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M Vest Water: revenue growth and order progress, stock fell despite skepticism
M Vest Water reported year-to-date revenue growth of 27% to NOK 15.7m and a 36% increase in recurring revenues in its chemicals business versus the prior year, with aquaculture accounting for over 80% of revenues. The company noted operational progress including initial NORWAFLOC orders and a METHA pilot project, but did not publish concrete EPS or quarterly revenue figures. Management expects full-year 2026 revenue above NOK 30m, but still sees a lack of profitability, short-term financing needs and dependence on order conversions. The stock fell about 6% premarket, reflecting investor caution about earnings quality and future financing. » More on de.investing.com