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Waste Management
BioShaft Water Technology Inc., ticker symbol BSHF, is a public company that specializes in the development, design, and implementation of water and wastewater treatment systems. The company's main focus is on its proprietary BioShaft technology, which is a compact, high-rate, fixed-film biological treatment process that is designed to remove organic and inorganic material from industrial and municipal wastewater.
When it comes to financials, it is important to note that the most recent financial information available for BioShaft Water Technology Inc. is from 2019. The company reported revenues of $552,000 for the year ended December 31, 2019, representing an increase of 12.5% compared to the previous year. However, the company's net loss for the year was $1,557,000, or $0.02 per basic and diluted share, compared to a net loss of $1,189,000, or $0.02 per basic and diluted share, for the year ended December 31, 2018.
It is also important to note that the company's financial condition and results of operations have been and may continue to be significantly impacted by the COVID-19 pandemic. The full impact of the pandemic on the company's operations, financial condition, and liquidity is not yet fully known.
BioShaft Water Technology Inc. had a market capitalization of approximately $4.5 million as of February 2021. It is important to note that investing in the stock market always carries risk, and it is important for investors to conduct their own research and consider their own investment objectives and financial circumstances before making any investment decisions.
In summary, BioShaft Water Technology Inc. is a company that specializes in the development and implementation of water and wastewater treatment systems, with a focus on its proprietary BioShaft technology. While the company has reported an increase in revenues in 2019, it still reported a net loss for the year. The impact of COVID-19 on the company's operations, financial condition and liquidity is not yet fully known. As with any investment, it is important for investors to conduct their own research and consider their own investment objectives and financial circumstances before making any investment decisions.