ME2C Environmental reports preliminary 2022 revenue of $21.6M, up 66% YoY; expects 50%+ growth in 2023

Birchtech Corp.

2023-FY EPS reported -$0.02 revenue$21,620,153

Preliminary unaudited revenue for FY2022 of $21.6M, exceeding prior guidance, 66% growth over 2021.
Expects 50%+ year-over-year growth to continue in 2023, supported by new license and supply contracts.
Patent infringement trial against major refined coal companies scheduled for mid-November 2023; damage claims substantial.
Negotiated stock buy-back option for up to ~7.5M shares at $0.50/share; extended all major debt through three-year agreement.
Pursuing unlicensed utility users; management believes this could double recurring revenue base.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

Birchtech Corp. reported the full year ended December 31, 2022 results: revenue $21.6 Million.

Period: the full year ended December 31, 2022
Revenue: $21.6 Million
Result: preliminary results

Exact text from the filing

The unaudited revenues are expected to exceed our earlier projected revenue guidance for 2022 and should show revenue of $21.6 Million for the year-ended December 31, 2022.

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Source: SEC EDGAR

accession 0001477932-23-000366

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