Birchtech Q3 product revenue rises 15.7% on mercury emissions demand
BCHT•Birchtech said third-quarter product revenue rose 15.7% year over year, while total revenue was $5.50 million, down from the prior-year quarter without licensing fees. The company repurchased shares under its buyback program.
1. Revenue results
Birchtech’s third-quarter product revenue rose 15.7% year over year, driven by demand for mercury emissions products and initial water treatment sales. Total revenue was $5.50 million, compared with an analyst estimate of $4.20 million, but fell year over year because the prior-year quarter included licensing fees.
2. Business plans
The company said it expects to begin supplying water treatment customers under a granular activated carbon agreement in early 2027. It aims to convert licensed coal-fired utilities into recurring SEA supply customers and advance offtake discussions for its first Carbon Rejuvenation facility in 2027.
3. Costs and buyback
Birchtech said selling, general and administrative expenses declined 35% year over year because of lower legal fees related to licensing activities. It repurchased shares in the third quarter under a $5 million buyback program.
