09:50 AM EST - Clear Blue Technologies International Inc. : Today announced its 2020 third-quarter financial figures. Quarterly revenues were $940,849, a 40% increase over Q3 2019 ($670,159). Gross profit for Q3 was $375,595 or 40% Gross Margin. Quarterly, operating expenses increased by $584,067 for the three-month period ended September 30, 2020 versus 2019. This was due to one-time credit of $609,675 for bad debt recovery and government tax credit items in the 2019 operating expenses. Without this, 2020 operating expenses decreased by $25,608 over Q3 2019. Quarterly Adjusted EBITDA was ($796,293) versus $172,120 for Q3 2019 due to the one-time transaction mentioned above in Q3 2019. Clear Blue Technologies International Inc.
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