See more : Flügger group A/S (FLUG-B.CO) Income Statement Analysis – Financial Results
Complete financial analysis of Midwest Energy Emissions Corp. (MEEC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Midwest Energy Emissions Corp., a leading company in the Industrial – Pollution & Treatment Controls industry within the Industrials sector.
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Midwest Energy Emissions Corp. (MEEC)
Industry: Industrial - Pollution & Treatment Controls
Sector: Industrials
Website: https://www.me2cenvironmental.com
About Midwest Energy Emissions Corp.
Midwest Energy Emissions Corp., an environmental services and technology company, engages in developing and delivering solutions to the power industry worldwide. It provides mercury capture solutions. Its Sorbent Enhancement Additive (SEA) technology provides total mercury control, providing solutions that are based on a thorough scientific understanding of actual and probable interactions involved in mercury capture in coal-fired flue gas. The company was incorporated in 1983 and is headquartered in Corsicana, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.94M | 21.62M | 13.01M | 8.16M | 11.42M | 12.30M | 27.50M | 32.35M | 12.63M | 2.79M | 1.67M | 788.07K | 458.08K | 81.94K | 7.00K | 106.90K | 592.37K | 841.15K | 334.11K | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 12.17M | 14.60M | 7.94M | 5.44M | 8.34M | 9.15M | 19.02M | 23.03M | 8.63M | 1.48M | 370.64K | 233.12K | 443.93K | 0.00 | 0.00 | 54.68K | 196.90K | 551.13K | 212.19K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 5.77M | 7.02M | 5.07M | 2.72M | 3.08M | 3.15M | 8.48M | 9.32M | 4.00M | 1.31M | 1.30M | 554.95K | 14.16K | 81.94K | 7.00K | 52.22K | 395.47K | 290.02K | 121.92K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 32.15% | 32.48% | 38.99% | 33.32% | 26.99% | 25.60% | 30.85% | 28.80% | 31.68% | 46.91% | 77.79% | 70.42% | 3.09% | 100.00% | 100.00% | 48.85% | 66.76% | 34.48% | 36.49% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 338.38K | 0.00 | 764.05K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.85M | 7.41M | 3.04M | 2.90M | 5.11M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.00K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.99M | 0.00 | 338.38K | 413.82K | 764.05B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 14.21M | 6.12M | 5.93M | 5.94M | 6.43M | 5.89M | 8.47M | 7.26M | 5.97M | 7.41M | 5.01M | 3.31M | 5.11M | 2.22M | 5.39M | 2.53M | 2.60M | 5.29M | 478.68K | 2.77K | 2.32K | 0.00 | 10.00K |
| Other Expenses | -11.21M | -801.52K | -531.44K | 23.54K | -374.46K | 2,048.13B | -219.33K | 0.00 | -1.12M | 387.12K | 80.66K | 280.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 14.21M | 6.12M | 5.93M | 5.94M | 6.43M | 5.89M | 8.47M | 7.26M | 6.36M | 7.80M | 5.52M | 3.73M | 5.88M | 2.22M | 5.39M | 2.53M | 2.60M | 5.29M | 478.68K | 2.77K | 2.32K | 0.00 | 10.00K |
| Cost & Expenses | 26.38M | 20.72M | 13.87M | 11.38M | 14.76M | 15.04M | 27.49M | 30.29M | 14.99M | 9.28M | 5.89M | 3.97M | 6.32M | 2.22M | 5.39M | 2.59M | 2.80M | 5.84M | 690.87K | 2.77K | 2.32K | 0.00 | 10.00K |
