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Birchtech ( (BCHT) ) just unveiled an update.
Birchtech Corp. has announced that it will restate its financial statements for the years 2022, 2023, and 2024 due to an error in revenue recognition related to a licensing agreement. The company’s board and audit committee, in consultation with their current auditors, determined that revenue from the agreement was under-recognized in 2022, leading to the need for restatement of financials. This adjustment affects the company’s reported revenue but does not impact cash balances or cash flows.
More about Birchtech
YTD Price Performance: -5.66%
Average Trading Volume: 86,818
Technical Sentiment Signal: Buy
Current Market Cap: $48.11M
For detailed information about BCHT stock, go to TipRanks’ Stock Analysis page.