ME2C Environmental Reports Second Quarter 2023 Financial Results
ME2C Environmental Reports Second Quarter 2023 Financial Results
Continued Strong Liquidity, Improved Licensing Revenues Through First Half of Year
持續強勁的流動性,改善了上半年的許可收入
Corsicana, Texas--(Newsfile Corp. - August 17, 2023) - Midwest Energy Emissions Corp. (TSXV: MEEC) (OTCQB: MEEC) ("ME2C Environmental "or the "Company"), a leading environmental technology firm, has reported financial results for the second quarter ended June 30, 2023.
科西卡納,得克薩斯州-(Newsfile Corp.-2023年8月17日)-中西部能源排放公司(TSXV:MEEC)(OTCQB:MEEC)(“ME2.C環境“或”公司“),一家領先的環境技術公司,已經公佈了截至2023年6月30日的第二季度財務業績。
Financial Highlights
財務亮點
Cash of $1.9 million on hand at June 30, 2023, and working capital of $1.7 million
Q2 total revenues of $4.1 million
Q2 Adjusted EBITDA positive $251,000
截至2023年6月30日,手頭現金為190萬美元,營運資金為170萬美元
第二季度總收入為410萬美元
第二季度調整後EBITDA為正251,000美元
Management Commentary
管理評論
Richard MacPherson, Chief Executive Officer of ME2C Environmental, commented, "Our solid base of supply customers, including several significant utilities, has maintained a stable revenue base in what is historically our company's lowest revenue quarter due to lesser coal demands and plant shutdowns scheduled annually each Spring. The increase in licensing revenues of our core technology for the six months ended June 30, 2023, have offset the lower product supply revenues that much of our industry felt this Spring. Technology licensing revenue increased by 165% or $386,000 for the six months ended June 30, 2023, compared to the prior year period."
理查德·麥克弗森,ME首席執行官2.C環境公司的首席執行官評論說:“我們堅實的供應客戶基礎,包括幾家重要的公用事業公司,在我們公司歷史上收入最低的季度保持了穩定的收入基礎,這是由於煤炭需求減少和每年春季工廠關閉的計劃。截至2023年6月30日的六個月,我們核心技術的許可收入增加,抵消了我們行業中許多人今年春季感受到的產品供應收入下降的影響。與去年同期相比,截至2023年6月30日的六個月,技術許可收入增長了165%,即386,000美元。”
"Moving into the last half of the year, we expect to add additional technology licensees and potential supply customers to our strong customer base due to our continued IP efforts leading to trial this fall," continued MacPherson. "The coal-fired power market remains stable in the U.S., and we expect that our product supply revenues will continue to increase during the last half of this year."
麥克弗森繼續說:“進入下半年,我們預計將增加更多的技術許可人和潛在的供應客戶,以鞏固我們強大的客戶基礎,這是因為我們將繼續努力使知識產權在今年秋季試用。”“美國燃煤發電市場保持穩定,我們預計今年下半年我們的產品供應收入將繼續增長。”
"During this second quarter of 2023, we have focused on expanding growth opportunities in new markets, emerging technologies under development, and growing our outreach across the Canadian market in support of our Company's common shares now trading on the TSX Venture Exchange. We are pleased in our current position midway into this year and look forward to providing updates to the market addressing these growth opportunities in the near term," concluded MacPherson.
麥克弗森總結道:“在2023年第二季度,我們專注於在新市場、正在開發的新興技術中擴大增長機會,並擴大我們在加拿大市場的業務範圍,以支持我們公司目前在多倫多證券交易所創業板交易的普通股。我們對今年年中的現狀感到滿意,並期待著在短期內提供市場的最新情況,以應對這些增長機會。”
About ME2C Environmental
關於ME2C環境
ME2C Environmental is a leading environmental technologies company developing and delivering patented and proprietary solutions to the global power industry. ME2C's leading-edge mercury emissions technologies and services have been shown to achieve emissions removal at a significantly lower cost and with less operational impact than currently used methods, while maintaining and/or increasing power plant output and preserving the marketability of byproducts for beneficial use. ME2C Environmental is a trade name of Midwest Energy Emissions Corp. For more information, please visit .
我2.C環境公司是一家領先的環境技術公司,為全球電力行業開發和提供專利和專有解決方案。我2.C.已證明,與目前使用的方法相比,尖端的汞排放技術和服務能夠以顯著更低的成本和更小的操作影響實現排放消除,同時保持和/或增加發電廠的產量,並保持副產品的適銷性以用於有益用途。我2.C環境是中西部能源排放公司的商標名稱。有關更多資訊,請訪問。
Use of Non-GAAP Financial Measures
非公認會計準則財務計量的使用
To provide investors with additional information regarding our financial results, this press release includes references to Adjusted EBITDA, a Non-GAAP financial measure. We view Adjusted EBITDA as an operating performance measure and, as such, we believe that the GAAP financial measure most directly comparable to it is net income (loss). We define Adjusted EBITDA as net income adjusted for interest and financing fees, income taxes, depreciation, amortization, stock-based compensation, and other non-cash income and expenses. We believe that Adjusted EBITDA provides us an important measure of operating performance. Our use of Adjusted EBITDA has limitations as an analytical tool, and this measure should not be considered in isolation or as a substitute for an analysis of our results as reported under GAAP, as the excluded items may have significant effects on our operating results and financial condition. Additionally, our measure of Adjusted EBITDA may differ from other companies' measure of Adjusted EBITDA. When evaluating our performance, Adjusted EBITDA should be considered with other financial performance measures, including various cash flow metrics, net income, and other GAAP results. In the future, we may disclose different non-GAAP financial measures in order to help our investors and others more meaningfully evaluate and compare our future results of operations to our previously reported results of operations.
