Midwest Energy Emissions Corp. ( (BCHT) ) has released its Q4 earnings. Here is a breakdown of the information Midwest Energy Emissions Corp. presented to its investors.
Birchtech Corp., a leader in specialty activated carbon technologies, focuses on sustainable air and water purification solutions, leveraging its expertise to address environmental challenges.
In its fourth quarter of 2024, Birchtech reported revenues of $5.6 million, marking a 37% increase from the previous year, driven by licensing revenues. The company also launched a new water purification business, enhancing its strategic growth initiatives.
Key financial highlights include a gross profit increase to $3.3 million and a 60% gross margin, despite a net loss of $1.3 million. Strategic moves include a patent lawsuit against Evergy, new design centers for water purification, and a significant feedstock purchase agreement expected to generate $7 million in sales.
Looking forward, Birchtech anticipates at least $23 million in revenue for 2025 from its air business, excluding potential legal claim proceeds and water treatment revenues. The company aims to expand its market presence and drive sustainable growth through its innovative technologies.