AirJoule Technologies (NasdaqCM:AIRJ) Q3 2025 Earnings Call November 14, 2025 08:30 AM ET Company ParticipantsTom Divine - VP of Investor Relations and FinancePat Eilers - Executive ChairmanBryan Barton - Chief Commercialization OfficerStephen Pang - CFOMatt Jore - CEOConference Call ParticipantsRyan Fink - Equity Research AnalystSean Milligan - Managing Director and Equity Research AnalystAmit Dayal - Managing Director and Senior Equity AnalystJake Sekelsky - Managing Director and Senior Research AnalystGe ...

AirJoule Technologies (NasdaqCM:AIRJ) Q3 2025 Earnings Call November 14, 2025 08:30 AM ET Company ParticipantsTom Divine - VP of Investor Relations and FinancePat Eilers - Executive ChairmanBryan Barton - Chief Commercialization OfficerStephen Pang - CFOMatt Jore - CEOConference Call ParticipantsRyan Fink - Equity Research AnalystSean Milligan - Managing Director and Equity Research AnalystAmit Dayal - Managing Director and Senior Equity AnalystJake Sekelsky - Managing Director and Senior Research AnalystGe ...

Financial Data and Key Metrics Changes - AirJoule Technologies reported a net loss of $4 million for Q3 2025, a significant decline from a net income of $2.5 million in Q2 2025, primarily due to non-cash losses related to earn-out liabilities [25][26] - The company's net operating expenses for Q3 were $3 million, which included $487,000 in reimbursed expenses from a joint venture [24][25] - Cash on the balance sheet at the end of Q3 was approximately $26 million, with an additional $5 million contributed to the joint venture post-quarter [26][27] Business Line Data and Key Metrics Changes - The Hubbard, Texas deployment is operational 24/7, generating critical performance data that is essential for optimizing system design and validating performance [11][12] - AirJoule's water generation system is producing distilled water with zero dissolved solids, meeting EPA and FDA standards, which is a key differentiator in the market [16][44] Market Data and Key Metrics Changes - The demand for AirJoule's technology is driven by the increasing water and energy needs of data centers, particularly in arid regions facing water scarcity [4][5] - The company is positioned to benefit from significant regulatory tailwinds as governments phase out high global warming potential refrigerants, creating demand for alternative technologies [8][9] Company Strategy and Development Direction - AirJoule aims to capitalize on macro trends in water scarcity and energy efficiency, positioning its technology as a solution for sustainable operations in data centers and manufacturing [4][6] - The company is focusing on productization and scaling manufacturing readiness to support commercial deployments in 2026, with a goal of maximizing water output and reducing system costs [19][21] Management's Comments on Operating Environment and Future Outlook - Management highlighted the critical role of water security in AI infrastructure development and the operational impacts of water scarcity on data centers [5][7] - The company is optimistic about its partnerships and collaborations, which are expected to drive commercial opportunities and validate its technology [10][12] Other Important Information - AirJoule was recognized as a winner of the Net Zero Innovation Hub for Data Centers technology competition, validating its technology for sustainable operations [12][6] - The company is exploring water purchase agreements (WPAs) as a commercial strategy, allowing customers to purchase water on a volumetric basis, which could create recurring revenue streams [18][40] Q&A Session Summary Question: Clarification on data from Hubbard accelerating commercial adoption - Management explained that the operational data from Hubbard is catalyzing interest from hyperscalers looking to build in Texas, enhancing confidence in the technology [30] Question: Progress on product integration with GE Vernova - The integration project with GE Vernova is ongoing, focusing on utilizing waste heat from gas turbines to enhance AirJoule's products [31] Question: Low R&D spend in Q3 - The low R&D spend was attributed to expenses being borne at the joint venture level and a reversal of previously accrued royalty expenses [33][34] Question: Runway for the AirJoule JV - Management confirmed that current cash is sufficient to support both corporate and joint venture expenses through commercialization into 2026 [35] Question: Customer interest in the WPA model - Interest in the WPA model is strong among customers lacking reliable water sources, with many discussions ongoing [38][61] Question: Importance of water purity in commercial discussions - Water quality is crucial for various industrial applications, and AirJoule's technology offers significant advantages in producing clean, distilled water [44][46] Question: Validation work with ASU's Dr. Westerhoff - The collaboration with ASU is expected to provide independent validation of AirJoule's performance and enhance commercial discussions [52][53]

TM AirJoule Technologies Corporation (Nasdaq: AIRJ) Q3 2025 Earnings Presentation November 14, 2025 https://airjouletech.com DISCLAIMERS Forward Looking Statements The information in this presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this presentation, regarding AirJoule Technologi ...

