Birchtech Reports Second Quarter 2025 Financial Results
Birchtech (OTCQB: BCHT) reported Q2 2025 financial results with revenues of $3.3 million, slightly down from $3.4 million in Q2 2024. The company's gross profit was $1.0 million (29.8% margin), compared to $1.1 million (31.6%) in the prior year. Net loss improved to $1.5 million ($0.02 per share) from $6.2 million ($0.07 per share) year-over-year.
Key highlights include a pending $160 million patent infringement judgment request and revised guidance for air business revenues of $18 million in 2025. The company expects its air business annual revenue run-rate to reach $40 million by end of 2026. Birchtech strengthened its leadership team with two key appointments and plans to expand into water treatment business with initial sales expected in H2 2025.
Birchtech (OTCQB: BCHT) ha comunicato i risultati finanziari del secondo trimestre 2025 con ricavi per $3,3 milioni, in lieve calo rispetto ai $3,4 milioni del Q2 2024. Il margine lordo è stato di $1,0 milione (29,8%), rispetto a $1,1 milione (31,6%) dell’anno precedente. La perdita netta si è ridotta a $1,5 milione (0,02$ per azione) rispetto a $6,2 milioni (0,07$ per azione) su base annua.
I punti chiave includono una richiesta di giudizio per violazione di brevetto di $160 milioni in corso e una previsione rivista dei ricavi del segmento aria a $18 milioni per il 2025. L’azienda prevede che il run-rate annuo del business aria raggiungerà $40 milioni entro la fine del 2026. Birchtech ha rafforzato il team dirigenziale con due nomine strategiche e intende espandersi nel trattamento delle acque, con le prime vendite previste nella seconda metà del 2025.
Birchtech (OTCQB: BCHT) informó sus resultados financieros del segundo trimestre de 2025 con ingresos de $3.3 millones, ligeramente inferiores a los $3.4 millones del Q2 2024. El beneficio bruto fue de $1.0 millón (margen 29.8%), frente a $1.1 millón (31.6%) del año anterior. La pérdida neta mejoró hasta $1.5 millón (0.02$ por acción) desde $6.2 millones (0.07$ por acción) interanual.
Entre los puntos destacados figura una solicitud de fallo por infracción de patente por $160 millones y una guía revisada que sitúa los ingresos del negocio de aire en $18 millones para 2025. La compañía espera que la tasa anual de ingresos del negocio de aire alcance $40 millones para finales de 2026. Birchtech reforzó su equipo directivo con dos nombramientos clave y planea entrar en el negocio del tratamiento de agua, con las primeras ventas previstas en la segunda mitad de 2025.
Birchtech (OTCQB: BCHT)는 2025년 2분기 실적을 발표하며 매출액이 $330만으로 2024년 2분기의 $340만에서 소폭 감소했다고 밝혔습니다. 매출총이익은 $100만(마진 29.8%)으로 전년의 $110만(31.6%)보다 줄었습니다. 순손실은 연간 기준으로 $150만(주당 $0.02)로 개선되어 이전의 $620만(주당 $0.07)에서 크게 감소했습니다.
주요 내용으로는 진행 중인 $1억6천만 달러의 특허침해 판결 청구와 2025년 공기 사업 매출 가이던스를 $1800만으로 수정한 점이 있습니다. 회사는 공기 사업의 연간 매출 런레이트가 2026년 말까지 $4,000만에 도달할 것으로 기대합니다. Birchtech는 두 명의 핵심 임원 보강으로 리더십을 강화했으며 2025년 하반기 첫 매출을 목표로 수처리 사업으로의 확장을 계획하고 있습니다.
Birchtech (OTCQB: BCHT) a présenté ses résultats du deuxième trimestre 2025: chiffre d’affaires de 3,3 M$, en légère baisse par rapport aux 3,4 M$ du T2 2024. La marge brute s’est établie à 1,0 M$ (marge 29,8%), contre 1,1 M$ (31,6%) l’année précédente. La perte nette s’est réduite à 1,5 M$ (0,02$ par action) contre 6,2 M$ (0,07$ par action) sur un an.
Parmi les points marquants figurent une demande de jugement pour violation de brevet de 160 M$ en instance et une révision des prévisions pour le segment air à 18 M$ en 2025. La société prévoit que le run-rate annuel du métier air atteindra 40 M$ d’ici fin 2026. Birchtech a renforcé son équipe dirigeante par deux nominations clés et prévoit de se lancer dans le traitement de l’eau, avec des premières ventes attendues au second semestre 2025.
Birchtech (OTCQB: BCHT) meldete die Finanzergebnisse für das zweite Quartal 2025: die Erlöse beliefen sich auf $3,3 Millionen, leicht rückläufig gegenüber $3,4 Millionen im Q2 2024. Der Bruttogewinn lag bei $1,0 Million (Marche 29,8%) gegenüber $1,1 Million (31,6%) im Vorjahr. Der Nettoverlust verringerte sich auf $1,5 Million (0,02$ je Aktie) gegenüber $6,2 Millionen (0,07$ je Aktie) im Jahresvergleich.