| Interest Income | 0.00 | 1.57M | 2.82M | 2.66M | 2.39M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 884.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.36M | 1.57M | 2.82M | 2.66M | 2.39M | 1.98M | 2.15M | 4.91M | 6.21M | 2.72M | 711.65K | 261.53K | 54.26K | 148.18K | 281.04K | 274.33K | 179.85K | 80.65K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 259.38K | 554.81K | 678.83K | 713.05K | 894.37K | 658.11K | 1.35M | 913.20K | 131.74K | 256.14K | 176.39K | 417.74K | 22.63K | 27.01K | 145.05K | 847.38K | 269.44K | 186.61K | 125.45K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 8.00M | 561.78K | -112.96K | -2.45M | -2.80M | -2.13M | 1.37M | -11.13M | -7.62M | -1.90M | -3.97M | -3.30M | -9.39M | -444.56K | -5.24M | -1.86M | -1.98M | -4.81M | -231.32K | 9.03K | -2.32K | 0.00 | -10.00K |
| EBITDA Ratio | -108.08% | 3.04% | -5.48% | -30.41% | -24.76% | -17.22% | 4.17% | 7.81% | -15.54% | -218.31% | -242.51% | -350.13% | -498.64% | -345.68% | -22,658.80% | -1,528.67% | -327.14% | -572.16% | -69.23% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | -8.66M | 102.47K | -1.39M | -3.19M | -3.72M | -2.78M | -208.28K | 2.06M | -3.69M | -6.49M | -4.22M | -3.98M | -9.42M | -2.14M | -5.38M | -2.48M | -2.21M | -5.00M | -356.76K | -2.77K | -2.32K | 0.00 | -10.00K |
| Operating Income Ratio | -48.26% | 0.47% | -10.70% | -39.15% | -32.60% | -22.57% | -0.76% | 6.36% | -29.20% | -232.17% | -253.08% | -504.65% | -2,055.84% | -2,611.10% | -76,890.90% | -2,321.38% | -372.62% | -594.35% | -106.78% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 15.04M | -2.47M | -2.75M | -2.60M | -2.74M | -2.05M | -2.37M | -18.15M | -10.53M | 1.48M | -630.99K | -801.04K | -3.61M | 0.00 | -3.65M | -495.61K | -179.85K | -80.65K | 0.00 | 79.63K | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 6.38M | -1.56M | -3.61M | -5.82M | -6.08M | -4.79M | -2.36M | -17.36M | -14.26M | -5.01M | -4.85M | -3.98M | -9.42M | -3.97M | -9.03M | -2.98M | -2.39M | -5.08M | -356.76K | -2.77K | -2.32K | 0.00 | -10.00K |
| Income Before Tax Ratio | 35.55% | -7.23% | -27.74% | -71.28% | -53.28% | -38.99% | -8.59% | -53.66% | -112.90% | -179.21% | -290.90% | -504.78% | -2,055.84% | -4,843.56% | -129,050.83% | -2,785.00% | -402.98% | -603.94% | -106.78% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 473.21K | 18.00K | 23.00K | 10.00K | 14.00K | 22.15K | 540.42K | -472.67K | 5.95M | -4.07M | -80.66K | 439.54K | 7.14M | 3.66M | 7.30M | 221.28K | 1.60K | 800.00 | 800.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | 5.90M | -1.58M | -3.63M | -5.83M | -6.10M | -4.82M | -2.90M | -16.88M | -14.26M | -5.01M | -4.85M | -3.88M | -9.50M | -4.12M | -9.31M | -2.98M | -2.39M | -5.08M | -357.56K | -2.77K | -2.32K | 0.00 | -10.00K |
| Net Income Ratio | 32.91% | -7.31% | -27.92% | -71.41% | -53.41% | -39.17% | -10.56% | -52.20% | -112.90% | -179.21% | -290.90% | -492.09% | -2,073.24% | -5,024.40% | -133,065.74% | -2,785.00% | -403.25% | -604.03% | -107.02% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 0.06 | -0.02 | -0.04 | -0.07 | -0.08 | -0.06 | -0.04 | -0.33 | -0.32 | -0.13 | -0.14 | -0.12 | -0.32 | -0.22 | -8.05 | -8.49 | -6.81 | -15.04 | -2.50 | -0.03 | -0.03 | 0.00 | -0.14 |
| EPS Diluted | 0.06 | -0.02 | -0.04 | -0.07 | -0.08 | -0.06 | -0.04 | -0.33 | -0.32 | -0.13 | -0.14 | -0.12 | -0.32 | -0.22 | -8.05 | -8.49 | -6.81 | -15.04 | -2.50 | -0.03 | -0.03 | 0.00 | -0.14 |
