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We are a provider of specialty activated carbon technologies, delivering innovative solutions for air and water purification. We provide patented and proprietary technologies for mercury emissions capture to the coal-fired utility sector, and are developing disruptive water purification technologies with a specialization on forever chemicals such as PFAS and PFOS.
The business is unprofitable at the operating level (-17.19% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 1.3%, essentially flat. This is a business that needs a catalyst.
Negative free cash flow of -$729K. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$19M
▲ +1.3% YoY
Net Income (TTM)
-$3M
▲ +72.0% YoY
Op. Margin
-15.21%
▲ +23.9pp YoY
ROIC
-73.21%
▲ +375.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$3M
▲ +85.2% YoY
Op. Cash Flow (TTM)
-$3M
▲ +82.9% YoY
Net Debt
-$14M
Net Cash Position
Cash & Equiv.
$15M
5Y CAGR: +16.7%
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