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Cleantek Industries Provides 2026 Guidance
TMX Newsfile· 2026-02-03 14:00
Core Insights - Cleantek Industries Inc. is positioned for significant growth in Fiscal 2026, driven by a strong international contract and a focus on operational efficiency and shareholder value [1][3] Financial Outlook - Revenue is forecasted to grow to between $21.5 million and $22.5 million, attributed to higher utilization of the current fleet and robust international product sales [7] - Adjusted EBITDA is projected to be between $7.2 million and $7.5 million, reflecting the company's commitment to growth and financial discipline [7] - Capital expenditures are budgeted at $1.5 million to $1.65 million, with potential for expansion if additional growth opportunities arise [7] - The company plans to increase debt to support the execution of its large international contract, which is expected to enhance liquidity over the year [7] Strategic Positioning - Cleantek focuses on ESG-accretive solutions, providing integrated wastewater treatment and sustainable lighting solutions, targeting a diverse client base including major exploration and production companies [4][5] - The company emphasizes sustainability, safety, and operational excellence to meet rising market demand in water treatment and sustainable lighting [5] - Cleantek's public listing, tax pools, geographic presence, and high-quality assets make it an attractive candidate for mergers and acquisitions [7]
Cleantek Industries Secures Significant International HALO SE Crown Mount Contract
TMX Newsfile· 2026-01-22 15:33
Core Insights - Cleantek Industries Inc. has secured an international contract for the supply and installation of up to 60 HALO SE Crown Mount lighting systems, indicating strong demand for its clean technology solutions [1][2]. Group 1: Contract and Market Demand - The awarded contract follows successful HALO deployments in 2025, showcasing growing international interest in Cleantek's offerings [2]. - The HALO SE Crown Mount systems are set for delivery and installation in 2026, reflecting the company's commitment to expanding its market presence [2]. Group 2: Company Growth and Strategy - CEO Riley Taggart highlighted the contract as a significant achievement, positioning the company for double-digit growth in its industrial lighting business for 2026 [3]. - Cleantek aims to enhance its international footprint in industrial lighting and pursue growth opportunities across global markets [3]. Group 3: Company Overview - Cleantek is focused on providing ESG-accretive solutions, including specialized wastewater treatment and sustainable lighting rental solutions [4]. - The company leverages patented technology to deliver cost-effective solutions to a diverse client base, including major exploration and production companies in North America [4][5]. - With a commitment to sustainability and operational excellence, Cleantek is well-positioned to meet the increasing demand in the water treatment and sustainable lighting markets [5].
Cleantek Industries to Present at the Smallcap Discoveries Conference
Newsfile· 2025-09-18 11:00
Group 1 - Cleantek Industries Inc. is an innovative provider of patented clean technology solutions aimed at reducing costs and carbon intensity in wastewater management and industrial lighting sectors [1][5][6] - The company will participate in the Smallcap Discoveries Conference in Vancouver on September 29-30, 2025, where its President and CEO will present recent achievements and growth plans [1][2] - Cleantek focuses on ESG-accretive solutions, offering specialized wastewater treatment, disposal equipment, and sustainable lighting rental solutions to a diverse client base, including blue-chip companies [5][6] Group 2 - The Smallcap Discoveries Conference aims to strengthen Canada's microcap ecosystem by connecting engaged investors with select growth companies, fostering meaningful connections and access to capital [2][4] - Cleantek is well-positioned to meet the rising demand for water treatment and sustainable lighting, driven by a commitment to sustainability, safety, and operational excellence [6]
Cleantek Industries Inc. Reports Strong Second Quarter 2025 Results Driven by International Growth
Newsfile· 2025-08-14 19:19
Core Insights - Cleantek Industries Inc. reported strong financial results for Q2 2025, highlighting significant international growth and increased market share in North America [2][7]. Financial Performance - Revenue for Q2 2025 increased by 39% to CAD 3,352,000 from CAD 2,411,000 in Q2 2024, driven by strong equipment sales and growing rental demand [7]. - Gross profit also rose by 39% to CAD 1,782,000, maintaining a gross profit margin of 53%, consistent with Q2 2024 [7]. - The net loss narrowed to CAD 457,000 in Q2 2025, an improvement of CAD 54,000 compared to a net loss of CAD 511,000 in Q2 2024, despite a non-cash foreign exchange loss of CAD 456,000 [7]. - Adjusted EBITDA surged by 241% to CAD 778,000 for the quarter, compared to CAD 228,000 in Q2 2024, primarily due to higher revenue [7]. Operational Highlights - The company continues to focus on enhancing equipment utilization, global market expansion, and maintaining a strong balance sheet [3]. - Cleantek's R&D team is working on improving the performance of evaporator solutions by increasing salt and solids tolerance, while also pursuing manufacturing efficiencies [4]. Capital Structure - As of June 30, 2025, total assets increased to CAD 14,537,000 from CAD 13,641,000 at the end of 2024 [8]. - The working capital deficit improved to CAD 1,242,000 from CAD 1,939,000 at the end of 2024 [8]. - Non-current debt rose slightly to CAD 7,493,000 from CAD 7,085,000 at the end of 2024 [8]. Executive Changes - The company announced that Orson Ross, the Chief Financial Officer, will be leaving Cleantek in September 2025 after contributing significantly since joining in 2022 [17].