to it's already trail just at awesome. an It's months, going
Chewy. a continue we're of products work. find in to other impact products brand cachet the channel. doing market. to channel, an is big for thing design make products and the to sales more course, And they'll are helping big that Amazon, We're selling, more is Walmart, product with other development coming, chewy.com the to So Pooph the add the increased in
Okay. That's Pooph.
If a you to go haven't seen it, see pooph.com and video.
essentially target reform the Remember, The billion. That's are that's a world. U.S. PFAS lawsuit that chemicals the tort device taking the contaminants is with administration, people There's there largest Biden to trillion, for -- reports are of drinking We've Okay. that $XX likely not if billion, for water, in the make our just exceed And PFAS are a item our agenda ago. recent a estimating settlement the effect. Not few you is history. if It's removes a months XM have have seen PFAS. problem you could a century. but lawsuit, $XX.X global B, AEC, PFAS settled for have regs polluted moving, quickly. multi-jurisdiction definitely top decade, move okay? in forever top yet,
concentrate have you making is another the PFAS value water, it, but already of drinking is witnessing are in proposition really simple. to it's -- take okay? our regulatory So it. already bodies we're don't The really water, type simple. action.
And thesis We If
you super If manage destruction. concentrate, you can could
and PFAS. service is throughout didn't model equipment, We the it. So life, custom the do we We business membrane it, customize the we project We exchange sell critical. integrate it. destroyed
ton a so cumbersome. of birds releases cell, great a some can It's And of a regulatory a we the that that, doing replacement. and So money, our a of save service business money, in by are there's model. ton a customers plus
trials performed where has stream waste correct, so compare marketing XX,XXX. the Tennessee can data you been versus So claim, is effective year, of That XX has concentration the they're University that shown at test membranes carbon, about about it's the was collection -- our that our proven XX,XXX. of which number XXX,XXX a last through when at post
is if the with pounds spent around it's do So a PFAS, astonishing can wet, an spent we've to proven example range, say X okay? hazmat, And We X carbon, -- of we somewhere X laden X a But get pounds it XX,XXX you okay? pounds. carbon, it. and is with claim, which
in the do process happen technology in so the market around team with partners. partner, just get massive dent-proven we're over time partner. you And that these change technical the and make world, really brings you the world. market.
Remember to that thesis, of solutions dent-proven How commercializing innovator We're that all now technical the good partners support a becomes the these
And reps reps. agreements, to partners, of we've XX channel an so army want say I now. got X XXX over or XX
We and presented opportunity actually of we're have where as backlog New installing moving moving in have it's our soon customers, a Jersey. And we're some we a excited systems commercial of couple significant forward, that that's about we're news for to detailed hoping ahead in which project about. first wins have
functional a lot We our great There's remotely has run. managing actual astonishing monitor unit on for also The in there. This the viability system. the can small are adding regulated things We customers proposition do take would it's to -- no ultimately, Once installed, the the project expand of value is so scalable a is it's use, interesting to or anywhere And scale. it's show that a trailer. pilot. easy. It's There's a they and able then can about It's we're been easy. portable market. this no other contaminate parts response for we obviously the it Happy in our technology and primarily is and What's unit the this for moving chemicals. them. a from can It's it. either panels, cost be its simply no demonstration these by detail scale right. small a
been well We're also technology the optimized okay? that works. for for a electrolytic the And how sale, so that And national equipment being this really has is works That's awesome. invited because presentation.
lead Gabelli an Fund engineers right, WEFTEC the in a EPA ago PFAS. one that's invitation-only just meeting is symposium this to Also, and Now the invited week the with for of Washington, was on about D.C. our
know, or motor the of in with, We're engineer, us out for good. headed commercial one was approval, a the basis, PFAS of represent Moore us the X the marketplace world this to the details pilot and awesome. on us to Our XX innovators getting X on don't allow to moving to secure It's which top And go were able into the there. the I radar. probably in be commercial with which space. New engineering Jersey a firms very Randy pilot. forward project a readily the Not we was me, excuse we to is pretty state It
of years been work. of So work. lot X a This has X.X,
One you questions we're asked more Yes, the up the water. and it's of everybody sure. move units stack scalable sure are is,
a X,XXX system minute And so this gallon on is that's a -- the right.
