AirJoule Technologies reports FY24 EPS $4.03 vs. (30c) last year

AirJoule Technologies (AIRJ) reports company completed a $50M private investment in public equity financing in March 2024, led by investments from GE Vernova (GEV), Carrier, and Rice Investment Group, among other third parties…Raised an additional $12M through a PIPE financing from primarily existing investors in June 2024 Ended the year with $28 M of cash and cash equivalents with sufficient liquidity to support the Company’s operations through expected commercial sales in 2026…”We are pleased with the significant progress made in 2024,” said Matt Jore, CEO of AirJoule Technologies. “We achieved several key milestones that position us well for the extensive commercial opportunities we see ahead at the intersection of energy efficiency and water security. The significance of AirJoule separating pure water from air at less than 160 watt-hours per liter cannot be overstated. Once commercialized, this unprecedented level of energetics can enable transformational solutions including waste heat to water, distributed water generation, and more energy-efficient dehumidification and air conditioning systems.”..Jore continued, “We are incredibly energized to have completed our first year as a publicly traded company. We are excited for what’s to come in 2025 and look forward to updating our stakeholders on our progress throughout the year.”