SciDev Ltd
F:INFA
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SciDev Ltd
F:INFA
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Smothong Group PCL
SET:SMO
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Hudland Real Estate Investment And Developement JSC
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Bayfirst Financial Corp
NASDAQ:BAFN
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SciDev Ltd
SciDev is a specialty chemicals company that helps customers separate solids from water and clean up difficult industrial wastewater. It makes chemical products used in processes like flocculation, clarification, and tailings treatment, which help dirty water settle and become easier to reuse or dispose of. Its main customers are mining companies, industrial plants, and some water and wastewater operators. The company makes money by selling its treatment chemicals and by supporting customers with technical advice on how to use them in their own systems. In practice, SciDev sits in the middle of the water-treatment value chain: it does not run mines or water plants, but it supplies the chemistry that makes those operations work better. That gives it a business built around repeat product use and ongoing customer support rather than one-time project sales. What makes SciDev different is that its products are designed for hard, messy water problems where standard treatments are not enough. Its offerings are tied closely to industrial processes, especially in mining and wastewater handling, so customers often buy it as part of their operating routine. That makes SciDev more of a specialist consumables supplier than a broad chemicals company.
SciDev is a specialty chemicals company that helps customers separate solids from water and clean up difficult industrial wastewater. It makes chemical products used in processes like flocculation, clarification, and tailings treatment, which help dirty water settle and become easier to reuse or dispose of. Its main customers are mining companies, industrial plants, and some water and wastewater operators.
The company makes money by selling its treatment chemicals and by supporting customers with technical advice on how to use them in their own systems. In practice, SciDev sits in the middle of the water-treatment value chain: it does not run mines or water plants, but it supplies the chemistry that makes those operations work better. That gives it a business built around repeat product use and ongoing customer support rather than one-time project sales.
What makes SciDev different is that its products are designed for hard, messy water problems where standard treatments are not enough. Its offerings are tied closely to industrial processes, especially in mining and wastewater handling, so customers often buy it as part of their operating routine. That makes SciDev more of a specialist consumables supplier than a broad chemicals company.
Revenue Miss: SciDev's first half revenue and earnings were well below expectations, mainly due to major disruptions with a key Energy Services customer and a sluggish International Water Technologies market.
Guidance Downgrade: FY 2026 revenue guidance was lowered to $100–110 million, reflecting continued delays in xSlik sales, slower conversions in Process Chemistry, and $3 million negative FX impact.
Cost Actions: The company removed up to $3 million in annualized fixed costs and reduced corporate costs by 19% to counteract earnings headwinds.
Recurring Revenue: Recurring revenues now make up 54% of total sales, driven by long-term contracts and O&M agreements, improving earnings visibility.
Business Momentum: Process Chemistry delivered record revenue, APAC Water Technologies returned to profitability, and second quarter results showed signs of recovery with revenue up 9% sequentially.
CatChek Growth: The number of CatChek customers grew 75% year-on-year, diversifying revenue and reducing reliance on single accounts.
Positive Outlook: Management expects second half EBITDA to exceed last year's, citing a strong Q4 exit rate, further cost reductions, and a healthy pipeline heading into FY 2027.