Birchtech Q3 product revenue rises 15.7% on mercury emissions products demand

Overview

• US activated carbon tech firm's Q3 product revenue rose 15.7% yr/yr, driven by mercury emissions demand

• Total Q3 revenue fell yr/yr due to no licensing fees versus prior-year quarter

• Company repurchased shares under $5 mln buyback program in Q3

Outlook

• Company expects to begin supplying water treatment customers under GAC agreement in early 2027

• Birchtech aims to convert licensed coal-fired utilities into recurring SEA supply customers in 2027

• Company plans to advance offtake discussions for its first Carbon Rejuvenation facility in 2027

Result Drivers

• MERCURY EMISSIONS DEMAND - Co said stronger demand for mercury emissions products, driven by more extreme weather and higher natural gas prices, boosted product revenue

• WATER TREATMENT SALES - Co said initial sales to the water treatment market contributed to product revenue growth

• LOWER LEGAL COSTS - Co said SG&A expenses declined 35% yr/yr due to lower legal fees related to licensing activities

Company press release:

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• Wall Street's median 12-month price target for Birchtech Corp is $15.00, about 1,263.6% above its November 11 closing price of $1.10

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)