a Now we to it a said want gallons that's inches. point It's x call building. No, system. pretty small says feet. XXX inches, X,XXX XX. big XXX is it And I And XXX, it's out XX so XXX
largest at might the have or a of you looked X,XXX minute. Some X,XXX we've projects gallons
us field, and very be really the execute X that So you the because in would more timely buildings, it that allows way. all doable. are nimble get in first projects We're to thankful size, have smaller a right,
is this great a start. so And
and it we're Of course, a we but got we know always winner. we've faster, want thankful
membrane the a disposal and program, heading one. maintenance, validating we're exchange So equipment, And big PFAS. solution full PFAS commercially the that including and Hey, full is service solution. service, is science into of a a with
the no batteries that. extraordinary these their that and life, No dendrite No surface make electrodes form lose battery group Remember, of technology of there's time value So the acquired there. deposits key this back. sodium across We're And of to none couple -- its business X% is this the of XXX% dendrite. that the building conductivity R&D or and sulfur. efficiency technology. we front, X it was a formation, On right? useful energy, got years in before impede propositions, we dendrites XXX%, over
are elements, lithium, meant no Long earth no to real nickel. These lasting. cobalt, go They in array. No stationary. be an no
and that the up and cell you a a see you have connect battery. that's stack them So you cells, you
look you lithium. with technology Tesla runaway site, geopolitical and prevalent, rising a search the to cells, shock a extraordinary Lithium believe do fixed costs. also definitely exposure without building And on a a battery to very a runaway difference fire fire I a big like runaway Tesla damaged, you to urge So have How is optimize battery is the don't combustible. concern, we site, duration lithium The on is not Internet, much fire up for between a that wood. earth the prone a If car, ours risk, there's that lithium if overheated, for the risk. batteries. very you. in fixed of a and rare long better It's market common, fixed-site or gap to would risk, we the a going how for problem, performance, can have
Okay.
about we $XXX,XXX-something. So raised
it this assembled is to the tells first at Ridge, have sample It's story to is, and and through This as and to able soon. we these going already posting And don't quick. it time exactly of went. that X maybe as an start going Tennessee. making it this excited comes I'm out batteries very, we've on becomes running components we're assembly work, all really blog doing and months' required. or We're very this really our in it right? it shown our a have this pictures. worth is of making to with And work the So some have sure where test line, additional because we going know, have point Here's to process.
We're I located It's make we're that it's be pretty Oak battery we taking then we'll operation cool. the runs, to -- equipment X, batteries. understand these in, because very cool. be And X
but we're increasing we we no services a are debt, into Okay. together. position, an of that are that more build, it a Why with in was business powerful that, as of not of had model And becomes debate The sell cash make adoption and engineering not of for. SG&A licensing. we what like We're multiple help We a do ability and find a into on right? the which expensive, took revenues side, it a our of great. hands overhead argue. until something partners. revenue.
It and that, up in-house, powerful incredibly It's kind are do service Right? debate as of to pressure not -- with model. the on we a we These so we'll management, would hybrid. we'll We see a supplying is go And a course. part that's lot bit market is had business can arguments, talent and numbers, of We're and think more that did can markets little we in dramatically across rising going so licensing of signed we puts have BioLargo? that's that long technology time.
But rising lot the a revenues. continue. it them talent so, money to provider the tool There are, we role the is good could course, costly, growing consistently some to -- but increasing We're and just
witness work. way. to It's And said, and instance happening. good It's operating for we just anymore. it to that. a not resource doing and ONM We survive that don't a we we actually It's Net puts going as risk. exorbitant others the a take for capital well-managed so a whole as the company, carry don't. And result, we're we're when believe theory
going the as a it's out in this The went to water a PFAS the big okay? going XM, country. the a believe billion Us the Well, technology drinking inside every The article in do. not supplier There's we strategic been deal problem. the in most entitled go the so hands lot All", poison $XX.X day And Poison the we're because of is to an other work Why? to happen. see It's "In numbers just Bloomberg of in us, Inside continue and So it's that portfolio. There's considered to away. rise, just
solution have really problem can then our a something We to diversity. critical customers partners great.
And help do that money have our for make a we lot of save of lot a great money a and
Sometimes carry to revenue on easy dent-proven distribution, heavily commercial period can great margin It's have my so continue pretty saving come. through then time extraordinary to of we do, I an the been right, company, then diversity criticism. simple. this to of grace especially by we that It's it's that mean, partners, these hard in partner, have find higher with we strategy a the of really get long ability strategy a assets means to It's for leans way. base From the the we that a hard to innovating viewpoint, with to diversify, say. hard risk. can capital And partners, growth decades lower for find. it's our deploy,
will a as talked into talk what take partners, achieved, about But we're grow without that of our it We about Garratt-Callahan, achieve Sometimes have you with we us them decades some well. it, a XXX-year have history. second. the It's right?
