Revenue Growth
BioLargo achieved a large increase in revenue, reaching $14 million for the first nine months of 2024 and projecting over $19 million on an annual basis.
Odor and VOC Control Success
The O&M segment, particularly through partnership with Pooph, continues to be a major revenue driver, with presence in 35,000 retail outlets and aiming for 80,000.
Investment in Clyra
Significant investments in Clyra with $1.6 million in equipment and preparation for a large-scale launch expected in Q1 2025.
Positive Cash Position
BioLargo reported a cash balance of $3.9 million, with reduced third-party debt, indicating a strong financial position.
Battery Technology Potential
BioLargo's battery technology is positioned for the long-duration energy storage market, projected to reach $1 to $3 trillion by 2040, with potential global scalability.