Zu den Highlights zählt ein anhängiges Forderungsbegehren wegen Patentverletzung in Höhe von $160 Millionen sowie eine angepasste Prognose für die Air-Sparte mit Einnahmen von $18 Millionen in 2025. Das Unternehmen erwartet, dass die Jahresertrags-Run-Rate der Air-Sparte bis Ende 2026 $40 Millionen erreichen wird. Birchtech hat sein Führungsteam mit zwei Schlüsselernennungen gestärkt und plant den Einstieg in das Wasseraufbereitungs-Geschäft, wobei erste Umsätze für das zweite Halbjahr 2025 erwartet werden.
- None.
- Revenue declined to $3.3M from $3.4M year-over-year
- Gross margin decreased to 29.8% from 31.6% year-over-year
- Cash position decreased to $1.5M from $3.5M since December 2024
- R&D expenses increased by $0.5M compared to zero in prior year
Second Quarter 2025 Revenues Totaled
CORSICANA, Texas, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Birchtech Corp. (TSX: BCHT) (OTCQB: BCHT) ("Birchtech" or the "Company"), a leader in specialty activated carbon technologies for sustainable air and water treatment, today reported financial results for the second quarter ended June 30, 2025.
Key Second Quarter 2025 & Subsequent Operational Highlights
- Pending final judgment following the
$57 million patent infringement verdict, from which the Company’s counsel requested$160 million inclusive of enhancements, interest and legal fees. - Management provided revised guidance of air business revenues of at least
$18 million in 2025 (excludes water treatment and judgments in defense of IP), reflecting a timing shift as legal proceedings and prospective customer existing contract expirations extend expected onboarding timelines. - Air business annual revenue run-rate expected to be at least
$40 million by the end of 2026. - Appointed Dr. David Mazyck as the Executive Director of Innovation and Commercialization, who oversees Birchtech’s technology development for water treatment and is concurrently directing the commercialization activities for the Company’s water business.
- Appointed Christopher Rinaldi as Director of Strategic Operations, bringing over 30 years of executive experience within the water treatment sector across North America.
- Exhibited at key industry and investor conferences including the American Water Works Association’s 2025 Annual Conference & Expo, the Planet MicroCap Showcase, and the LD Micro Invitational XV.
Management Commentary
"In the second quarter of 2025, we achieved consistent revenues in our core air business while positioning our water business for growth with new leadership and expected upcoming initial sales in the second half of this year,” said Richard MacPherson, CEO of Birchtech. “In our established air business, we continued to build on our patent defense and business-first approach with post-trial outreach to offer non-licensed adopters of our technology an opportunity to enter into license or product supply agreements. Following the
“Additional federal government support for clean coal is further ensuring a longer operational runway for our core air business. In April, a U.S. Environmental Protection Agency (EPA) and President Donald J. Trump Proclamation granted a two-year exemption to certain coal-fired power plants from compliance with the updated Mercury Air Toxics Standards (“MATS”) introduced under the Biden Administration’s Clean Power Plan 2.0 in 2024. This action allowed 47 major coal plant owners and more than 60 plants - vital to maintaining grid stability - to remain online through at least 2029 without being burdened by recently introduced regulatory add-ons.
“In our new water treatment business, we reached a pivotal stage in our technology development and bolstered our leadership to strengthen future prospects and secure a strong market position in the water sector. Revenues in our water treatment business are expected to begin in the second half of this year from water treatment services and sale of granular activated carbon and other products for water treatment applications.
“Looking ahead, we continue to prioritize protection of our clean air technology patents as we position the company for strategic expansion into advanced water purification solutions. In our core air business, we believe revenue will accelerate with IP wins and associated revenues from licensing, momentum from current customers, and governmental support of the U.S. coal-fired power sector. In our new water business, we have built an exceptional commercial team to scale our technology and is expected to generate revenue in the near term, working towards future optionality to buy or build our own production facilities for granular activated carbons in water purification. On the capital markets front, we remain focused on pursuing a listing to a major U.S. exchange by year-end,” concluded MacPherson.
Second Quarter 2025 Financial Results
Revenues totaled
Gross profit totaled
Operating expenses consisted of selling, general and administrative expenses (“SG&A”) and research and development expenses (“R&D”) in 2025 and SG&A in 2024. SG&A expenses were approximately
Total R&D expenses were approximately
Net loss for the second quarter of 2025 improved to
Adjusted EBITDA, a non-GAAP measure, totaled (
Cash as of June 30, 2025 totaled
Second Quarter 2025 Earnings Conference Call
Management will host an investor conference call at 5:00 p.m. Eastern time today, August 14, 2025, to discuss Birchtech's second quarter 2025 financial results, provide a corporate update and conclude with a question-and-answer session for telephone participants. To participate, please use the following information:
Second Quarter 2025 Earnings Conference Call
Date: Thursday, August 14, 2025
Time: 5:00 p.m. Eastern time
U.S./Canada Dial-in: 1-877-407-0792
International Dial-in: 1-201-689-8263
Conference ID: 13755018
Webcast: BCHT Q2 2025 Earnings Conference Call
Please dial in at least 10 minutes before the start of the call to ensure timely participation.
