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Earnings

Birchtech Reports Third Quarter 2025 Financial Results

By The Northwire Desk — AI Analysis Nov 13, 2025 · 16:05 BCHT · 1.05 BIRCHTECH CORP
BCHT · Price

Executive Summary

  • Birchtech Corp. reported Q3 2025 revenue of $7.4 M, a 41% increase year‑over‑year, and net income of $0.8 M versus a loss in the prior year.
  • The company secured four new air‑business licensing agreements with coal‑fired utilities and commercialized its water‑treatment solutions, generating ~$0.9 M of purchase orders.
  • Management highlighted progress toward profitability, ongoing litigation judgment expectations (up to $160 M), and expanded collaborations for water‑utility testing.

Key Details

  • Financial Performance
  • Revenue: $7.4 M (↑41% YoY).
  • Gross profit: $4.0 M (54.8% of revenue, up from $1.6 M).
  • SG&A expenses: ~$2.7 M (flat YoY).
  • R&D expenses: $0.5 M (vs. $0 in prior year quarter).
  • Net income: $0.8 M ($0.01 per diluted share), reversing a $0.5 M loss YoY.
  • Adjusted EBITDA: $1.0 M (↑$1.5 M YoY).

  • Cash balance: $1.8 M as of Sep‑30‑2025 (down from $3.5 M at year‑end 2024).

  • Licensing & Commercial Agreements

  • Four non‑exclusive air‑business licensing agreements with large regional coal‑fired utilities, including two utilities previously involved in litigation.

  • Potential to convert these licenses into long‑term product supply contracts.

  • Water‑Treatment Business Milestones

  • First commercialization: purchase orders totaling ~​$0.9 M from a mid‑Atlantic power utility for filtration media replacement services.

  • Collaboration with Civil & Environmental Consultants to provide Rapid Scale Column Testing (RSSCT) for hundreds of water‑utility clients nationwide.

  • Litigation Update

  • Pending final judgment on a $57 M patent infringement verdict; counsel seeks $160 M including enhancements, interest, and legal fees.

  • Investor Relations

  • Earnings conference call scheduled for Nov 13 2025 at 5:00 p.m. ET (dial‑in details provided).
  • Call replay available through Dec 4 2025; webcast replay for one year.

Notable Quotes

“The third quarter marked a clear transition point towards profitability… our air business remains the backbone of our operations, generating consistent, high‑margin revenue while expanding through new licensing agreements.” – Richard MacPherson, CEO

“We achieved a major milestone with the first commercialization of our water treatment solutions, supported by approximately $0.9 M in purchase orders…” – Richard MacPherson, CEO

Read the original news release →

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