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Stock impact report

BioLargo Inc (BLGO) Q3 2024 Earnings Call Highlights: Revenue Growth and Strategic Partnerships ... [Yahoo! Finance]

BIOLARGO INC (BLGO) 
NASDAQ:AMEX Investor Relations: biolargo.com/investor-relations
Company Research Source: Yahoo! Finance
BioLargo Inc ( BLGO ) reported a significant increase in revenue for the first nine months of 2024, reaching $14 million, which is a large increase over the previous year. The company has maintained its costs while growing revenue, resulting in an improved net loss position compared to the previous year. BioLargo Inc ( BLGO ) has a strong cash position with $3.9 million, and its third-party debt has declined, indicating financial stability. The company has a diverse portfolio of innovative technologies, including odor control, water treatment, and battery technology, which are positioned for significant market opportunities. BioLargo Inc ( BLGO ) has strategic partnerships in place, such as with Poof, which is expected to grow significantly and contribute to the company's revenue and valuation. The company experienced a decline in quarterly revenue due to accounting conventions and timing issues, which affected the recognition of revenue. BioLargo Inc ( BLGO ) has faced d Show less Read more
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