CleanCore Solutions FY2024 revenue falls 33% to $1.6M; gross margin improves to 49.6%

CleanCore Solutions, Inc.

Revenue of $1.6M for fiscal 2024, down from $2.4M in 2023 due to shift to direct sales model.
Gross margin increased to 49.6% from 29.9%; gross profit rose 9% year over year.
Net loss narrowed to $2.3M from $5.3M in the prior year, driven by lower G&A expenses.
Cash and equivalents of $2.0M at June 30, 2024; current cash of $1.85M provides over two years of runway.
Company expects to be cash flow positive within next 12 months; reports record sales pipeline.

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