Breaking News: Birchtech’s Third Quarter 2024 Financial Report Unveiled!
Corsicana, Texas–(Newsfile Corp. – November 14, 2024) – 8:07 AM ET
Birchtech Corp. (TSX: BCHT) (OTCQB: BCHT) (“Birchtech” or the “Company”), a leading environmental technologies firm, has reported financial results for the third quarter ended September 30, 2024.
The Company reports the following highlights for the period ended September 30, 2024:
Q3 Financial Summary Highlights (USD):
- Cash on hand of $4.4 million
- Working capital of $3.6 million
- 1.9 to 1 ratio of current assets to current liabilities
- Revenues of $5.2 million for Q3 2024
- Total costs and expenses of $6.0 million for Q3 2024
- Net loss of $0.47 million for Q3 2024
- Repayment of remaining principal balance due to AC Midwest Energy on its unsecured note, leaving only non-recourse profit share liability outstanding
Additional information can be found in the Company’s Form 10-Q for the quarterly period ended September 30, 2024, filed with the Securities and Exchange Commission on November 14, 2024.
How will this news affect me?
As a shareholder or potential investor in Birchtech, this financial report will give you valuable insights into the company’s performance and financial health. The information provided can help you make informed decisions about your investments in the company.
How will this news affect the world?
As a leading environmental technologies firm, Birchtech’s financial results can have a broader impact on the world. Positive financial performance could mean continued innovation and development of sustainable technologies that contribute to environmental conservation efforts globally.
Conclusion:
In conclusion, Birchtech’s Third Quarter 2024 Financial Report provides a detailed look into the company’s financial standing and performance. Shareholders and investors can use this information to assess their investments, while the world at large can look forward to continued advancements in environmental technologies from Birchtech.
