AirJoule Technologies (AIRJ) Q1 2025 Earnings Call May 13, 2025 08:30 AM ET Speaker0 Greetings. Welcome to the Air Juul Technologies First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. Please note this conference is being recorded. It is now my pleasure to turn the conference over to your host, Tom Devine, Vice President of Investor Relations and Finance. Thank you. You may begin. Speaker ...

[First Quarter 2025 & Recent Highlights](index=1&type=section&id=First%20Quarter%202025%20%26%20Recent%20Highlights) AirJoule Technologies achieved key Q1 2025 operational milestones, including strategic partnerships, global system deployment, facility expansion, and securing **$23 million** cash for commercialization through 2026 - Strategic project commenced with GE Vernova to integrate AirJoule® technology with GE's products, focusing on using low-grade waste heat to produce water[7](index=7&type=chunk) - Signed an agreement to sell an AirJoule® A250TM system to Arizona State University for research and performance evaluation, with delivery expected in September 2025[7](index=7&type=chunk) - Expanded international presence by deploying the first AirJoule® system in Dubai to showcase its capabilities to potential customers[7](index=7&type=chunk) - Expanded the Newark, DE manufacturing facility to **35,000 square feet**, adding assembly space, environmental test chambers, and a full coating line[7](index=7&type=chunk) - Completed a **$15 million** private placement financing (PIPE) led by GE Vernova to accelerate the commercialization of A1000TM systems[7](index=7&type=chunk) - Ended the quarter with a strong cash position of **$23 million**, providing sufficient capital to support operations through expected commercial sales in 2026[7](index=7&type=chunk) [Executive Commentary](index=1&type=section&id=Executive%20Commentary) CEO Matt Jore highlighted AirJoule's significant traction in sustainable water solutions, accelerating Q1 initiatives, expanding global presence, and ensuring full funding for 2025 system deliveries - The company is gaining meaningful traction as industries seek innovative and sustainable water solutions[4](index=4&type=chunk) - Key initiatives with stakeholders like GE Vernova and Arizona State University were accelerated in the first quarter[4](index=4&type=chunk) - The company has a strong balance sheet and a fully funded path to commercialization[4](index=4&type=chunk) - The primary focus is on delivering the first preproduction systems for customer demonstrations in 2025[4](index=4&type=chunk) [Financial Statements](index=4&type=section&id=Financial%20Statements) This section presents AirJoule Technologies' unaudited condensed consolidated financial statements for Q1 2025, including Balance Sheets, Statements of Operations, and Statements of Cash Flows [Condensed Consolidated Balance Sheets](index=4&type=section&id=AIRJOULE%20TECHNOLOGIES%20CORPORATION%20CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) Key Balance Sheet Data (unaudited) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash, cash equivalents and restricted cash | $23,000,515 | $28,021,748 | | Total current assets | $24,449,138 | $31,455,631 | | **Total assets** | **$365,605,922** | **$369,852,120** | | Total current liabilities | $1,657,087 | $4,018,747 | | **Total liabilities** | **$95,423,210** | **$117,741,796** | | **Total stockholders' equity** | **$270,182,712** | **$252,110,324** | [Condensed Consolidated Statements of Operations](index=5&type=section&id=AIRJOULE%20TECHNOLOGIES%20CORPORATION%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS%20(UNAUDITED)) Statements of Operations Highlights (unaudited, for the three months ended March 31) | Account | 2025 | 2024 | | :--- | :--- | :--- | | General and administrative expense | $2,786,484 | $813,239 | | Research and development expense | $387,919 | $846,157 | | Loss from operations | ($3,190,200) | ($56,391,309) | | **Net income** | **$14,878,658** | **$181,555,292** | | **Basic net income per share, Class A** | **$0.27** | **$4.33** | | **Diluted net income per share, Class A** | **$0.26** | **$4.18** | - The significant decrease in Loss from Operations and the variance in Net Income between Q1 2025 and Q1 2024 are primarily due to a **$54.7 million** transaction cost and a **$333.5 million** gain on contribution to AirJoule, LLC in 2024, which were related to the business combination and did not recur in 2025. Q1 2025 net income was positively impacted by a **$12.8 million** gain from the change in fair value of Earnout Shares liability[13](index=13&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=AIRJOULE%20TECHNOLOGIES%20CORPORATION%20CONDESNED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS%20(UNAUDITED)) Statements of Cash Flows Highlights (unaudited, for the three months ended March 31) | Account | 2025 | 2024 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $72,246 | ($6,425,437) | | Net cash used in investing activities | ($5,135,239) | ($10,000,000) | | Net cash provided by financing activities | $41,760 | $43,467,010 | | **Net increase (decrease) in cash** | **($5,021,233)** | **$27,041,573** | | **Cash, cash equivalents and restricted cash, end of period** | **$23,000,515** | **$27,417,369** | - Cash used in investing activities in Q1 2025 primarily consisted of a **$5.0 million** investment in AirJoule, LLC[14](index=14&type=chunk)

