BRI-CHEM CORP.

Edmonton, Alberta--(Newsfile Corp. - October 9, 2024) - Bri-Chem Corp. (TSX: BRY) (OTCQB: BRYFF) ("Bri-Chem" or "Company"), a leading North American oilfield chemical distribution and blending company, is pleased to announce that it has entered into an agreement with the Canadian Imperial Bank of Commerce ("CIBC") to renew its senior credit facilities ("ABL Facility") with a borrowing base of $37.5 million. The ABL facility is now committed until April 30, 2026. » Mehr auf newsfilecorp.com

Edmonton, Alberta--(Newsfile Corp. - August 29, 2024) - Bri-Chem Corp. (TSX: BRY) (OTCQB: BRYFF) ("Bri-Chem" or "Company"), a leading North American oilfield chemical distribution and blending company, announces that its common shares have been accepted for listing on the U.S. OTCQB. The Company's common shares have begun trading on the OTCQB Venture Market ("OTCQB") under the ticker symbol BRYFF. » Mehr auf newsfilecorp.com

Edmonton, Alberta--(Newsfile Corp. - August 14, 2024) - Bri-Chem Corp. (TSX: BRY) ("Bri-Chem" or "Company"), a leading North American oilfield chemical distribution and blending company, is pleased to announce its 2024 second quarter financial results. Three months ended Six months ended   June 30 Change June 30 Change   (in '000s except per share amounts) 2024 2023 $ % 2024 2023 $ %   Financial performance   Sales $ 19,106 $ 25,229 $ (6,123 ) (24%) $ 40,477 $ 52,430 $ (11,953 ) (23%)   Adjusted EBITDA(1) 707 1,972 (1,265 ) (64%) 264 3,587 (3,324 ) (93%)   As a % of revenue 4% 8%     1% 7%       Operating earnings 620 1,216 (596 ) (49%) 476 2,513 (2,037 ) (81%)   Adjusted net (loss) / earnings (1) (584 ) 714 (1,298 ) (182%) (2,351 ) 1,105 (3,456 ) (313%)   Net (loss) / earnings $ (488 ) $ 553 $ (1,041 ) (188%) $ (1,994 ) $ 818 $ (2,812 ) (344%)   Per diluted share                      Adjusted EBITDA (1) $ 0.03 $ 0.07 $ (0.04 ) (54%) $ 0.01 $ 0.14 $ (0.13 ) (96%)      Adjusted net (loss) / earnings (1) $ (0.02 ) $ 0.03 $ (0.05 ) (186%) $ (0.09 ) $ 0.04 $ (0.13 ) (313%)      Net (loss) / earnings $ (0.02 ) $ 0.02 $ (0.04 ) (192%) $ (0.08 ) $ 0.03 $ (0.11 ) (357%)   Financial position                   Total assets         $ 59,191 $ 72,588 $ (13,397 ) (18%)   Working capital         14,143 15,940 (1,797 ) (11%)   Long-term debt         6,616 6,827 (211 ) (3%)   Shareholders equity         $ 21,596 $ 22,517 $ (921 ) (4%)     (1) Non-GAAP financial measure. » Mehr auf newsfilecorp.com