See more : Outlook Therapeutics, Inc. (OTLK) Income Statement Analysis – Financial Results
Complete financial analysis of Blue Biofuels, Inc. (BIOF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Blue Biofuels, Inc., a leading company in the Chemicals – Specialty industry within the Basic Materials sector.
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Blue Biofuels, Inc. (BIOF)
About Blue Biofuels, Inc.
Blue Biofuels, Inc., through its subsidiaries, focuses on technologies in the renewable energy, biofuels, and bioplastics technologies sectors. The company develops Cellulose-to-Sugar (CTS 2.0), a mechanical/chemical dry process for converting cellulose material into sugar and lignin for use in the biofuels industry. It also has license for Vertimass Process to convert ethanol into bio-jet fuel. The company was formerly known as Alliance Bioenergy Plus, Inc. and changed its name to Blue Biofuels, Inc. in August 2021. Blue Biofuels, Inc. was incorporated in 2012 and is based in Palm Beach Gardens, Florida.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 60.00K | 0.00 | 134.32K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 216.79K | 138.46K | 131.72K | 40.12K | 0.00 | 34.80K | 0.00 | 73.85K | 233.76K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -216.79K | -138.46K | -131.72K | -40.12K | 60.00K | -34.80K | 134.32K | -73.85K | -233.76K | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 100.00% | 0.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 1.85M | 2.35M | 1.10M | 763.16K | 797.86K | 619.97K | 736.75K | 19.51K | 27.64K | 0.97 | 0.00 | 0.00 |
| General & Administrative | 1.24M | 1.54M | 1.03M | 1.23M | 1.04M | 2.30M | 4.31M | 4.30M | 5.33M | 7.68M | 2.29M | 135.09 |
| Selling & Marketing | -121.61K | 0.00 | 0.00 | 0.00 | 0.00 | 3.31K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.12M | 1.54M | 1.03M | 1.23M | 1.04M | 2.35M | 4.31M | 4.30M | 5.33M | 7.68M | 2.29M | 135.09 |
| Other Expenses | 0.00 | 1.50K | 33.48K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -125.86K | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 2.97M | 3.89M | 2.14M | 1.99M | 1.84M | 2.97M | 5.05M | 4.30M | 5.33M | 7.68M | 2.29M | 135.09 |
| Cost & Expenses | 3.19M | 3.89M | 2.14M | 1.99M | 1.84M | 3.01M | 5.05M | 4.30M | 5.33M | 7.68M | 2.29M | 135.09 |
| Interest Income | 0.00 | 29.41 | 33.77 | 190.19 | 0.00 | 1.49K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.93 |
| Interest Expense | 97.78K | 29.41K | 33.77K | 190.19K | 0.00 | 0.00 | 902.92K | 1.28M | 189.39K | 11.15K | 12.03K | 0.00 |
| Depreciation & Amortization | 216.79K | 138.46K | 131.72K | 40.12K | 31.38K | 34.80K | 85.46K | 73.85K | 233.76K | 13.04K | 5.90K | 135.09 |
| EBITDA | -2.74M | -3.79M | -2.01M | -1.95M | 1.04M | -7.89M | -9.27M | -4.38M | -5.28M | -8.01M | -2.29M | -4.93 |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 0.00% | -2,908.83% | 0.00% | -3,739.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | -3.19M | -3.93M | -2.17M | -1.99M | -1.78M | -3.01M | -4.91M | -4.30M | -5.33M | -7.68M | -2.29M | -135.09 |
| Operating Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | -2,961.13% | 0.00% | -3,658.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 134.56K | -27.91K | 32.56K | -190.19K | 2.78M | -6.41M | -5.35M | -5.18M | -495.61K | -357.80K | -12.03K | -4.93 |
| Income Before Tax | -3.06M | -3.96M | -2.14M | -2.18M | 1.01M | -9.42M | -10.26M | -9.48M | -5.83M | -7.90M | -2.30M | -140.01 |
| Income Before Tax Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 1,675.18% | 0.00% | -7,638.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | 1.06K | 33.77K | 190.19K | -140.48K | 2.00 | 2.40K | -708.03K | -981.97K | 2.04M | 12.03K | -4.93 |
| Net Income | -3.06M | -3.96M | -2.17M | -2.37M | 1.01M | -9.42M | -10.26M | -8.77M | -4.84M | -9.94M | -2.30M | -140.01 |
| Net Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 1,675.18% | 0.00% | -7,640.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | -0.01 | -0.01 | -0.01 | -0.01 | 0.01 | -0.07 | -0.13 | -0.15 | -0.12 | -0.27 | -0.11 | -0.01 |
| EPS Diluted | -0.01 | -0.01 | -0.01 | -0.01 | 0.01 | -0.07 | -0.13 | -0.15 | -0.12 | -0.27 | -0.11 | -0.01 |
| Weighted Avg Shares Out | 299.95M | 278.83M | 269.64M | 229.88M | 166.07M | 137.56M | 77.60M | 57.62M | 38.99M | 37.03M | 20.27M | 19.31K |
| Weighted Avg Shares Out (Dil) | 299.95M | 278.83M | 269.64M | 229.88M | 166.07M | 137.56M | 77.60M | 57.62M | 38.99M | 37.03M | 20.27M | 19.31K |
Blue Biofuels Engages Engineering Company GMP to Start Engineering & Design for Cellulosic Ethanol Production Facility
PALM BEACH GARDENS, FL, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Blue Biofuels, Inc. (OTCQB: BIOF). Blue Biofuels, a pioneer in the renewable energy sector, has officially contracted with the engineering firm, Global Management Partners (GMP), to produce Front-End Loading (FEL-2)...
