See more : Samsung Electronics Co., Ltd. (SSU.VI) 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 |
Midwest Energy Emissions Pursues $20 Million Nasdaq IPO
Midwest Energy Emissions Corp. has filed to raise $20 million in a Nasdaq IPO, although the final figure may differ.
ME2C Environmental sees its 3Q revenue surge 78% to $5M on higher sorbent product sales
Midwest Energy Emissions Corp, also known as ME2C Environmental (OTCQB:MEEC), has reported third-quarter 2021 revenue of $5.0 million, a 78% year-over-year increase, driven primarily by higher sorbent product sales due to increased supply demands in the coal-fired market, as well as...
Midwest Energy Emissions Corp. (MEEC) CEO Richard MacPherson on Q3 2021 Results - Earnings Call Transcript
Midwest Energy Emissions Corp. (MEEC) CEO Richard MacPherson on Q3 2021 Results - Earnings Call Transcript
ME2C® Environmental Reports Third Quarter 2021 Financial Results
Successful Patent Portfolio Monetization Efforts Drive 7 8 % Year-Over-Year Revenue Growth
ME2C® Environmental to Report Third Quarter 2021 Financial Results on November 15, 2021
CORSICANA, TX, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Midwest Energy Emissions Corp. (OTCQB: MEEC) ("ME2C Environmental" or the “Company”), a leading environmental technologies firm, will host a conference call on Monday, November 15, 2021, at 4:30 PM Eastern Time to...
ME2C® Environmental Provides Recent Operational Summary and Preliminary Third Quarter 2021 Revenues
Company Expects Q3 Revenue of At Least $4.9 Million , Representing Highest Revenue Quarter in Over Three Years
ME2C® Environmental to Present at LD Micro Main Event on October 12, 2021
Management to Present Wednesday , October 1 3 th at 11 :00 a .m. ET
ME2C® Environmental to Present at The Microcap Rodeo: Fall Harvest Best Ideas Investor Conference
Management to Present Wednesday , October 6 th at 2 : 3 0 p.m. ET
ME2C® Environmental Announces a New License Agreement of its Patented Technology with a Midwest Utility
CORSICANA, TX, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Midwest Energy Emissions Corp. (OTCQB: MEEC) ("ME2C Environmental" or the “Company”), a leading environmental technologies firm, announced the signing of a five-year, license agreement with a utility in the Midwest to provide...
ME2C® Environmental Completes Initial Testing of its Rare Earth Element Technology
The Company to Continue with Testing of its Emerging Technology in REE Extraction & Processing to Provide a Path Forward to In-Field Tests
Source: https://incomestatements.info
Category: Stock Reports