Clean Energy Technologies, Inc. reported first-quarter 2026 results with revenue rising to $783.7K while the company posted a net loss of $(662,200) and diluted EPS of $(0.05), largely reflecting a shift in revenue mix toward lower‑margin natural gas trading.
Financial Highlights
- Revenue was $783.7K for Q1 2026, compared with $441.9K in the year‑ago quarter; YoY change 77.4%.
- Net income was $(662,200) for Q1 2026, compared with $(660,058) in the year‑ago quarter; YoY change (0.3%).
- Diluted EPS was $(0.05) for Q1 2026, compared with $(0.21) in the year‑ago quarter.
Business Highlights
- Revenue growth was driven primarily by expansion of CETY HK natural gas trading activities in China, which increased top-line but lowered gross profit due to lower margins versus the company’s Heat Recovery Systems and renewables business.
- Demand for Heat Recovery solutions is accelerating in the U.S. and Europe, and engineering and project management capacity is being scaled to support global projects.
- A Vermont pilot Waste‑to‑Energy facility is pending final approval from the Vermont Public Utility Commission and issuance of a certificate of public good (CPG).
- Operating and salary expenses declined as VRG projects progress into final permitting, reflecting ongoing cost and resource optimization.
Original SEC Filing:
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