Midwest Energy Emissions Corp. ( (BCHT) ) has released its Q1 earnings. Here is a breakdown of the information Midwest Energy Emissions Corp. presented to its investors.
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Birchtech Corp. is a leading company in the specialty activated carbon technologies sector, focusing on sustainable air and water treatment solutions. The company operates primarily in the clean coal and clean water industries, offering innovative solutions for mercury emissions capture and developing water purification technologies targeting persistent environmental pollutants.
In its first-quarter 2025 earnings report, Birchtech Corp. reported revenues of $3.2 million, maintaining the same level as the previous year. The company highlighted a significant increase in gross margins, which rose to 38.3%, and emphasized strategic advancements in both its air and water purification businesses.
Key financial metrics revealed a 9.4% increase in gross profit, reaching $1.2 million, driven by higher-margin licensing revenues. Operating expenses saw a decline, with SG&A expenses dropping significantly compared to the previous year. The company also reported an improved net loss of $1.7 million, down from $2.9 million in the same quarter last year, alongside a slight improvement in adjusted EBITDA.
Strategically, Birchtech is focusing on expanding its air business, with an expected annual revenue run-rate of at least $40 million by the end of 2026. The company is also advancing its water purification technologies, aiming to launch new products targeting PFAS/PFOS chemicals. These efforts are supported by recent regulatory exemptions for coal-fired power plants, which could bolster demand for Birchtech’s solutions.
Looking ahead, Birchtech’s management remains optimistic about the company’s growth trajectory, anticipating increased revenues from both air and water businesses. The company plans to pursue a listing on a major U.S. exchange in the latter half of 2025, reflecting confidence in its strategic direction and market potential.