Bemax climbs 7% on 2022 and 2023 outlook

• Bemax (OTCPK:BMXC) is positioned for revenue increase of over 50% for current fiscal year compared to same period of last year.

• Outlook FY 2022: Revenue range of $1.6M to $2.5M with estimated net profit margin in the range of $480,000 to $1M;

• Outlook FY 2023: Revenue is projected to be in the range of $2.1M to $3.5M; this would be a projected growth rate of over 50% compared to year ended May 31, 2022.