Midwest Energy Emissions Corp (PK:MEEC)
Business Focus: Purification & Treatment Equipment
| Sector: Industrials | Industry: Environmental Services & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1810 Jester Drive CORSICANA TX 75109 |
| Tel: | N/A |
| Website: | https://www.me2cenvironmental.com |
| IR: | See website |
| Key People | ||
| Richard A. MacPherson President, Chief Executive Officer, Company Secretary, Director | Fiona Fitzmaurice Chief Financial Officer | John Pavlish Senior Vice President, Chief Technology Officer | James Trettel Vice President - Operations |
| Business Overview |
| Midwest Energy Emissions Corp. is an environmental technologies company developing and delivering patented and proprietary solutions to the global power industry, specializing in mercury emissions removal technologies. The Company provides mercury capture solutions driven by its patented two-part Sorbent Enhancement Additive (SEA) process using a combination of science and engineering. Its SEA technology provides total mercury control with solutions that are based on scientific understanding of actual and probable interactions involved in mercury capture in coal-fired flue gas. It designs systems and materials tailored and formulated specifically to each customer's coal-fired units. Its two-pronged solution consists of front-end additives put on the coal or directly into the boiler in minimal amounts combined with a back-end sorbent injection solution to ensure maximum mercury capture. Its processes also preserve fly ash which can be sold and recycled for beneficial use. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Midwest Energy Emissions Corp revenues decreased 17% to $17.9M. Net income totaled $5.9M vs. loss of $1.6M. Revenues reflect Product revenue segment decrease of 17% to $17.1M, Equipment revenue segment decrease of 75% to $55K. Net Income reflects Interest expense decrease of 13% to $1.4M (expense), Stock-based Compensation in SGA decrease of 23% to $520K (expense). |
| Employees: | 9 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $63.35M as of Dec 31, 2023 |
| Annual revenue (TTM): | $17.94M as of Dec 31, 2023 |
| EBITDA (TTM): | -$8.22M as of Dec 31, 2023 |
| Net annual income (TTM): | $5.90M as of Dec 31, 2023 |
| Free cash flow (TTM): | $19.23M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 94,267,296 as of Apr 17, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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