Core Insights - Birchtech Corp. reported a significant revenue increase of 41% to $7.4 million in Q3 2025, compared to $5.2 million in the same quarter last year, driven primarily by growth in licensing revenue [8][12] - The company achieved net income of $0.8 million in Q3 2025, a turnaround from a net loss of $0.5 million in the same period last year [12] Financial Performance - Gross profit for Q3 2025 was $4.0 million, representing 54.8% of total revenues, up from $1.6 million or 30.5% of total revenues in Q3 2024, attributed to increased high-margin licensing revenue [9] - Operating expenses remained stable at approximately $2.7 million for both Q3 2025 and Q3 2024, while R&D expenses rose to $0.5 million in Q3 2025 from $0 in the prior year, reflecting investment in new water treatment technologies [10][11] - Adjusted EBITDA improved to $1.0 million in Q3 2025, a significant increase from a loss of $0.5 million in the same quarter last year [12] Business Developments - The company secured four key licensing agreements in its air business, which have the potential to evolve into long-term product supply agreements [7] - Birchtech commercialized its water treatment solutions, receiving approximately $0.9 million in purchase orders from a large mid-Atlantic utility [4][7] - A collaboration was established with Civil & Environmental Consultants to provide rapid scale column testing for water utility clients, enhancing business development opportunities in the water sector [4][7] Future Outlook - The company aims to drive sustainable growth by finalizing a $160 million patent award request, converting more utilities into long-term licensees, and accelerating the rollout of its next-generation water treatment platform [5]