Originclear Stock Price, News & Analysis

OriginClear Inc. (OTC Pink: OCLN) announced a $300 million capital offering for its subsidiary, Water on Demand, Inc. (WODI), during the Prestel Family Office Forum in London. This funding initiative targets accredited investors via Manhattan Street Capital, aiming to provide clean water as a managed service without upfront capital costs. WODI's program is likened to master limited partnerships, promising investors potential long-term royalties from water projects. Initial funding for WODI is secured, and they are qualifying participants for a commercial pilot program.

OriginClear Inc (OTC Pink: OCLN) reported approximately $1.5 Million in purchase orders for May 2022, significantly higher than the $1,774,880 received for all of 2021. The orders include diverse projects such as waste management for a power plant and wastewater lift stations. The company plans to further develop its Modular Water Systems division, launching it as a separate entity with substantial ownership. President Daniel Early emphasized rising demand for modular systems to alleviate municipal sewage connections.

OriginClear Inc (OCLN) reported a significant 55% revenue increase to $1,234,105 for the three months ending March 31, 2022, compared to $796,178 in the same period last year. Despite this growth, the company faced challenges with the cost of sales rising to $1,458,855, leading to a gross profit loss of $(224,750). Operating losses increased to $(1,761,927), attributed to investments in the new Water On Demand™ initiative aimed at enhancing sales flexibility.

OriginClear Inc. (OTC Pink: OCLN) has announced the spin-off of its Water On Demand™ business, a fintech venture dedicated to financing private water utility programs. This initiative addresses the needs of underserved businesses reliant on municipal water systems. The spin-off allows investors to potentially earn royalties from these projects, with early investors receiving equity grants and dilution-protected shares. CEO Riggs Eckelberry emphasized the importance of clean water as a vital asset amid dollar inflation, anticipating the potential for significant investments in the sector.

OriginClear Inc. (OCLN) announced its 2021 financial results, reporting unchanged revenue of $4,143,744 from 2020. Sales grew over 40%, with booked orders surpassing $12 million. Quarterly sales jumped more than 200%, reaching $2,340,143 in Q4 2021. However, gross profit decreased by 7% to $569,684, and the net loss for 2021 was $(2,117,781), significantly down from a net income of $13,261,365 in 2020. The loss from operations increased by 25.85% to $(5,929,452).

OriginClear Inc. (OTC Pink: OCLN) announced a strategic partnership with Envirogen Technologies to enhance its Water On Demand™ service, which offers fully-outsourced water treatment solutions. This collaboration aims to leverage Envirogen's operational expertise to scale investor-financed projects. Additionally, OriginClear reported reaching a $1 million milestone in dedicated capital as part of a potential $300 million private placement. The partnership seeks to address America's deteriorating water infrastructure and create a evolving market for water investments.

OriginClear Inc. (OTC Pink: OCLN) announced a significant milestone, achieving $1 million in dedicated capital as part of its Water On Demand™ program. This initiative allows commercial clients to manage water treatment without substantial upfront costs. Furthermore, the company plans to allocate a portion of a $300 million private placement toward this program, offering investors 25% royalties on net profits secured by equipment interests. OriginClear aims to partner with regional water service firms to expand its services in response to increasing demand for private water treatment solutions.

OriginClear Inc (OTC Pink: OCLN) announced the appointment of Andrea d’Agostini as President and Chief Strategic Officer. His focus will be on expanding the $300 million Water On Demand™ program and enhancing the company’s visibility while preparing for a potential NASDAQ listing. d’Agostini has a proven track record in renewable energy with experience in elevating companies to multinational status. Additionally, Ken Berenger is promoted to Executive Vice President, recognizing his contributions to Water On Demand.

OriginClear reported a 20% revenue increase in Q3 2021, reaching $1,120,687 compared to $931,422 in Q2. Gross profits surged by 87% to $330,351, reflecting improved operational efficiency despite a narrowed operating loss of $(1,323,074).

Compared to Q3 2020, revenues rose 22%, while gross profits recovered from a loss to a positive figure. The company is optimistic about future growth, especially with the launch of its Water On Demand program.