Financial Performance - As of September 30, 2025, the company has not generated any revenue from its operations[176] - The company reported a net loss of $4.01 million for Q3 2025, compared to a net income of $35.02 million in Q3 2024, a difference of $39.03 million[180] - Net cash used in operating activities for the nine months ended September 30, 2025 was $4.0 million, a significant improvement compared to $21.6 million for the same period in 2024[206] - The company expects future operating losses and negative operating cash flows may increase due to additional costs related to technology development and market relationships[202] Expenses - General and administrative expenses for Q3 2025 were $2.96 million, up from $2.44 million in Q3 2024, reflecting a $0.52 million increase[181] - Research and development expenses for Q3 2025 were $(8,476), a decrease of $78,671 compared to $(87,147) in Q3 2024[180] - Research and development expenses for the nine months ended September 30, 2025 were $0.8 million, a decrease of $1.0 million compared to $1.8 million for the same period in 2024[185] - Sales and marketing expenses for the three months ended September 30, 2025 were $50,473, an increase of 113% compared to $23,639 for the same period in 2024[186] Capital and Financing - The company entered into an Equity Line Purchase Agreement allowing it to sell up to $30 million of newly issued shares over 36 months[174] - As of September 30, 2025, the company reported net proceeds of approximately $0.4 million from sales under the Equity Line Purchase Agreement[174] - Net cash provided by financing activities for the nine months ended September 30, 2025 was $14.8 million, primarily from the April 2025 PIPE Offering[209] Joint Ventures and Agreements - A joint venture agreement with CATL was established on October 27, 2021, forming CAMT, with both parties owning 50% of the shares and CAMT having exclusive rights to commercialize AirJoule technology in Europe and Asia[212] - As of September 29, 2023, Legacy Montana and CATL US agreed to contribute $6.0 million each to CAMT, totaling $12.0 million, with no funding or asset contributions made to date[213] - CAMT is managed by a four-member board, with specific voting rights and requirements for significant financial decisions, including unanimous votes for transactions exceeding $10.0 million[213] Market Potential - The total addressable market for the company's technology is estimated to be approximately $450 billion[170] - The company plans to manufacture AirJoule systems capable of producing over 250 liters of water per day by 2025 for customer demonstrations[169] Future Expectations - The company expects general and administrative expenses to increase in future periods due to business growth and public company status[181] - The company has a remaining commitment for capital contributions to the AirJoule JV of $82.3 million as of September 30, 2025[203] Other - The Company entered into a patent license agreement in October 2021, resulting in a reversal of $0.5 million in accrued royalties expense during Q3 2025 due to the elimination of minimum royalty amounts through 2029[211] - The Company is classified as an emerging growth company under the JOBS Act, allowing it to delay compliance with new accounting standards until certain conditions are met[218] - The Company will remain an emerging growth company until it meets specific revenue or securities thresholds, including total annual gross revenue of at least $1.235 billion[220]

Exhibit 99.1 AirJoule Technologies (NASDAQ: AIRJ) Announces Third Quarter 2025 Results and Provides Business Update AIRJ Expands Strategic Partnerships and Advances Productization of AirJoule TM Systems Ahead of Commercial Deployments in 2026 November 13, 2025 – AirJoule Technologies Corporation (NASDAQ: AIRJ) ("AirJoule Technologies" or "AIRJ"), a leading technology platform that unleashes the power of water from air, today announced its third quarter 2025 results and provided a business update highlightin ...

AIRJ Expands Strategic Partnerships and Advances Productization of AirJoule™ Systems Ahead of Commercial Deployments in 2026RONAN, Mont., Nov. 13, 2025 (GLOBE NEWSWIRE) -- AirJoule Technologies Corporation (NASDAQ: AIRJ) (“AirJoule Technologies” or “AIRJ”), a leading technology platform that unleashes the power of water from air, today announced its third quarter 2025 results and provided a business update highlighting progress toward near-term commercialization. “AirJoule Technologies is addressing emergin ...

VANCOUVER, BC / ACCESS Newswire / November 13, 2025 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTCQB:KDKGF) ("Klondike Gold" or the "Company") is pleased to provide a summary of significant work progress and to report receipt of an additional $42,282 production royalty payment from the Montana Creek Placer Property leased by Armstrong Mining Corp. ("Armstrong Mining"). This brings the total production royalty revenue paid to Klondike Gold in 2025 to $542,282, leaving $8.9M of royalties or payments yet to be ...

Core Viewpoint - AirJoule Technologies Corporation is set to report its third quarter 2025 results on November 13, 2025, with a conference call scheduled for November 14, 2025, to discuss the results [1]. Company Overview - AirJoule Technologies Corporation (NASDAQ: AIRJ) specializes in platform technology that extracts water from air, aiming to alleviate global water and energy constraints through innovative sorption technologies [3]. - The company has a joint venture with GE Vernova and collaborates with Carrier Global Corporation to enhance its technological offerings [3]. Conference Call Details - The conference call will take place at 8:30 AM ET on November 14, 2025, following the release of the financial results [1]. - Investors can access the live audio webcast through the investor section of the AirJoule Technologies website or participate via phone [2].

NEW YORK--(BUSINESS WIRE)--Voya Financial announced Connie Michael, a teacher with Crow Agency Public School in Montana is the grand prize 2025 Unsung Heroes winner. ...