OriginClear, Inc.
0.0013+0.00 (+8.33%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCPK · OCLN · USD
Key Stats
Market Cap
20.10MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
8-K
Board leadership transition
OriginClear's board saw a swift leadership shift on August 27, 2025, when Director Stephen Hall resigned from his roles, including Chairman of the Audit and Compensation Committees. Cory Mertes stepped in immediately as Director and took over both committee chairs. This change streamlines oversight amid the company's ongoing operations. No further details on rationale or impacts disclosed.
10-Q
Q2 FY2025 results
OriginClear's 10-Q filing for the quarter ended June 30, 2025, provides no financial statements or key metrics, leaving investors without revenue, profitability, or liquidity details to assess performance. The document outlines standard SEC disclosures, confirming compliance with Exchange Act requirements but omitting any y/y or q/q deltas, EPS figures, or cash flow data. No M&A, debt, or regulatory events are detailed. Non-GAAP metrics are not disclosed in the 10-Q. Shares outstanding stood at 15,460,684,088 as of August 14, 2025. Filing lacks substance. Competition remains a key risk from Risk Factors.
10-Q
Q1 FY2025 results
OriginClear posted Q1 revenue of $2.1M, up 122% y/y from $0.9M, fueled by equipment contracts jumping to $1.5M from $0.4M as projects hit billing stages. Gross profit swung to $0.7M (33.0% margin) from a $0.1M loss, while operating loss narrowed to $0.8M from $1.9M on 15% lower expenses. Net loss improved to $0.8M from $16.1M, thanks to a $1.4M gain on derivative revaluation offsetting $0.8M preferred stock compensation; the gap stems from stock-based comp and interest. Cash climbed to $1.9M on $1.5M financing inflows, yet $23.4M debt and $3.3M preferred dividends loom large. Post-quarter, WODI refocused on financing, sunsetting MWS. Defaults on $0.4M senior preferred persist.
8-K
Massive share issuances disclosed
OriginClear issued over 14 billion shares of common stock on April 1, 2025, converting convertible promissory notes, while its subsidiary Water on Demand issued 8.5 million shares similarly. Additional issuances included 17.3 million shares for a former executive's buy-out, 1.7 million for services, and 841,000 as dividends to preferred holders on March 31. All relied on Section 4(a)(2) exemptions. This massive dilution hits shareholders hard.
10-K
FY2024 results
OriginClear's FY2024 revenue dipped 17% year-over-year to $5.5 million, with cost of goods sold falling to $4.6 million, yet operating losses widened to $7.1 million amid higher selling and administrative expenses. Q4 saw no disclosed quarterly breakdowns, but early 2025 momentum surged with WODI's overall revenue up 417% in January versus prior year, fueled by PWT's 250% and MWS's 552% gains from expanded sales networks and partnerships. Net loss ballooned to $19.0 million, driven by $11.8 million in other expenses including derivative fluctuations and a $2.4 million SPAC impairment, far exceeding operating shortfalls due to debt conversions and fair-value shifts. Liquidity strained at $0.6 million cash against $24.0 million debt, offset by $5.9 million in financing inflows; no dividends or buybacks noted. No 2025 guidance provided. Revenue hinges on market adoption of decentralized tech.
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