CXL +6.1%: 1H numbers from the environmental industrial technology company helped drive shares higher today. Revenue beat, jumping 20%, while gross profit fell marginally to $2.6m. Calix continues to work towards a number of key milestones across multiple contracts, signing another agreement today to remove CO2 from the atmosphere. The company is well funded to deliver on a number of the projects it is a part of, with $88m in cash on the balance sheet and multiple recent grant wins showing Government support of their technology.
MM is bullish and long CXL in the Emerging Companies Portfolio
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