Clear Blue Technologies Provides Corporate Update and Preliminary Q3 2025 Financial Results

Executive Summary

• Clear Blue reported preliminary Q3 2025 revenue of ~$954k (158% YoY) and nine‑month revenue of $3.14 M (43% YoY), indicating strong top‑line growth.
• Adjusted EBITDA improved to a loss of $(332k) for the quarter (54% better than prior year) and $(944k) YTD, while net loss narrowed to $789k Q3 (50% improvement).
• Order bookings reached $5.73 M as of Nov 18 2025—a 161% increase versus full‑year 2024—driven by a repeat $1.5 M order from iSat Africa and expanding utility partnerships.

Key Details

• Revenue: Q3 2025 ≈ $953,972; nine‑month total ≈ $3,139,229 (↑158% QoQ, ↑43% YoY).
• Adjusted EBITDA: Q3 2025 ≈ $(332,264); YTD ≈ $(944,159) (improved 54% QoQ, 47% YoY).
• Net Loss: Q3 2025 ≈ $789,437; YTD ≈ $1,174,335 (down 50% QoQ, 71% YoY).
• Operating Expenses: Q3 2025 ≈ $861,614; YTD ≈ $2,809,421 (↓36% QoQ, ↓26% YoY).
• Bookings: Total 2025 bookings $5,734,699 vs. $2,196,669 in 2024 (↑161%). Includes $1.2 M recurring Energy‑as‑a‑Service fees.
• Recurring Revenue Share: Increased from 6% of new orders in 2024 to 20% in 2025.
• Working Capital: Approximately $1,050,998 as of Sep 30 2025.
• Key Order: Repeat $1.5 M contract with iSat Africa for sites in DRC, South Sudan, Liberia, Zambia; shipments slated over next two quarters.
• Utility Partnerships: New relationships with four North American power utilities; successful pilot tests completed.
• Government Incentive: Potential material cash impact from proposed 35% enhanced SR&ED tax credit pending budget approval.
• Full Financials Release: Scheduled for Nov 26 2025 after market close.

Notable Quotes

“Our transition to Clear Blue 2.0 has resulted in a stronger balance sheet, reduced debt, lower operating costs, and improved cashflow, along with the introduction of new products and strategic partnerships,” – Miriam Tuerk, Co‑Founder & CEO.