Clean Energy Technologies, Inc. (CETY) reported a significant decline in revenue for the first quarter of 2025, generating $791,940 compared to $1,513,026 in the same period of 2024. This decrease was primarily attributed to reduced contributions from its natural gas business in China, which faced macroeconomic challenges. Despite the drop in revenue, the company achieved a gross profit of $728,553, a notable increase from $253,005 in the prior year, driven by improved margins from its non-natural gas operations.
Operating expenses for the quarter decreased to $824,656 from $1,073,926 in the previous year, largely due to lower salary costs and reduced professional fees associated with legal and accounting services. As a result, CETY reported a net loss of $331,182, a substantial improvement from the $1,419,400 loss recorded in the first quarter of 2024. The company’s stockholders’ equity increased slightly to $2,951,159, up from $2,938,502 at the end of 2024.
CETY has made strategic moves to diversify its operations, focusing on four key segments: Clean Energy HRS (Heat Recovery Systems), Waste-to-Energy solutions, Engineering and Manufacturing, and CETY HK (Natural Gas Trading). The company is optimistic about future revenue growth, particularly from its Waste-to-Energy and Heat Recovery segments, which are expected to deliver higher gross margins as demand for renewable energy solutions continues to rise globally.
Operationally, CETY has been working on its pilot Waste-to-Energy facility in Vermont, which is awaiting final approval from the Vermont Public Utility Commission. The company is also scaling its engineering and project management operations to enhance its global presence. As of March 31, 2025, CETY had 24 full-time employees and is actively seeking to expand its workforce to support its growth initiatives.
Looking ahead, CETY aims to continue executing its corporate strategy to build sustainable and profitable growth by providing integrated clean energy solutions, expanding its global sales and marketing efforts, and exploring synergistic acquisition opportunities. However, the company acknowledges the ongoing challenges related to its working capital deficit and the need for additional financing to support its operations and growth plans.
About Clean Energy Technologies, Inc.
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