Quarterly ResultMay 13, 2026, 04:08 PM
Birchtech Q1 Revenue $4.2M; Launches SEA-IX™ with $1M Orders
AI Summary
Birchtech Corp. reported first-quarter 2026 revenues of $4.2 million, a 32% increase year-over-year, primarily driven by growth in water treatment and air business. The company launched its new nuclear-grade ion exchange resin product line, SEA-IX™, securing approximately $1 million in initial purchase orders. Birchtech also initiated collection efforts on an approximately $78 million final judgment from a patent infringement case and successfully uplisted to the NYSE American, raising $16.4 million in gross proceeds. The net loss improved to $1.3 million, or $0.06 per share, from $1.7 million, or $0.09 per share, in the prior year.
Key Highlights
- Q1 2026 revenues increased 32% to $4.2 million year-over-year.
- Launched SEA-IX™ nuclear-grade ion exchange resin line with $1 million in initial orders.
- Initiated collection efforts on an approximately $78 million patent infringement judgment.
- Uplisted to NYSE American with a public offering raising $16.4 million gross proceeds.
- Net loss improved to $1.3 million, or $0.06 per share, from $1.7 million YoY.
- Adjusted EBITDA loss improved to ($1.0) million from ($1.2) million YoY.
- Cash totaled $14.7 million as of March 31, 2026, with no debt.
- SG&A expenses decreased to $2.0 million from $2.2 million YoY due to lower legal fees.