Clean Energy Technologies Inc (OQ:CETY)

Sector:  Utilities Industry:  Natural Gas Utilities
See Regulatory Filings on SEC
Company Contact
Address: 1340 REYNOLDS AVE, #120, IRVINE
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. is a clean energy manufacturing and services company, offering eco-friendly green energy solutions, clean energy fuels, and alternative electric power for small and mid-sized projects in North America, Europe, and Asia. Its segments include Clean Energy HRS & CETY Europe, CETY Renewables Waste to Energy Solutions, Engineering and Manufacturing Business, and CETY HK. The Clean Energy HRS & CETY Europe segment provides waste heat recovery solutions, converting thermal energy to zero emission electricity. The CETY Renewables Waste to Energy Solutions segment offers waste to energy technologies and solutions. The Engineering and Manufacturing Business provides customers with comprehensive design, manufacturing, and project management solutions. CETY HK is the parent company of its natural gas (NG) trading operations in China. Its principal products are waste heat recovery solutions using its patented Clean Cycle generator to create electricity.
Financial Overview
For the three months ended 31 March 2024, Clean Energy Technologies Inc revenues increased from $552K to $1.5M. Net loss increased 24% to $1.4M. Revenues reflect Cety HK segment increase from $541K to $1.2M, Clean Energy HRS segment increase from $11K to $72K. Higher net loss reflects Salaries increase from $159K to $511K (expense), Change in derivative liability decrease from $327K (income) to $0K.
Employees: 20 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $52.62M as of Mar 31, 2024
Annual revenue (TTM): $16.07M as of Mar 31, 2024
EBITDA (TTM): -$2.77M as of Mar 31, 2024
Net annual income (TTM): -$5.93M as of Mar 31, 2024
Free cash flow (TTM): -$5.06M as of Mar 31, 2024
Net Debt Last Fiscal Year: $1.53M as of Mar 31, 2024
Shares outstanding: 42,929,748 as of May 20, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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