Clear Blue Technologies Provides Corporate Update and Preliminary Q3 2025 Financial Results

Core Insights - Clear Blue Technologies is showcasing significant progress in its Clear Blue 2.0 initiative, focusing on revenue growth, achieving positive Adjusted EBITDA, and cash generation as it enters 2026 [2][7]. Financial Performance - Preliminary Q3 2025 revenues were approximately $953,972, representing a 158% increase compared to the same period last year, while revenues for the nine months ended were $3,139,229, a 43% increase [13]. - Adjusted EBITDA for Q3 2025 was approximately ($332,264), showing a 54% improvement year-over-year, and year-to-date Adjusted EBITDA was approximately ($944,159), reflecting a 47% improvement [13]. - The net loss for Q3 2025 was approximately $789,437, a 50% improvement compared to the same quarter last year, and year-to-date net loss was approximately $1,174,335, representing a 71% improvement [13]. - Operating expenses for Q3 2025 were approximately $861,614, a reduction of 36% year-over-year, and year-to-date operating expenses were $2,809,421, a 26% reduction [13]. Order Bookings and Revenue Composition - As of November 18, 2025, order bookings totaled $5,734,699, a 161% increase compared to $2,196,669 for the entire 2024 calendar year [6][13]. - Recurring Energy-as-a-Service fees accounted for $1.2 million of the bookings, indicating a shift towards more stable, contracted revenues [6]. - The average recurring revenue component increased from 6% of new orders in 2024 to 20% in 2025, enhancing long-term growth potential [13]. Strategic Developments - Clear Blue has reduced debt levels and operating costs while building sales traction, creating a foundation for future growth [3][7]. - The company has entered full commercialization of its four product lines (Pico, Nano, Micro, Lighting) as R&D spending decreases [4]. - Key partnerships with organizations such as Eutelsat Group and Cooper Lighting are expected to drive market traction and order volume [5][8]. Future Outlook - The company anticipates that 2026 will present opportunities to leverage a growing sales pipeline and improve financial performance, supported by restructuring efforts and favorable market conditions [7][8]. - The Canadian government's proposed budget includes an enhanced SR&ED tax credit rate of 35%, which could provide significant cash flow to Clear Blue in 2026 [8].