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Birchtech Reports Third Quarter 2024 Financial Results

Birchtech Reports Third Quarter 2024 Financial Results

Birchtech公布2024年第三季度财务业绩
newsfile ·  2024/11/14 05:07

Corsicana, Texas--(Newsfile Corp. - November 14, 2024) - 8:07 AM ET - Birchtech Corp. (TSX: BCHT) (OTCQB: BCHT) ("Birchtech" or the "Company"), a leading environmental technologies firm, has reported financial results for the third quarter ended September 30, 2024. The Company reports the following highlights for the period ended September 30, 2024:

Texas州科西嘉市-(Newsfile公司-2024年11月14日)-上午8:07美国东部时间-Birchtech Corp. (TSX: BCHT) (OTCQB: BCHT)("Birchtech"或"公司"),一家领先的环保科技公司,已经公布了截至2024年9月30日第三季度的财务业绩。该公司就截至2024年9月30日的期间报告了以下亮点:

Q3 Financial Summary Highlights (USD):

Q3财务摘要亮点(美元):

  • Cash on hand of $4.4 million
  • Working capital of $3.6 million
  • 1.9 to 1 ratio of current assets to current liabilities
  • Revenues of $5.2 million for Q3 2024
  • Total costs and expenses of $6.0 million for Q3 2024
  • Net loss of $0.47 million for Q3 2024
  • Repayment of remaining principal balance due to AC Midwest Energy on its unsecured note, leaving only non-recourse profit share liability outstanding
  • 手头现金为440万美元
  • 360万美元的流动资金
  • 流动资产与流动负债之比为1.9:1
  • 2024年Q3收入为520万美元
  • 2024年Q3总成本和费用为600万美元
  • 2024年Q3净亏损为47万美元
  • 偿还AC Midwest Energy未偿清的无担保票据本金余额,仅留下尚未偿还的非追索利润分成责任

Additional information can be found in the Company's Form 10-Q for the quarterly period ended September 30, 2024, filed with the Securities and Exchange Commission on November 14, 2024.

更多信息可在公司提交给证券交易委员会的截至2024年9月30日季度报告10-Q中找到,该报告于2024年11月14日提交

"As we reach the final months of 2024, we remain in a stable, strong financial position in support of our launch into new markets in the near term," stated Richard MacPherson, CEO of Birchtech Corp. "The repayment of our debt to our primary financial partner was a significant achievement during these last few months. Removing all major debt allows for further investment in our company's growth as we work to establish potentially industry disrupting technologies that provide significant benefit to the potable water treatment sector.

“随着我们进入2024年的最后几个月,我们继续保持稳定、强劲的财务状况,以支持我们在近期开拓新市场的计划,”Birchtech Corp的首席执行官Richard MacPherson说。 “在过去几个月中偿还与我们主要金融合作伙伴的债务是一项重要成就。清除所有主要债务将允许进一步投资于公司的发展,同时我们努力建立可能颠覆行业的技术,为可饮用水处理行业带来重大益处。”

"Through our ongoing patent protection efforts, we expect to see additional license agreements from discussions with current defendants that our now underway. Our core business in mercury emissions capture technologies remains a consistent foundation as we continue in our efforts to establish positive business relationships across the power industry.

“通过我们持续的专利保护努力,我们期待从目前正在进行的与现有被告的讨论中获得额外的许可协议。 我们在汞排放捕集技术方面的核心业务仍然是一个稳定的基础,我们将继续努力建立与电力行业各方的积极商业关系。”

"Moving into 2025, with this team of industry renown experts and excellent support staff and operational improvements, our future is expected to be punctuated by transitional corporate growth," concluded MacPherson.

“进入2025年,随着这支行业著名专家团队和优秀支持人员以及运营改进的加入,我们的未来预计将以过渡性的企业增长为特征,” MacPherson总结道。

About Birchtech Corp.

关于Birchtech Corp。

Birchtech Corp. (TSX: BCHT) (OTCQB: BCHT), formerly Midwest Energy Emissions Corp., is an environmental technology firm that promotes cleaner water and air with highly effective, affordable, and sustainable business solutions. Birchtech's separate operating divisions each offer innovative, efficient technologies addressing critical industry concerns. With over 40 patents, the Company's ME2C Environmental division has provided patented SEA sorbent technologies for mercury emissions capture to the coal-fired utility sector since 2008. WE2C Environmental is focused on developing new, disruptive technologies for PFAS/PFOS removal from potable (drinking) water. New and innovative water purification technologies are under development to meet the growing demand for sustainable water solutions worldwide. Learn more at .

Birchtech公司(tsx: BCHT)(OTCQB: BCHT),前身为Midwest Energy Emissions公司,是一家环保科技公司,致力于推广更清洁的水和空气,提供高效、实惠且可持续的业务解决方案。 Birchtech的各个独立业务部门分别提供创新的、高效的技术,解决关键行业问题。 凭借40多项专利,公司的ME2C Environmental部门自2008年以来为燃煤公用事业部门提供了用于捕捉煤中汞排放的专利SEA吸附剂技术。 WE2C Environmental专注于开发新的、颠覆性的PFAS / PFOS去除技术,用于饮用水中。正在开发新的创新型水处理技术,以满足全球对可持续水解决方案日益增长的需求。 请在此处了解更多信息。

Safe Harbor Statement

Safe Harbor声明

With the exception of historical information contained in this press release, content herein may contain "forward-looking statements" that are made pursuant to the Safe Harbor Provisions of the U.S. Private Securities Litigation Reform Act of 1995 or forward-looking information under applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements are generally identified by using words such as "anticipate," "believe," "plan," "expect," "intend," "will," and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. Forward-looking statements in this release include statements relating to expected developments and growth in Birchtech's business. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. Birchtech does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance or other forward-looking statements contained in this release can be found in Birchtech's periodic filings with the Securities and Exchange Commission or Canadian securities regulators.

除了本新闻稿中包含的历史信息外,此处的内容可能包含根据美国1995年《私人证券诉讼改革法》的“安全港条款” 或根据适用的加拿大证券法提供的前瞻性信息(统称为“前瞻性声明”)。 前瞻性声明通常通过使用“预期”、“相信”、“计划”、“期待”、“打算”、“将”等词语来识别,但这些词语并非唯一识别前瞻性声明的手段。 本新闻稿中的前瞻性声明包括涉及Birchtech业务预期发展和增长的声明。 这些声明基于管理层当前的预期,并受不确定性和情况变化的影响。 投资者应注意,前瞻性声明涉及风险和不确定性,可能导致实际结果与声明有实质差异。 此外,本新闻稿包含反映管理层仅截至本新闻稿日期的最佳分析的时效信息。 Birchtech不承诺公开更新或修订任何前瞻性声明,以反映在本新闻稿日期后出现的未来事件、信息或情形。 有关可能会重大影响财务业绩或本新闻稿中包含的其他前瞻性声明的问题的更多信息,可以在Birchtech向证券交易委员会或加拿大证券监管机构的定期文件中找到。

Media Inquiries:
Sandi Scott
Tunheim
Direct: 651-208-4582
sscott@tunheim.com

媒体查询:
Sandi Scott
Tunheim
直线电话:651-208-4582
sscott@tunheim.com

Investor Relations:
ir@birchtech.com
ir@me2cenvironmental.com

投资者关系:
ir@birchtech.com
ir@me2cenvironmental.com

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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