Sector: Utilities | Industry: Natural Gas Utilities |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2990 REDHILL AVE COSTA MESA CA 92626 |
Tel: | N/A |
Website: | cetyinc.com |
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 |