earnings
confidence high
sentiment positive
materiality 0.75
PureCycle reports first revenue of $1.6M in Q1; Ironton onstream time reaches 90% in April
PureCycle Technologies, Inc.
2025-Q1 EPS reported
$0.05
revenue$1,580,000
- Revenue of approximately $1.6 million in Q1 2025, first reported revenue in company history.
- Sold $30.4M in exempt facility revenue bonds (Series 2020A) for net proceeds of ~$26.8M.
- Raised $33M via private placement of 4.1M shares at ~$8.07 per share.
- Ironton achieved record pellet production and nearly 90% onstream time in April; PureFive resin produced every day in April.
- Successful BOPP film trials with Brückner using 15-50% PureFive Choice blends; new PureFive Choice brand launched.