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PureCycle Technologies (PCT)
NASDAQ:PCT
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.23Last Year’s EPS
-0.52Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -34.21%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant commercial successes and operational improvements, particularly the commercialization of the Ironton facility and strong customer feedback. However, challenges remain with cash reserves and dependency on certification for inventory sales.Company Guidance
During the PureCycle Technologies fourth quarter 2024 corporate update call, the company highlighted several key metrics and developments. In terms of operational progress, the Ironton facility achieved a maximum feed rate of 12,500 pounds per hour with an on-stream time nearing 70% in December, signaling robust improvements in production reliability. The company compounded 4 million pounds of material in Q4 and has a promising pipeline of 29 trials with potential customers, with 16 trials at an industrial scale stage. This is expected to unlock a demand potential of 250 to 500 million pounds per year. Financially, PureCycle raised $33 million in February and ended the year with nearly $16 million in unrestricted cash, maintaining a monthly cash burn rate around $9 to $9.5 million. Furthermore, PureCycle anticipates securing third-party certification for 7.2 million pounds of finished product in inventory by the end of Q1. The company is also engaged in significant partnerships, including an amended license agreement with Procter & Gamble, positioning itself for robust commercialization and growth.Successful Commercialization of Ironton
PureCycle entered a new period of commercialization for its Ironton facility, with progress leading to the first meaningful purchase order from Drake.
Strong Customer Feedback and Demand
Positive feedback from customers indicates that products meet or exceed the qualities of virgin material, with over 20 trials ongoing and more than 10 in later-stage industrial trials.
Procter & Gamble Partnership
Amended license agreement with Procter & Gamble secures exclusivity in North America and additional exclusivity for global expansion.
Expansion in Various Market Segments
Engaged in trials across various segments, including rigid packaging, flexible packaging, and automotive, with potential demand reaching up to 500 million pounds per year.
Operational Improvements at Ironton
Achieved a new monthly high of almost 70% on-stream time in December, with significant improvements in reliability and quality metrics.
Successful Capital Raise
Raised $33 million in February, enhancing liquidity and attracting significant investment from Plead Investment Advisors.
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PCT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PCT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $9.47 | $9.22 | -2.64% |
| Nov 07, 2024 | $13.36 | $12.46 | -6.74% |
| Aug 08, 2024 | $6.27 | $6.31 | +0.64% |
| May 07, 2024 | $5.17 | $5.02 | -2.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does PureCycle Technologies (PCT) report earnings?
PureCycle Technologies (PCT) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is PureCycle Technologies (PCT) earnings time?
PureCycle Technologies (PCT) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PCT EPS forecast?
PCT EPS forecast for the fiscal quarter 2025 (Q1) is -0.23.
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