Tue, May 20, 9:11 PM (33 days ago)
**Summary of Clean Energy Technologies, Inc. (CETY) Q1 2025 Financial Performance** **Company Overview:** Clean Energy Technologies, Inc. (CETY) is a clean energy technology company focused on energy efficiency and renewable energy solutions. The company operates in four segments: Clean Energy HRS & CETY Europe, CETY Renewables Waste to Energy Solutions, Engineering and Manufacturing Business, and CETY HK. **Financial Performance (Q1 2025 vs. Q1 2024):** - **Revenue:** Total revenue for Q1 2025 was $791,940, down from $1,513,026 in Q1 2024, primarily due to minimal contributions from the China natural gas business. - **Gross Profit:** Gross profit improved to $728,553 in Q1 2025 from $253,005 in Q1 2024, driven by higher margins from non-NG businesses in China. - **Operating Expenses:** Operating expenses decreased to $824,656 in Q1 2025 from $1,073,926 in Q1 2024, mainly due to reduced salary costs in China and lower professional fees. - **Net Loss:** Net loss narrowed to $331,182 in Q1 2025 from $1,419,400 in Q1 2024, attributable to higher-margin revenue from the HRS segment and stable contributions from CETY Renewables. **Segment Performance:** - **Clean Energy HRS:** Revenue increased to $612,354 in Q1 2025 from $72,488 in Q1 2024, with a significant boost in gross profit. - **CETY Renewables:** Revenue was $176,105 in Q1 2025, down from $211,568 in Q1 2024, expected to remain stable until construction activities commence later in the year. - **Engineering and Manufacturing:** No revenue reported in Q1 2025, compared to $9,342 in Q1 2024, but expected to grow as the company focuses on comprehensive end-to-end power generation solutions. - **Natural Gas (NG) Business:** Revenue dropped to $3,481 in Q1 2025 from $1,219,629 in Q1 2024 due to macroeconomic factors and strategic decisions to reduce focus on lower-margin activities. **Cash Flow and Liquidity:** - **Operating Cash Flow:** The company used $776,047 in net cash from operating activities in Q1 2025. - **Financing Activities:** Net cash provided by financing activities was $759,002 in Q1 2025. - **Investing Activities:** Net cash used in investing activities was $2,932 in Q1 2025. **Future Outlook:** CETY aims to build sustained and profitable growth by providing integrated solutions and technologies, expanding global sales and marketing, and seeking synergistic acquisition opportunities. The company expects stronger revenue contributions from Waste-to-Energy, Heat Recovery, and EPC segments in the latter half of the year. **Uncertainties and Risks:** - **Going Concern:** The company faces substantial doubt about its ability to continue as a going concern due to a working capital deficit and accumulated deficit. - **Financing:** CETY will rely on equity sales of common shares to fund business operations, which may result in dilution to existing stockholders. - **Market Risks:** The company is exposed to various market risks, including changes in customer demand, operational costs, and regulatory environments. **Conclusion:** Clean Energy Technologies, Inc. is repositioning itself as a diversified clean energy solutions provider, focusing on sustainable growth and higher-margin segments. However, the company faces significant financial challenges and uncertainties that could impact its future operations and financial health.