ClearVue Technologies (CPV) H2 2024 earnings summary

Executive summary

• Transitioned from R&D to commercialisation, launching clear solar glass and expanding to a full solar building envelope solution.

• Achieved first commercial sales in the US and Australia, with new headquarters in California and OTCQX® Best Market listing.

• Expanded global footprint through new licensees and strategic partnerships, including AluTec in Qatar.

• Product suite now covers solar glass, spandrel, cladding, skylights, and balustrades, targeting net zero energy buildings.

Financial highlights

• Revenue from contracts with customers was $39,811, down from $63,310 year-over-year.

• EBITDA loss widened to $(11,906,897) from $(7,127,567) year-over-year.

• Net loss after tax increased to $(12,491,037) from $(7,497,092) year-over-year.

• Net cash used in operating activities was $(7,904,536), up from $(5,453,878) year-over-year.

• Cash and cash equivalents at year-end were $3,554,485, down from $5,164,663.

Outlook and guidance

• Focused on scaling commercialisation, especially in the US market, leveraging regulatory incentives and growing demand for net zero solutions.

• Pipeline includes 50 direct sales opportunities, with future sales expected via licensee partners and direct channels.

• At-Call Funding Facility of $30 million established to support growth, with $28.275 million available at year-end.