CleanCore Solutions Stock Price, News & Analysis

CleanCore Solutions, developer of aqueous ozone technology, reported a business update for Q3 FY2024 and appointed Clayton Adams as CEO and Chairman. Key highlights include completing an IPO with gross proceeds of $5 million, starting NYSE American trading on April 26, 2024, and securing new customer relationships and Green Seal certifications.

Despite a decrease in Q3 revenue to $0.3 million from $0.6 million in the same period of 2023, the company projects a 75% sales increase sequentially in Q4 2024. They attribute this to a shift from distributor to direct sales models and new customer pilots in major airports and hospitality groups. CleanCore is also set to benefit from PFAS chemical bans and holds a strong cash position post-IPO. However, net loss increased to $0.5 million due to higher advertising and administrative expenses.

CleanCore Solutions (NYSE American: ZONE) has announced a new partnership with Byrd Hotel Group to deploy its patented aqueous ozone technology across all Byrd-operated Sonesta properties.

The initial installation will cover the first four locations, featuring products like Power Caddies, O3 Cleanpaks, Ice Machines, Fill Stations, and Laundry units. The move aims to enhance cleanliness, remove harmful chemicals, and offer significant cost savings, such as a 75% reduction in laundry detergent costs.

Both Byrd Hotel Group and CleanCore executives are optimistic about the partnership's potential for growth and profitability in the hospitality sector.

On May 23, 2024, CleanCore Solutions announced it received two new Green Seal certifications (GS-51 and GS-53) for its aqueous ozone technology. This follows their previously granted GS-37 certification. These certifications affirm CleanCore's commitment to sustainability and health, positioning their product as a safer cleaning solution. Chief Revenue Officer Gary Hollst and CEO Doug Moore highlighted the growing demand for CleanCore's patented technology across various industries, emphasizing its environmental responsibility, cost-efficiency, and high cleaning performance.

CleanCore Solutions has announced the installation of its Power Caddy units at a major international airport in the Northeastern US. The units utilize CleanCore's patented aqueous ozone technology for chemical-free, safe, and cost-effective disinfection. Following successful pilot testing, these installations aim to enhance sustainability, safety, and reduce labor and material costs. CEO Douglas T. Moore highlights the suitability of Power Caddies for large, high-traffic areas like airports. Additionally, the company reports rapid growth in its sales pipeline across various sectors, including transportation, hospitality, manufacturing, and education.

CleanCore Solutions, Inc. (NYSE American: ZONE) applauds recent bans and restrictions on PFAS 'Forever Chemicals' by the U.S. Environmental Protection Agency (EPA). The company supports the EPA's designation of PFAS as hazardous substances and new workplace safety requirements, marking a milestone in environmental responsibility. CleanCore's aqueous ozone technology offers a safe and effective alternative to PFAS, contributing to a cleaner and healthier environment.

CleanCore Solutions, Inc. (NYSE American: ZONE) expands its relationship with Harry Reid International Airport by deploying additional Power Caddy units for disinfection and cleaning. The airport's adoption of CleanCore's technology showcases a commitment to passenger and employee safety. The expanded partnership highlights CleanCore's ability to strengthen client relationships based on technology effectiveness and cost savings.

CleanCore Solutions, Inc. completed its initial public offering, selling 1,250,000 shares at $4.00 per share, raising $5,000,000 in gross proceeds. After expenses, the company received approximately $3,760,000 in net proceeds. The funds will be used for debt repayment, research and development, intellectual property, and general corporate purposes. The stock began trading on NYSE American under the ticker symbol 'ZONE' on April 26, 2024. The offering was conducted through a prospectus filed with the SEC and declared effective on April 25, 2024.

CleanCore Solutions, Inc. provided a corporate update announcing the appointment of new members to its Board of Directors. The company's patented aqueous ozone technology offers a chemical-free cleaning solution, gaining traction in various industries. With increasing demand for safe and effective cleaning solutions, CleanCore aims to capitalize on the expanding global service cleaning market. The newly appointed directors bring expertise in operations, capital markets, and corporate finance, enhancing the company's growth prospects.