Compared to CY2017 revenue, which was $2.9 million, this forecast range represents growth of 185% to 245%.
De.mem is a Singaporean-Australian decentralised water and waste-water treatment business that designs, builds, owns and operates water and waste water treatment systems.
Entry into Australian market through Akwa-Worx acquisition
De.mem entered the lucrative Australian market through the acquisition of Akwa-Worx on 18 September 2017, one of many growth initiatives since IPO.
Andreas Kroell, CEO, said: “Since our IPO in April 2017, De.mem has continued its rapid expansion with important growth milestones achieved.”
On the path to profitability, acquisition opportunities
De.mem is well funded with a healthy cash balance, and together with a reduced cash burn and a growing revenue base, it is well positioned to become cash flow positive in the near term.
The company continues to assess growth opportunities in the water and wastewater technology sector, a space which is still highly fragmented and has considerable scope for consolidation.
While organic growth is a priority, De.mem will also assess opportunistic acquisitions that make an immediate contribution to earnings.