AIRJOULE TECHNOLOGIES CORP C/WTS 15/03/2029(TO PUR COM) | 10-Q: FY2025 Q2 EPS: USD 0.04

EPS: As of FY2025 Q2, the actual value is USD 0.04.

EBIT: As of FY2025 Q2, the actual value is USD 954.33 K.

Operational Metrics

• Net Income: For the three months ended June 30, 2025, net income was $2.5 million, compared to $13.4 million for the same period in 2024, a decrease of $10.9 million.
• Loss from Operations: For the three months ended June 30, 2025, the loss from operations was -$4.2 million, compared to -$4.3 million for the same period in 2024.
• General and Administrative Expenses: Increased to $3.8 million for the three months ended June 30, 2025, from $3.2 million in the same period in 2024.
• Research and Development Expenses: Decreased to $0.4 million for the three months ended June 30, 2025, from $1.1 million in the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: For the six months ended June 30, 2025, net cash used was -$2.2 million, compared to -$17.6 million for the same period in 2024.
• Net Cash Used in Investing Activities: For the six months ended June 30, 2025, net cash used was -$10.0 million, primarily due to contributions to the AirJoule JV.
• Net Cash Provided by Financing Activities: For the six months ended June 30, 2025, net cash provided was $14.7 million, primarily from the April 2025 PIPE Offering.

Unique Metrics

• Equity Loss from Investment in AirJoule, LLC: For the three months ended June 30, 2025, the equity loss was -$2.1 million, compared to -$0.6 million for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to manufacture initial AirJoule systems capable of producing more than 1,000 liters per day in 2025 for customer demonstrations, with commercial sales expected in 2026.
• Non-Core Business: The company is expected to contribute additional capital to the AirJoule JV based on a business plan and annual operating budgets agreed with GE Vernova.