CLNV
Clean Vision Corporation0.0089
-0.0001-1.33%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
10.26MP/E (TTM)
-Basic EPS (TTM)
-0.02Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Clean Vision nudged revenue up 78% y/y to $62K in Q3 FY2025 ended September 30, 2025, all from Morocco pyrolysis ops, yet operating loss widened to $1.2M from $925K on higher G&A. Nine-month revenue rose 16% y/y to $125K, with net loss steady at $5.5M attributed to Clean Vision; EPS holds at $(0.01) across 987M diluted shares (anti-dilutive). Cash climbed to $2M (incl. $1.4M restricted), buoyed by $6.8M commercial loan draw, while total debt hit $36M. Capex surged on West Virginia buildout. Morocco off-taker concentration risks revenue.
10-Q
Q2 FY2025 results
Clean Vision posted Q2 revenue of $52,612, up 124% y/y from $23,455 yet down q/q as Morocco pyrolysis sales softened; gross margin hit 85% versus 48% y/y. Operating loss widened to $1.9M from $874K on consulting and G&A tied to West Virginia buildout, while net loss shrank to $417K from $1.8M thanks to $2.2M derivative gains offsetting $703K interest. Cash climbed to $3.5M with $6.8M commercial loan draw (Term SOFR+3.75%, due 2027); operating cash burn hit $4.0M, FCF not disclosed in the 10-Q. Property and equipment doubled to $7.3M for U.S. facility. Debt overhang persists. Ongoing Borders Consulting litigation risks cash.
8-K
Secures $595K via notes, revenue pact
Clean Vision inked convertible notes with GS Capital ($137,500 principal, $125,000 proceeds, 12% interest, matures Feb 2026) on May 13 and Coventry ($300,000 principal, $270,000 proceeds, matures May 2026) on May 27, issuing 17.5M commitment shares total. Added KBI revenue deal for $200,000, paying $3,334 monthly from July 2025, and filed Series D preferred terms July 22. Dilution looms large.
10-Q
Q1 FY2025 results
Clean Vision's Q1 FY2025 revenue fell 79% y/y to $10,525 from Morocco pyrolysis ops, while gross margin dropped to $8,581; operating loss narrowed to $1.0M from $1.3M as consulting and professional fees fell 37% and 68%. Yet net loss widened to $3.3M, driven by $1.7M unfavorable derivative fair-value change and $0.6M interest versus prior gain. Cash climbed to $1.8M (q/q +39% derived) via $3.3M commercial loan draw, funding $284K capex; free cash flow not disclosed in the 10-Q. Debt totals ~$15M amid multiple convertibles in default. Morocco supplies all revenue. Litigation risk lingers.
10-K
FY2024 results
Clean Vision posted FY2024 revenue of $231K from its Morocco pyrolysis ops, down 10% y/y from $257K in FY2023 as Clean-Seas Morocco processed plastic waste into pyrolysis oil—but gross margins exploded to 95% from 63% thanks to near-zero feedstock costs and lower expenses. Operating loss narrowed to $7.3M while net loss hit $14M, driven by $5.6M interest (mostly $4.7M debt discount amortization) and $1.4M convertible note penalties; no Q4 breakdowns disclosed. Secured $15M West Virginia loan for 50 TPD facility (Q3 2025 launch) and $1.75M forgivable incentive, boosting cash to $1.3M. Morocco expansion stalled on equipment. Ongoing convertible note defaults risk dilution. Litigation delays conversions.
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