So would to doing in to partners
mission a it a in great margin their and do don't those win-win. and simply and increasing by can to if years, for support you customers, few is them but serve just You supply that's revenue
be lot by confident reasons a us There's large. undervalued. we're A analysts, helps there's consensus lot them. that of to helps of it so and it And a
thesis get it the need that's really a to pretty OTC part really uplift, listing is journey I'm sorry I And here. Of long only as that The our of has of took and course, as taken the it always the much to has time.
I say is for behind think us thing pain a how our though pretty is time basic. is long It long taken. us. well
the very little so now about course, commercial have all We that harvesting and, threatens long. It's from its exploiting our of fruit company. seeds for planted of opportunity
of so mind about a And just our additional prospect our questions them, first customer ask Garratt-Callahan be Okay. It's not projected them appreciate we couple. rapidly actually up We're company. go portfolio, long great also just is whatever I to that a questions accounts. for gosh, anticipation and working we still Now reason the for quick. by a our with success, therefore, conference activity taking asking are of rather probably and try year expanding. Garratt-Callahan? with so The number about there's them. had don't this came advancing they're reservation diversity big that to because can We I couple want What's landing before first Q&A, thing, there to Garratt-Callahan. working Recall And in we that either, way. of obvious a to address the ago. real get we're and well.
We're down no every have is with lot call. I good -- with we're win a regard we're a ago, as once work. it and you predicting The all commercial to Garratt-Callahan. a here, in which we of people settle want. of acquisition success confident, right, It's, is are anxious again, thankful much, with success want but
the happened X, waiting client. That's answer. Phase first did X. we industrial for still one. number That's Remember, We're What the waiting for X. Phase to Okay. Phase
aren't a the right? them don't and just Why? you'd Why makes waiting answer.
In say, know "Well, so guess they're this do is ahead. why, situation, government actually we until it. the And filing guess, We they have the
money after. I do to think quarter spend I it simple, can government just it. says going quarter spend why it's to today, going wait next to until that it, they're They're the the do when not because or assume
I But alive. that think very it's it's much simple.
say communication go. they ongoing have go, to and We ready be we'll when
product, it. in Okay. criticism. hear really with Once some we develop it. -- really, out get over multiple a project $XX And a while, is extraction client range. to billion years on worth we of a middle actually, almost we And do I project very investment well for technique extraction? harsh figured million it mineral the on into I a What's X the in very, worked the get waste This And some with to took ago. somewhere stream. timing the a large billion capital $X how waste we billion turn
it's don't actually has It's noticed, so if great. and focused. received -- the great. I know patents that area in but by when we filed that anybody patents so It's way. And we've awarding also
owns soon they that the business As decided team some as business need the it, an order. partners, we had done, that they to got all get
we'll $X that get remember, we make worth in stuff And working X waiting that's to sure this as believe that that's right, they're year -- over years. it soon there So just order, XX a if it's you out. waiting for is billion, And fine. our as and has we're move ahead customer. to or been got you And
waste timing, anxious Absolutely be patented it's our feasibility, environmental which by large is about We've are X preliminary here. been the the the projects. in that the as we're that and design to predict sure predict No -- grades wish to right been notified that also we're in move like And One I'm money way large going which going that I projects anywhere, assigned not of to timing. energy just just do hard what They're feasibility capital I -- our on. Southeast customers, lot hold So then from America. asked the energy much are impacts went and other ultimately with released me projects. been the clear. excuse means ago stake technology is dealing and recently was.
What our all say released weeks with environmental very in Asia, I budget in actually. winner. about choice. on endorsed waste the client no preliminary These at so wheelhouse a with informed to governments. projects South presented a it's to talent, alive, we've and not impact this believe work. X area, study, And all communication large very study, We've customers, way. to -- our on there's upon very the executed and back to choice forward, there we've back concessions due of secured very,
manufacturers, in hard timing, a other and get analyzing example, it's little you and heavily sometimes ballast predict to through interesting standby. an We that we one is, And is, the for examples troubled spent this we be and remember, before in back we while And negotiated should And They is it how and of it. those of stop the ideas have about knowledge. So engineering potential early with our and about we market the that market active.
And journey. much the still partners too. criticism contract early looming investigated give as and for start but water. group, done. with had XX had deadlines were were basically, because things water and investing International we out Guard pushed and we came the to journey exchange by compliance very regulatory years. we in And X we think on the the the some years, years into enforcement, States Organization mode that got United and engaged Coast XX ballast course, because Again, Maritime I question execution we
And to water the highest so was the Difficulty]. the seen in be XX...
[Technical about is that in -- everyone what growth, industry the industry expected way that margin highest the think water has we last entire proposition industry