Clean Energy Technologies Inc (OQ:CETY)

Sector:  Utilities Industry:  Natural Gas Utilities
See Regulatory Filings on SEC
Company Contact
Address: 2990 REDHILL AVE
Tel: N/A
IR: See website
Key People
Kambiz Mahdi
Chairman of the Board, President, Chief Executive Officer
Calvin Pang
Chief Financial Officer, Director
Alexander Skorokhodov
Director of Technology
Business Overview
Clean Energy Technologies, Inc. designs and markets clean energy products and integrated solutions focused on energy efficiency and renewable energy. Its segments include Clean Energy HRS (HRS), CETY Europe, Engineering and Manufacturing Business, and Clean Energy Technologies (H.K.) Limited (CETY HK). Clean Energy HRS (HRS) engages in engineering, manufacturing and installing waste heat recovery solutions. CETY Europe is a subsidiary established in Italy for the purpose of servicing its customers in the European Union. Engineering and Manufacturing Business is a legacy electronics manufacturing business. CETY HK consists of two business ventures in mainland China, which is its natural gas (NG) trading operations sourcing and supplying NG to industries and municipalities; and its joint venture with a gas enterprise in China called Shenzhen Gas (Hong Kong) International Co. Ltd., acquiring natural gas pipeline operator facilities, located in the southwestern part of China.
Financial Overview
For the nine months ended 30 September 2023, Clean Energy Technologies Inc revenues increased from $2.6M to $11.7M. Net loss increased 90% to $2.6M. Revenues reflect Cety Europe segment increase from $14K to $774K, Clean Energy HRS segment increase from $20K to $394K. Higher net loss reflects Interest and Financing fees increase from $747K to $1.7M (expense), Salaries increase of 77% to $1M (expense).
Employees: 20 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $64.21M as of Sep 30, 2023
Annual revenue (TTM): $11.80M as of Sep 30, 2023
EBITDA (TTM): -$1.67M as of Sep 30, 2023
Net annual income (TTM): -$1.06M as of Sep 30, 2023
Free cash flow (TTM): -$4.16M as of Sep 30, 2023
Net Debt Last Fiscal Year: $2.64M as of Sep 30, 2023
Shares outstanding: 38,968,955 as of Nov 14, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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