StockMarketWire.com - Mycelx Technologies Corporation upgraded its guidance after securing two purchase orders from Saudi Arabian chemicals company SABIC.

The orders, for the deployment of water treatment systems, generated greater revenue than anticipated.

As such the company said it now expected to exceed market revenue estimates in the range of 20%-30% and to have reduced its expected net loss within a similar range.

It also expected to be Ebitda and cash flow positive.




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