A telephone playback of the call will be available through Thursday, September 4, 2025. To listen, call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally, using replay pin number 13755018. A webcast replay will be available for one year, using the webcast link above.
About Birchtech Corp.
Birchtech Corp. (TSX: BCHT) (OTCQB: BCHT) is a leader in specialty activated carbon and water treatment technologies, serving as America’s Clean Coal and Clean Water Company by delivering innovative solutions for air and water purification to support a cleaner, more sustainable future. The Company provides patented SEA® sorbent technologies for mercury emissions capture for the coal-fired utility sector and is developing disruptive water purification technologies with a specialization on forever chemicals such as PFAS and PFOS. Backed by a strong intellectual property portfolio and a world-class team of activated carbon experts, Birchtech provides cleaner air to North American communities and is applying this expertise to a novel approach in water purification. To learn more, please visit www.birchtech.com.
Non-GAAP Financial Measures
To supplement our consolidated financial statements presented in accordance with GAAP and to provide investors with additional information regarding our financial results, we consider and are including herein Adjusted EBITDA, a Non-GAAP financial measure. We view Adjusted EBITDA as an operating performance measure and, as such, we believe that the GAAP financial measure most directly comparable to it is net income (loss). We define Adjusted EBITDA as net income adjusted for interest and financing fees, income taxes, depreciation, amortization, stock-based compensation, and other non-cash income and expenses. We believe that Adjusted EBITDA provides us an important measure of operating performance because it allows management, investors, debtholders and others to evaluate and compare ongoing operating results from period to period by removing the impact of our asset base, any asset disposals or impairments, stock based compensation and other non-cash income and expense items associated with our reliance on issuing equity-linked debt securities to fund our working capital.
Our use of Adjusted EBITDA has limitations as an analytical tool, and this measure should not be considered in isolation or as a substitute for an analysis of our results as reported under GAAP, as the excluded items may have significant effects on our operating results and financial condition. Additionally, our measure of Adjusted EBITDA may differ from other companies’ measure of Adjusted EBITDA. When evaluating our performance, Adjusted EBITDA should be considered with other financial performance measures, including various cash flow metrics, net income and other GAAP results. In the future, we may disclose different non-GAAP financial measures in order to help our investors and others more meaningfully evaluate and compare our future results of operations to our previously reported results of operations.
The following table shows our reconciliation of net income (loss) to adjusted EBITDA for the quarters and six months ended June 30, 2025 and 2024, respectively:
| For the Three Months Ended | For the Six Months Ended | |||||||||||||||
| June 30, | June 30, | June 30, | June 30, | |||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| (In thousands) | (In thousands) | |||||||||||||||
| Net loss | $ | (1,542 | ) | $ | (6,147 | ) | $ | (3,221 | ) | $ | (9,002 | ) | ||||
| Non-GAAP adjustments: | ||||||||||||||||
| Depreciation and amortization | 105 | 58 | 176 | 120 | ||||||||||||
| Interest | - | 6 | - | 252 | ||||||||||||
| Change in fair value of profit share | 377 | 2,690 | 729 | 2,955 | ||||||||||||
| Income taxes | - | - | - | - | ||||||||||||
| Stock based compensation | 20 | 137 | 80 | 907 | ||||||||||||
| Adjusted EBITDA | $ | (1,040 | ) | $ | (3,256 | ) | $ | (2,236 | ) | $ | (4,768 | ) | ||||
Safe Harbor Statement
With the exception of historical information contained in this press release, content herein may contain "forward-looking statements" that are made pursuant to the Safe Harbor Provisions of the U.S. Private Securities Litigation Reform Act of 1995 or forward-looking information under applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements are generally identified by using words such as "anticipate," "believe," "plan," "expect," "intend," "will," and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. Forward-looking statements in this release include statements relating to expected developments and growth in Birchtech’s business, as well as any revenue guidance provided. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. In addition, this release contains time-sensitive information that reflects management’s best analysis only as of the date of this release. Birchtech does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance or other forward-looking statements contained in this release can be found in Birchtech’s periodic filings with the Securities and Exchange Commission or Canadian securities regulators.
Investor Relations Contact:
Lucas A. Zimmerman
Managing Director
MZ Group - MZ North America
(949) 259-4987
BCHT@mzgroup.us
www.mzgroup.us
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