Purecycle Technologies Inc (OQ:PCT)
Business Focus: Waste Management, Disposal & Recycling Services
| Sector: Industrials | Industry: Environmental Services & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 4651 Salisbury Rd Suite 400 JACKSONVILLE FL 32256 |
| Tel: | N/A |
| Website: | https://purecycle.com |
| IR: | See website |
| Key People | ||
| Daniel M. Coombs Executive Chairman of the Board | Dustin Olson Chief Executive Officer, Director | Jaime Vasquez Chief Financial Officer | Brad S. Kalter General Counsel, Corporate Secretary |
| Business Overview |
| PureCycle Technologies, Inc. is commercializing a patented purification recycling technology (the Technology), originally developed by The Procter & Gamble Company, for restoring waste polypropylene into resin with near-virgin characteristics, called ultra-pure recycled (UPR) resin. Its process includes two steps: Feed Pre-Processing (Feed PreP) and the use of the Technology for purification. The Feed PreP step will collect, sort, and prepare polypropylene waste (feedstock) for purification. The purification step is a purification recycling process that uses a combination of solvent, temperature, and pressure to return the feedstock to near-virgin condition through a novel configuration of commercially available equipment and unit operations. The purification process puts the plastic through a physical extraction process using critical fluids that both extract and filter out contaminants and purify the color, opacity, and odor of the plastic without changing the bonds of the polymer. |
| Financial Overview |
| For the three months ended 31 March 2024, Purecycle Technologies Inc revenues was not reported. Net loss increased from $25.8M to $85.6M. Higher net loss reflects Change in fair value of warrants increase from $4.8M to $13.9M (expense), Depreciation increase from $1.3M to $8.3M (expense), Operating costs - Balancing value increase of 79% to $12.9M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.16 to -$0.52. |
| Employees: | 146 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,141M as of Mar 31, 2024 |
| Annual revenue (TTM): | $0.00M as of Mar 31, 2024 |
| EBITDA (TTM): | -$107.17M as of Mar 31, 2024 |
| Net annual income (TTM): | -$161.48M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$240.94M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $260.39M as of Mar 31, 2024 |
| Shares outstanding: | 164,630,907 as of May 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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