為了向投資者提供有關我們財務業績的更多資訊,本新聞稿包括對調整後EBITDA的引用,這是一種非GAAP財務衡量標準。我們將經調整的EBITDA視為經營業績指標,因此,我們認為與之最直接可比的GAAP財務指標是淨收益(虧損)。我們將調整後的EBITDA定義為經利息和融資費、所得稅、折舊、攤銷、基於股票的薪酬和其他非現金收入和費用調整後的淨收入。我們相信,調整後的EBITDA為我們提供了衡量經營業績的重要指標。我們使用調整後EBITDA作為一種分析工具有侷限性,不應孤立地考慮這一衡量標準,也不應將其作為根據GAAP報告的對我們業績的分析的替代,因為排除的專案可能會對我們的經營業績和財務狀況產生重大影響。此外,我們對調整後EBITDA的衡量可能不同於其他公司對調整後EBITDA的衡量。在評估我們的業績時,調整後的EBITDA應與其他財務業績指標一起考慮,包括各種現金流指標、淨收入和其他GAAP結果。未來,我們可能會披露不同的非GAAP財務指標,以幫助我們的投資者和其他人更有意義地評估我們未來的運營結果,並將其與我們之前報告的運營結果進行比較。
Safe Harbor Statement
安全港聲明
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. 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. Matters that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the ability to satisfy the conditions to listing on the TSX-V; the loss of major customers; dependence on availability and retention of key suppliers; changes, or lack of changes, in environmental regulations; risks related to advancements in technologies; lack of diversification in the Company's business; risks related to intellectual property, including the ability to protect intellectual property and the success of the ongoing patent litigation; competition risks; changes in demand for coal as a fuel source for electricity production; ability to retain key personnel; absence of a liquid public market for our common stock; share price volatility; and, the potential that dividends may never be declared. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. ME2C Environmental 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 ME2C Environmental's periodic filings with the Securities and Exchange Commission or Canadian securities regulators.
除本新聞稿中包含的歷史資訊外,本新聞稿中的內容可能包含根據1995年美國私人證券訴訟改革法的安全港條款作出的“前瞻性陳述”或根據適用的加拿大證券法作出的前瞻性資訊(統稱為“前瞻性陳述”)。前瞻性陳述通常通過使用諸如“預期”、“相信”、“計劃”、“預期”、“打算”、“將”和類似的表達來識別,但這些詞語並不是識別前瞻性陳述的唯一手段。這些陳述是基於管理層目前的預期,可能會受到不確定性和環境變化的影響。請投資者注意,前瞻性陳述涉及風險和不確定因素,可能導致實際結果與所作陳述大相徑庭。可能導致實際結果與前瞻性陳述中的表述大不相同的事項包括,除其他因素外,滿足在多倫多證券交易所上市的條件的能力;大客戶的流失;對關鍵供應商可用性和留存的依賴;環境法規的變化或缺乏變化;與技術進步有關的風險;公司業務缺乏多樣化;與知識產權有關的風險,包括保護知識產權的能力和正在進行的專利訴訟的勝訴;競爭風險;作為發電燃料的煤炭需求的變化;留住關鍵人員的能力;我們的普通股缺乏流動性的公開市場;股價波動;以及可能永遠不會宣佈股息。此外,本新聞稿包含時間敏感資訊,這些資訊僅反映了截至本新聞稿發佈之日管理層的最佳分析。我2.C環境公司不承擔任何義務公開更新或修改任何前瞻性陳述,以反映本新聞稿發佈之日後發生的未來事件、資訊或情況。有關本新聞稿中包含的可能對財務業績或其他前瞻性陳述產生重大影響的問題的更多資訊,請參見ME2.C環境公司向美國證券交易委員會或加拿大證券監管機構提交的定期檔案。
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
ME2C Environmental Contact:
Stacey Hyatt
Corporate Communications
ME2C Environmental
Main: 614-505-6115 x-1001
Direct: 404-226-4217
shyatt@me2cenvironmental.com
我2.C環境聯繫人:
史黛西·凱悅
企業通信
我2.C環境
電話:614-505-6115 x-1001
直撥:404-226-4217
郵箱:shhyatt@me2cEnvironmental mental.com
Investor Relations Contact:
Jessica Butt
IR Representative
Adelaide Capital
Direct: 416-844-6202
jessica@adcap.ca
投資者關係聯繫人:
傑西卡·巴特
IR代表
阿德萊德資本
直撥:416-844-6202
郵箱:jessica@adcap.ca
To view the source version of this press release, please visit
要查看本新聞稿的源版本,請訪問