Core Insights - AirJoule Technologies Corporation reported its first quarter 2025 results, highlighting significant advancements in its AirJoule® water harvesting technology and collaborations with key stakeholders [1][2]. Group 1: Key Milestones - The company is gaining traction as industries seek sustainable water solutions, with plans to deliver preproduction systems for customer demonstrations in 2025 [2]. - Collaborations with GE Vernova and Arizona State University have been established to enhance the technology's capabilities and evaluate its performance in real-world conditions [5]. - The first AirJoule® system has been deployed in Dubai to demonstrate its capabilities to potential customers [5]. Group 2: Financial Overview - As of March 31, 2025, the company reported cash and cash equivalents of $23 million, down from $28 million at the end of 2024 [9][10]. - The total assets decreased slightly to $365.6 million from $369.9 million [10]. - The company incurred a net income of $14.9 million for the first quarter, compared to $181.6 million in the same period of the previous year [11][12]. Group 3: Balance Sheet and Liquidity - Current liabilities decreased to $1.7 million from $4 million, indicating improved liquidity management [10]. - The company completed a $15 million private placement financing to support the commercialization of its AirJoule® A1000™ systems [5]. - The strong cash position is expected to support operations through anticipated commercial sales in 2026 [5]. Group 4: Executive Commentary - The CEO emphasized the company's focus on meeting rising demand for energy-efficient water solutions and the importance of partnerships in achieving commercialization goals [2].

Core Viewpoint - AirJoule Technologies Corporation is set to report its first quarter 2025 results on May 12, 2025, with a conference call scheduled for May 13, 2025, to discuss the results [1]. Company Overview - AirJoule Technologies Corporation (NASDAQ: AIRJ) specializes in water harvesting technology and has developed the AirJoule® system, which produces pure distilled water from air [3]. - The AirJoule® system aims to reduce energy consumption and create material cost efficiencies [3]. - The commercialization of the AirJoule® system is being pursued through a joint venture with GE Vernova and in partnership with Carrier Global Corporation [3].

Core Insights - Natural Grocers has established a strong presence in Montana since 2012, with multiple store openings in cities like Billings, Helena, Missoula, and Kalispell [1][2] Company Commitment - The company emphasizes its commitment to the local community and its employees, providing over 120 jobs in Montana and focusing on their physical, emotional, and financial well-being through various programs [4][6] - Natural Grocers adheres to its Five Founding Principles, which include a commitment to community and crew, ensuring affordable prices and high-quality natural and organic products [2][6] Customer Engagement - The company offers a free customer rewards program called {N}power, which provides exclusive discounts and rewards points for members [3][8] - Special promotions for {N}power members include a free reusable shopping bag and a $5 off coupon during specific promotional dates [8][10] Product Standards - Natural Grocers maintains strict quality guidelines for its products, ensuring they are free from artificial ingredients and only sell USDA-certified organic produce and pasture-raised dairy [6]

Core Viewpoint - AirJoule Technologies Corporation has announced a $15 million private placement to accelerate the commercialization of its AirJoule® system, which separates pure water from air using low-grade waste heat [1][2][3] Group 1: Investment and Financial Details - GE Vernova and other investors will purchase newly issued shares for approximately $15 million, with the transaction expected to close on April 25, 2025 [2] - The net proceeds from the PIPE will be utilized to expedite the commercialization of AirJoule® A1000™ units, which are projected to produce 1,000 to 3,000 liters of pure water daily [3] - GE Vernova previously invested $5 million in March 2024 as part of a joint venture with AirJoule Technologies [2] Group 2: Technology and Market Potential - The AirJoule® system operates at less than 160 watt-hours per liter, making it highly efficient for water production from air [4][5] - The technology targets industrial applications, including data centers and power generation, by converting low-grade waste heat into distilled water [4][5] - The collaboration between AirJoule Technologies and GE Vernova aims to enhance the performance of the AirJoule® system and explore its integration into GE Vernova products [5][6] Group 3: Strategic Partnerships and Future Outlook - The partnership with GE Vernova emphasizes a shared vision to address global challenges related to energy and water [6] - AirJoule Technologies is focused on commercializing its technology through joint ventures and partnerships with major companies like Carrier Global Corporation and BASF [12] - The ongoing technical collaboration aims to refine key components and optimize system performance for broader market deployment [3][6]

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RONAN, Mont., April 08, 2025 (GLOBE NEWSWIRE) -- AirJoule Technologies Corporation (NASDAQ:AIRJ) ("AirJoule Technologies" or the "Company"), the developer of the transformational AirJoule® system for separating pure water from air, today announced an agreement with Arizona State University ("ASU"), which is widely recognized as an international leader in the field of atmospheric water harvesting research. Under the binding agreement, ASU will purchase one AirJoule® A250TM unit, a high-capacity system capabl ...

AirJoule Technologies Corporation (AIRJ) has been on a downward spiral lately with significant selling pressure. After declining 36.7% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spot ...

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