Nov 5, 2012 - US energy efficiency and green energy firm Blue Earth Inc (OTC:BBLU) today guided for revenue of some USD 11 million (EUR 8.5m) in 2012 and USD 100 million in 2013.
"With our recent project financing agreements with Biosar and Greenwood Energy, as well as with others in process, and a strong backlog of orders, we expect our revenues and cash flows to accelerate through the end of this year and into 2013", the company's president and CEO Johnny Thomas said.
The company projects earnings before interest, taxes, depreciation and amortisation (EBITDA) of more than USD 10 million for 2013.
Blue Earth expects to complete three life sciences projects and one solar project in California in the fourth quarter. It estimates to have a total backlog of USD 15 million to USD 25 million at December 31, 2012.