AIRJOULE TECHNOLOGIES CORP C/WTS 15/03/2029(TO PUR COM) | 10-Q: FY2025 Q1 EPS: USD 0.26

EPS: As of FY2025 Q1, the actual value is USD 0.26.

Operational Metrics

• Net Income: $14,878,658 for the three months ended March 31, 2025, compared to $181,555,292 for the same period in 2024, reflecting a decrease of $166,676,634.
• Loss from Operations: -$3,190,200 for the three months ended March 31, 2025, compared to -$56,391,309 for the same period in 2024.
• General and Administrative Expenses: $2,786,484 for the three months ended March 31, 2025, compared to $813,239 for the same period in 2024.
• Research and Development Expenses: $387,919 for the three months ended March 31, 2025, compared to $846,157 for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $72,246 for the three months ended March 31, 2025, compared to -$6,425,437 for the same period in 2024.
• Net Cash Used in Investing Activities: -$5,135,239 for the three months ended March 31, 2025, compared to -$10,000,000 for the same period in 2024.
• Net Cash Provided by Financing Activities: $41,760 for the three months ended March 31, 2025, compared to $43,467,010 for the same period in 2024.

Unique Metrics

• Change in Fair Value of Earnout Shares Liability: $12,832,000 gain for the three months ended March 31, 2025, compared to a loss of $7,672,000 for the same period in 2024.
• Change in Fair Value of Subject Vesting Shares Liability: $5,474,000 gain for the three months ended March 31, 2025, compared to a loss of $2,425,000 for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to manufacture AirJoule units capable of producing more than 1,000 liters per day in 2025 for customer demonstrations, with expectations to scale capacities for commercial sales in 2026.
• Non-Core Business: The company has entered into a joint venture with GE Vernova, contributing $5.0 million in February 2025, with plans to contribute up to an additional $90.0 million based on agreed business plans and annual operating budgets.
• Priority: The company anticipates significant growth opportunities by offering AirJoule in global markets where demand for water, dehumidified air, and cooling are highest, estimating the combined total addressable market to be approximately $450 billion.