Company: BCHT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001477932-25-005905
Chunk: 76

Company: Birchtech Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 76
---
 Iowa action.  Such agreements provide such parties and their affiliates with a non-exclusive license to certain Company patents related to our two-part Sorbent Enhancement Additive (SEA®) process for use in connection with certain designated coal-fired power plants operated by them. Each agreement includes a one-time license fee which is to be paid within 30 days of signing of the agreement.  Such agreements provide us with the right to be included in each utility’s bidding process for certain product supply for mercury emissions capture at such party’s operated power plants. Such lawsuit will continue against the other non-affiliated defendants named in the Southern District of Iowa action.

 29Table of Content

Results of Operations 

Revenues

We generated revenues of approximately $3,254,000 and $3,361,000 for the three months ended June 30, 2025 and 2024, respectively, and approximately $6,475,000 and $6,603,000 for the six months ended June 30, 2025 and 2024, respectively. Such revenues were primarily derived from sorbent product sales which were approximately $3,244,000 and $3,303,000 for the three months ended June 30, 2025 and 2024, respectively and approximately $5,921,000 and $6,387,000 for the six months ended June 30, 2025 and 2024, respectively. Revenues can be dependent on natural gas prices, extreme weather, and the maintenance and downtime requirements of customer plants. The decrease in revenues from the prior year was primarily due to the mix of plants running, unexpected customer forced outages and products sold in the first six months of 2025 resulting in decreased product revenues for the six months ended June 30, 2025 compared to the prior year period. This decrease was offset by an increase in licensing revenues for the six months ended June 30, 2025 compared to June 30, 2024.  

Licensing revenues were approximately $0 and $0 for the three months ended June 30, 2025 and 2024, respectively and approximately $525,000 and $141,000 for the six months ended June 30, 2025 and 2024, respectively. Such increase was primarily due to a new licensing agreement which was entered into during the three months ended March 31, 2025 with a utility.  

Equipment sales and other revenues for the three months ended June 30,