Launch of Water Purification Business
Birchtech launched its water purification business in Q4 2024 with new patent-pending technologies and opened two new testing and consulting laboratory design centers.
Significant Legal Settlements
Birchtech secured significant settlements, including a $57 million jury award for patent infringement, with a final judgment request of $160 million pending.
Strong Revenue Growth
Revenue increased by 37% to $5.6 million in Q4 2024 compared to $4.1 million in the same year-ago quarter.
Increase in Gross Profit
Gross profit increased by 230% to $3.3 million, or 60% of total revenues, compared to $1 million, or 25%, in the same year-ago quarter.
New Licensing Agreements
Since 2020, Birchtech has obtained 10 new license agreements with coal-fired power utilities, with several converting to direct supply customers.
Expected Revenue Growth for Air Business
The air business is expected to reach $23 million in 2025, with a potential annual revenue run rate of $40 million by the end of 2026.
Entry into Water Treatment Market
Birchtech marked its entry into the water treatment market with a feedstock purchase agreement capable of generating an estimated $7-8 million in product sales.