Blue Biofuels Produces Ethanol in High Yield from Multiple Feedstocks in its Upscaled CTS Process
Blue Biofuels Inc. Achieves Major Milestone in Commercializing Cellulose-to-Sugar (CTS) Technology with Cellulosic Ethanol from Multiple Feedstocks
Blue Biofuels Receives Canadian Patent on CTS Process
PALM BEACH GARDENS, FL, May 21, 2024 (GLOBE NEWSWIRE) -- Blue Biofuels, Inc. (OTCQB: BIOF). Blue Biofuels, Inc., (“the Company”) is pleased to announce that it has received a Notice of Allowance in Canada for the primary patent on its...
EPA Registers Vertigas20 -- Green Gasoline to be Produced by VertiBlue Fuels
PALM BEACH GARDENS, FL, May 01, 2024 (GLOBE NEWSWIRE) -- Blue Biofuels, Inc. (OTCQB: BIOF). VertiGas20, a renewable gasoline product, is now registered to be sold as 20% blends in conventional gasoline to help mitigate transportation carbon emissions.
Blue Biofuels Makes First Cellulosic Ethanol
PALM BEACH GARDENS, FL, March 26, 2024 (GLOBE NEWSWIRE) -- Blue Biofuels, Inc. (OTCQB: BIOF). Blue Biofuels Inc. ("BIOF") continues to make substantial strides in advancing its Cellulose-to-Sugar (CTS) technology towards commercial scale. The company has achieved a significant milestone...
Blue Biofuels and Vertimass Forge Partnership to Start Production of Sustainable Aviation Fuel
PALM BEACH GARDENS, FL, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Blue Biofuels, Inc. (OTCQB: BIOF). Blue Biofuels Inc. and Vertimass, LLC, have created a partnership to employ Vertimass' proprietary Consolidated Alcohol Deoxygenation and Oligomerization (CADO) technology to produce sustainable aviation...
Blue Biofuels Reveals the Highly Positive Impact of the Inflation Reduction Act on Its Business Outlook
PALM BEACH GARDENS, FL, July 25, 2023 (GLOBE NEWSWIRE) -- Blue Biofuels, Inc. (OTCQB: BIOF). Blue Biofuels (the “Company”) would like to update its shareholders on the recently passed Inflation Reduction Act and its impact on the Company. The Company...
Blue Biofuels Receives Department of Energy Grant for Groundbreaking Renewable Fuels Technology
PALM BEACH GARDENS, FL, July 11, 2023 (GLOBE NEWSWIRE) -- Blue Biofuels, Inc. (OTCQB: BIOF). Blue Biofuels (the “Company”) announces today the receipt of a prestigious Department of Energy (DOE) Small Business Innovation Research (SBIR) Phase 1 grant. The grant,...
Blue Biofuels: A Lucrative Business Model With A Focus On 2 Future Environmental Mega-Trends
The negative environmental impact of non-biodegradable plastic pollution continues, as the industry looks for alternatives that are environmentally friendly and do not rely on petroleum-based polymers. It is estimated that roughly 8.3 billion tons of plastic have been produced globally during...
Blue Biofuels: Inflation And Rising Corn Prices Could Make Cellulosic Alternatives For Biofuels Highly Attractive
The inflationary forces that are currently at work in the U.S. economy will continue to cause much higher prices for many commodities, including corn. Corn is a primary feedstock for ethanol producers and as its price rises, so do the...
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