| Weighted Avg Shares Out | 94.17M | 90.03M | 85.86M | 77.82M | 76.53M | 76.14M | 75.06M | 50.65M | 44.16M | 39.14M | 34.28M | 33.14M | 29.33M | 18.95M | 1.16M | 350.67K | 350.67K | 337.72K | 142.77K | 87.06K | 82.21K | 80.00K | 70.00K |
| Weighted Avg Shares Out (Dil) | 97.45M | 90.03M | 85.86M | 77.82M | 76.53M | 76.14M | 75.06M | 50.65M | 44.16M | 39.14M | 34.28M | 33.14M | 29.33M | 18.95M | 1.16M | 350.67K | 350.67K | 337.72K | 142.77K | 87.06K | 82.21K | 80.00K | 70.00K |
ME2C® Environmental to Initiate Testing on Rare Earth Element Technology with Penn State University's College of Earth & Mineral Sciences
New Testing Signifie s the Company's Next Phase in REE Technology Development & Commercialization
Midwest Energy Emissions: SEA Change Underway, Don't Miss The Rising Tide Lifting This Boat
Roughly half the US coal power plants are infringing on MEEC's SEA technology used to capture toxic mercury emissions from coal exhaust and preventing it from entering the atmosphere. MEEC has secured license agreements with the top four users of...
ME2C Environmental inks debt repayment deal with Alterna Capital Partners
Midwest Energy Emissions Corp (OTCQB:MEEC), known as ME2C Environmental, announced a debt repayment agreement with Alterna Capital Partners affiliate AC Midwest Energy, in which all ME2C's existing secured and unsecured debt obligations will be converted into ME2C equity. ME2C said...
ME2C® Environmental Announces Debt Repayment Agreement with Alterna Capital Partners
Debt Repayment and Exchange to Simplify Capital Structure Ahead of Planned Near-Term Uplisting
ME2C® Environmental to Present at LD Micro Invitational XI
Management to Present Thursday , June 10 th at 3:00 p.m. ET
Wall Street gives back most of its morning gains
12:15pm: Major indices sneak below the flatline and rise again The Dow tumbled from a promising start and dipped into the red before landing up 26 points to 34,420 in early afternoon. The Nasdaq was up 10 points to 13,671, and the S&P 500 added...
ME2C Environmental says US District Court Magistrate Judge issues recommendation that its pending patent litigation should be allowed to move forward
Midwest Energy Emissions Corp. (OTCQB:MEEC), known as ME2C Environmental, has announced that on May 20, 2021, a US District Court Magistrate Judge for the District of Delaware issued a Report and Recommendation that pending patent litigation which commenced in 2019...
ME2C® Environmental Announces Court Approval to Proceed with Litigation Claims Against Refined Coal Entities
Response from the U.S District Court in Delaware Allows Litigation Proceedings to Move Forward
Midwest Energy Emissions Corp. (MEEC) CEO Richard MacPherson on Q1 2021 Results - Earnings Call Transcript
Midwest Energy Emissions Corp. (MEEC) CEO Richard MacPherson on Q1 2021 Results - Earnings Call Transcript
ME2C Environmental sees revenue surge 171% to $3M in 1Q on strong sorbent product sales
Midwest Energy Emissions Corp (OTCQB:MEEC), known as ME2C Environmental, reported its 1Q results showing a 171% bump in year-over-year revenue at $3 million from $1.1 million for the quarter. The environmental technologies firm saw most of its revenue come from sorbent...
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