PureCycle Tech - Unit | 10-Q: FY2025 Q1 Revenue: USD 1.58 M

Revenue: As of FY2025 Q1, the actual value is USD 1.58 M.

EPS: As of FY2025 Q1, the actual value is USD 0.05.

Segment Revenue

• PureCycle Technologies, Inc. reported its first quarterly revenues of approximately $1.6 million for the three months ended March 31, 2025, marking the commencement of meaningful operations and sales.

Operational Metrics

• Net Income: The company reported a net income of $8.8 million for the three months ended March 31, 2025, compared to a net loss of $85.6 million for the same period in 2024, indicating a significant improvement.
• Operating Loss: Operating loss was $37.7 million for the three months ended March 31, 2025, compared to $39.0 million for the same period in 2024.
• Total Operating Costs and Expenses: Total operating costs and expenses were $39.3 million for the three months ended March 31, 2025, compared to $39.0 million for the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: Net cash used in operating activities was $38.9 million for the three months ended March 31, 2025, compared to $39.2 million for the same period in 2024.
• Net Cash Used in Investing Activities: Net cash used in investing activities was $15.0 million for the three months ended March 31, 2025, compared to net cash provided by investing activities of $32.0 million for the same period in 2024.
• Net Cash Provided by Financing Activities: Net cash provided by financing activities was $49.8 million for the three months ended March 31, 2025, compared to net cash used in financing activities of $255.4 million for the same period in 2024.

Unique Metrics

• Change in Fair Value of Warrants: The fair value of liability-classified awards decreased by $56.7 million during the three months ended March 31, 2025, primarily driven by a decrease in the underlying value of common stock and fewer warrants outstanding.

Future Outlook and Strategy

• Core Business Focus: The company is focused on improving the operation of the Ironton Facility and pursuing commercialization of its products with potential customers. It reported its first quarterly revenues and is engaged in numerous customer trials expected to lead to higher future revenues.
• Non-Core Business: The company is working on the construction of the Augusta Facility and plans to expand its production capabilities into Europe and Asia, contingent on successful project financing.
• Priority: The company is actively managing its cash outlays and seeking additional debt or equity financing to support future growth and investment.