Originclear Stock Price, News & Analysis

OriginClear Inc. (OTC Pink: OCLN) has acquired Fortune Rise Sponsor, LLC, the sponsor of Fortune Rise Acquisition Corp. (NASDAQ: FRLA), through its subsidiary, Water On Demand, Inc. The transaction, valued at $403,516.61, grants Water On Demand 2,343,750 shares of Class B Common Stock in the SPAC. This acquisition positions Water On Demand to leverage Fortune Rise's capabilities for potential strategic industry alignments. The SPAC focuses on business combinations in sectors aligned with its management’s expertise, enhancing growth prospects for OriginClear.

OriginClear Inc. reported remarkable growth for the third quarter of 2022, with revenue soaring 200% to $3.37 million compared to $1.12 million in Q3 2021. Gross profit rose 149% to $823,174. For the first nine months of 2022, revenue nearly tripled to $7.77 million, up 173% year-over-year. The company's loss from operations decreased significantly by $338,580 in Q3 and $936,866 for the nine-month period. Strategic investments in the new Water On Demand initiative are underway.

OriginClear Inc. (OTC Pink: OCLN) has signed an Equity Financing Agreement with GHS Investments to sell up to $25 million in registered common stock. This strategic move aims to clean up legacy shareholder commitments and simplify the company’s capital structure. Following a positive financial report, where revenue increased by 240% and gross profit rose by 288% for Q2 2022, the company's operational losses narrowed by $1.2 million. OriginClear continues to innovate in the clean water sector, promoting Water On Demand™ as a sustainable investment opportunity.

OriginClear Inc (OCLN) announces the commercial success of its EveraMOD pump station product line, which is gaining traction among cities and businesses as a sustainable water infrastructure solution. The product caters to a growing demand for durable, modular systems with a service life of up to 100 years. Notably, sales for EveraMOD have surged, contributing significantly to Modular Water Systems' revenue. The company expects a notable financial boost from a major national account, projecting up to $5 million in annual sales.

OriginClear Inc. (OTC Pink: OCLN) has announced a collaboration with real estate expert Ivan Anz to develop off-grid housing solutions. This project builds on their previous partnership, PhilanthroInvestors, which seeks to blend financial returns with human welfare.

OriginClear’s innovative Water On Demand™ program will provide self-sufficient water services, allowing property developers to avoid large upfront costs, facilitating development in regions like Florida and Utah.

OriginClear Inc (OCLN) reported a significant surge in sales for the three months ending June 30, 2022, with revenue increasing by 240% to $3,167,967 compared to $931,422 in the same period last year. Gross profit also soared by 288% to $685,474. For the first half of 2022, revenue rose 155% to $4,402,072, while gross profit increased by 64% to $460,724. Despite this growth, the company recorded a narrowed loss from operations, amounting to $(726,500) for Q2 2022.

OriginClear Inc. (OTC Pink: OCLN) has successfully delivered its pre-engineered EveraBOX™ to the Beaver Falls Municipal Water Authority. This system facilitates a low-risk Liquid Ammonium Sulfate (LAS) disinfection for water treatment. The EveraBOX is constructed from durable materials, mitigating supply chain issues faced by traditional systems. The company aims to offer efficient, cost-saving water solutions while promoting sustainable practices through initiatives like Water On Demand™.

OriginClear Inc (OTC Pink: OCLN) has appointed Castle Placement as its exclusive placement agent to raise capital for its Water On Demand™ program, targeting up to $300 million from accredited and institutional investors and $75 million for unaccredited investors. The funds will primarily finance water recycling equipment. This initiative aligns with increasing legal requirements for local water recycling, as seen in cities like San Francisco and Los Angeles. The program offers potential long-term royalties, capitalizing on the growing demand for onsite water recycling.

OriginClear Inc (OTC Pink: OCLN) announces a surge in demand for its Modular Water Systems as major US cities mandate decentralized water recycling systems in large buildings. The company's systems, designed for efficiency and cost-effectiveness, have recorded purchase orders nearly equal to all of 2021 in just one month. Key cities like San Francisco, Los Angeles, and New York City are leading this shift, indicating a growing trend toward water independence. OriginClear's innovative Water On Demand™ program offers financing solutions, further solidifying its position in the market.