Birchtech Reports Third Quarter 2024 Financial Results
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Birchtech Corp. reported its Q3 2024 financial results, showing a net loss of $0.47 million despite revenues of $5.2 million. The company has $4.4 million in cash and a working capital of $3.6 million. They repaid the principal balance to AC Midwest Energy, leaving only a non-recourse profit share liability.
November 14, 2024 | 1:30 pm
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Birchtech Corp. reported a net loss of $0.47 million for Q3 2024, with revenues of $5.2 million. The company has $4.4 million in cash and a working capital of $3.6 million. They have repaid the principal balance to AC Midwest Energy.
The net loss and higher total costs compared to revenues suggest financial challenges, which could negatively impact the stock price in the short term. However, the repayment of the principal balance to AC Midwest Energy is a positive step in reducing liabilities.
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IMPORTANCE 80
RELEVANCE 100