Categories
The maker of foam fire extinguishers and fire extinguishing foam is making another $15.7 million in revenue in its first quarter, and its stock has gained more than 1,300%.
The company has a market value of about $11 billion, according to FactSet data, but analysts have given it a valuation of around $40 billion.
Foam fire-extinguishing foam has been on the market for years, but the company’s new product was released last year and quickly went viral.
It is manufactured by two companies, DuPont and Thermo Fisher Scientific.
DuPont is a maker of a fire-fighting foam product that has been used by the military and fire departments around the world.
Thermo has been making fire extinguizing foam since the 1990s.
The companies have been buying up a wide variety of foam and foam-making equipment from other companies.
DuPOE made $10.4 million in profit in the first quarter.
Its stock is up more than 25% over the past year.
It was down by nearly 8% at $24.11 in late February.
Fifty-two cents of every dollar spent on marketing the company in the fourth quarter of this year, including advertising, was used for stock purchases.
