BCHT
Birchtech Corp.0.8900
+0.0100+1.14%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
86.21MP/E (TTM)
-Basic EPS (TTM)
-0.04Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Birchtech flipped to Q3 operating income of $811K from a $1.1M loss y/y, fueled by $7.4M revenue (up 41%) on $2.6M license fees that crushed prior-year $133K while product dipped to $4.7M. Gross margins soared to 55% from 30%, yet YTD trails with $1.7M operating loss versus $7.1M y/y as R&D hit $1.3M for water tech labs. Cash fell to $1.8M after $1.7M operating burn; $7.6M profit share liability looms, payable only from litigation wins like the $57.1M verdict pending final judgment. License deals secured bidding rights at key plants. Customer concentration persists.
10-Q
Q2 FY2025 results
Birchtech's Q2 revenue dipped 3.1% y/y to $3.3M, with product sales off 1.8% to $3.2M amid customer outages, yet YTD revenue held steady at $6.5M versus $6.6M last year, buoyed by $525K in licensing fees up from $141K. Gross profit edged down to $968K from $1.1M, but margins held at 29.8% while operating loss narrowed sharply to $1.2M from $3.6M, thanks to SG&A cuts and new R&D for water tech. Net loss improved to $1.5M or $0.02/share from $6.1M or $0.07/share, with the gap to operating loss tied to $376K fair-value hit on profit share liability. Cash fell to $1.5M after $2.0M ops burn, no debt remains but $7.6M non-recourse profit share lingers; verdict collection could flip the script. Patent fights drag on.
8-K
Chairman resigns for new pursuits
Birchtech Corp. announced on June 13, 2025, that director and Chairman Christopher Greenberg will resign effective July 1, 2025, to pursue other business demands, with no disagreements on company matters. Richard MacPherson, the President and CEO, steps in as interim Chairman. The board opts not to fill the vacancy immediately. Leadership continuity holds firm amid the shift.
10-Q
Q1 FY2025 results
Birchtech's Q1 FY2025 revenue held steady at $3.2M, down 0.6% y/y but buoyed by licensing fees that surged to $525K from $141K, while product sales dipped to $2.7M from $3.1M. Gross profit climbed 9.4% y/y to $1.2M, lifting margins to 38.3% from 34.8%, yet operating expenses fell 27% to $2.6M amid lower legal costs, narrowing operating loss to $1.3M from $2.4M. Net loss improved to $1.7M or $0.02 per share from $2.9M or $0.03, with the gap to operating loss tied to a $353K fair-value hit on the related-party profit share liability. Cash dipped to $3.2M, with $254K used in operations and no free cash flow disclosed in the 10-Q; the $7.9M non-recourse profit share remains the sole debt, payable from litigation wins like the $57.1M verdict pending. Patent suits against utilities continue, but regulatory rollbacks on emissions standards pose a key risk.
10-K
FY2024 results
Birchtech Corp. reported FY2024 revenues of $17.4 million, down slightly from $17.6 million in FY2023, with sorbent product sales dipping to $14.5 million from $17.1 million due to a shift in customer plant operations, yet licensing revenue surged to $2.8 million from $0.4 million, fueled by a new utility agreement. Q4 2024 showed sequential improvement over Q3, with gross profit climbing to $7.1 million annually from $5.5 million, driven by higher-margin licensing that offset product declines; margins expanded as carbon costs fell. Patent litigation yielded a $57.1 million jury verdict in March 2024, though post-trial motions linger, while water treatment labs opened in 2024 signal diversification momentum. Liquidity tightened to $3.5 million cash by year-end after $12.6 million debt repayments, leaving a $2.7 million working capital deficit; no dividends or buybacks occurred. No annual guidance was disclosed. Regulatory rollbacks threaten quarterly mercury demand.
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