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Carnegie Clean Energy Ltd
(OTC:CCE)
Carnegie Clean Energy Ltd (CCE) vs. S&P 500 (SPY)
Carnegie Clean Energy Ltd Business Overview & Revenue Model
Carnegie Clean Energy Ltd Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 356.52K | 346.92K | 383.74K | 321.94K | 60.95K | 117.67K | Gross Profit |
| 204.21K | 194.61K | -59.19K | 321.94K | 60.95K | -1.05M | EBIT |
| -1.99M | -2.41M | -2.47M | -2.32M | -1.47M | -1.79M | EBITDA |
| -2.01M | -1.99M | -176.56K | -2.00M | -199.41K | -1.24M | Net Income Common Stockholders |
| -2.39M | -2.32M | -630.40K | -1.92M | -931.85K | -275.52K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 6.88M | 3.73M | 2.00M | 4.10M | 3.63M | 3.41M | Total Assets |
| 78.58M | 22.40M | 22.49M | 21.52M | 21.99M | 21.21M | Total Debt |
| 0.00 | 34.22K | 110.92K | 167.62K | 47.16K | 2.95M | Net Debt |
| -6.88M | -3.69M | -692.95K | -927.42K | -1.59M | 538.81K | Total Liabilities |
| 866.32K | 1.30M | 1.26M | 785.90K | 544.94K | 3.34M | Stockholders Equity |
| 77.62M | 21.10M | 21.22M | 20.73M | 21.45M | 17.86M |
| Cash Flow | Free Cash Flow | ||||
| -2.49M | -1.85M | -2.84M | -50.86K | -1.14M | -2.10M | Operating Cash Flow |
| -2.56M | -1.83M | -1.72M | 960.54K | 166.91K | -1.42M | Investing Cash Flow |
| -15.76K | 1.88M | -1.12M | -1.01M | -1.31M | -664.17K | Financing Cash Flow |
| 4.10M | 1.68M | 745.70K | 512.38K | 1.36M | 5.25M |
Carnegie Clean Energy Ltd Technical Analysis
Carnegie Clean Energy Ltd Peers Comparison
Carnegie Clean Energy Ltd Corporate Events
Carnegie Clean Energy has launched a new InvestorHub to enhance engagement with shareholders and potential investors, providing insights into the company’s activities and projects. This platform will facilitate direct communication with the leadership team and offer regular updates, supporting Carnegie’s growth and global expansion efforts, including projects like ACHIEVE CETO deployment and collaboration with Hewlett Packard Enterprises.
Carnegie Clean Energy has signed a contract with the Biscay Marine Energy Platform (BiMEP) to deploy and test its CETO wave energy technology at the BiMEP site in the Basque Country, under the ACHIEVE Programme. This deployment is a significant step in the commercialisation of CETO, designed to achieve key technical and commercial outcomes, and is supported by various European energy programs. The collaboration with BiMEP will provide Carnegie with access to world-class facilities and infrastructure, facilitating the integration of CETO into the energy grid, and is expected to enhance Carnegie’s positioning in the ocean energy industry.
Carnegie Clean Energy Limited announced that its subsidiary, Carnegie Technologies Spain, has received a milestone payment of €317,945 from the Basque Energy Agency for its ACHIEVE+ Project. This project is part of Carnegie’s broader ACHIEVE Programme, which involves deploying the CETO technology at the Biscay Marine Energy Platform in Spain. The payment was facilitated by Export Finance Australia and marks the commencement of work under the ACHIEVE+ contract. This initiative is a significant step in the commercialisation of CETO technology, aiming to validate its performance over a two-year deployment.
Carnegie Clean Energy Ltd reported a 7.3% increase in revenue from ordinary activities for the half-year ending December 31, 2024, compared to the previous year. Despite the revenue growth, the company experienced a net loss of $1,303,479, marking a 2.6% decrease in losses from the previous period. No dividends were declared for the period, and the net tangible asset backing per ordinary security decreased from 1.72 cents to 1.22 cents. This financial performance reflects ongoing challenges in achieving profitability while operating in the renewable energy sector.
Carnegie Clean Energy Ltd announced changes to its Board of Directors, with Non-Executive Director Anthony Shields stepping up as the new Non-Executive Chairman following the retirement of Terry Stinson. Under Stinson’s leadership, Carnegie progressed as a leader in ocean energy technologies, and Shields aims to continue this trajectory, focusing on technical and commercial strategies and exploring new opportunities in the expanding ocean energy market. The transition is expected to maintain strong governance and strategic direction, as the company continues its projects in Spain and Tasmania and seeks new funding and project sites worldwide.
Carnegie Clean Energy Ltd announced significant progress in its ACHIEVE Programme, securing financial backing and strengthening industry collaborations, including an extended agreement with Hewlett Packard Enterprise. The company successfully completed the design phase of its CETO wave energy technology, paving the way for its deployment in the Basque Country. These advancements highlight Carnegie’s commitment to commercializing its wave energy technologies and underline its strategic positioning within the renewable energy sector, with implications for future growth and sustainability in the market.