{"success":true,"data":{"pressRelease":{"id":"118683","rtpr_id":"nGNXlYt51","ticker":"BCHT","exchange":"NYSE American","all_tickers":["BCHT"],"title":"Birchtech Reports Second Quarter 2026 Financial Results","author":"Globe Newswire","published_at":"2026-08-13T20:05:01.958Z","article_body":"CORSICANA, Texas, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Birchtech Corp. (NYSE\nAmerican: BCHT) (TSX: BCHT) (“Birchtech” or the “Company”), a leader\nin specialty activated carbon technologies for sustainable air and water\ntreatment, today reported financial results for the second quarter ended June\n30, 2026.\n\nKey Second Quarter 2026 & Subsequent Operational Highlights\n* Announced the end of all remaining attempts to challenge the Company’s\npatents under Inter Partes Review (IPR), with every petition filed with the\nPatent Trial and Appeal Board (PTAB) against Birchtech’s patented SEA®\nmercury emissions removal technology now dismissed, removed prior to\ninstitution, or resolved, and all parties previously involved permanently\nbarred from bringing further patent validity challenges.\n* The Company's $78+ million final judgment in its patent infringement\nlitigation remains outstanding, is currently on appeal, and continues to\naccrue post-judgment interest.\n* Appointed respected financial executive Michael Mioska, CPA, MBA, as Chief\nFinancial Officer in May 2026, succeeding Fiona Fitzmaurice.\n* Promoted Jim Trettel to Chief Operating Officer; Mr. Trettel joined the\nCompany in 2014, most recently served as Executive Vice President of\nOperations, and now oversees Birchtech’s corporate operations across both\nits clean air and clean water platforms.\n* Exhibited at leading industry and investor conferences, including the AWWA\nACE26 Annual Conference & Exposition, the Pennsylvania Section AWWA Technical\nConference, the ASMS 2026 Conference and the Noble Capital Markets Emerging\nGrowth Conference.\nManagement Commentary\n\nRichard MacPherson, Birchtech President and Chief Executive Officer,\ncommented: “In our water business, we continued to execute on our\n‘data-first’ strategy and put our platform in front of the industry at\nscale, showcasing our Design Center analytical services, RSSCT testing,\nSEA-IX™ nuclear-grade ion exchange resin line and granular activated carbon\nsolutions at leading water industry conferences during the quarter, including\nAWWA ACE26 in Washington, D.C., the largest national gathering of water\nprofessionals. We continue to make meaningful progress towards establishing\nour Carbon Rejuvenation capacity and look forward to providing further updates\nto that end in the near-term.\n\n“In addition, in June, the final remaining IPR petitions challenging our\npatents were terminated, ending failed attempts to invalidate our patented\nSEA® technology, with all parties previously involved permanently barred from\nbringing further validity challenges. With our patent estate secured, we are\ndetermined in our pursuit of the enforcement of the final judgment,\napproximately $78+ million, on which post-judgment interest continues to\naccrue. We are also committed to convert our licensed utilities into long-term\nproduct supply customers.\n\n“We also strengthened our leadership team during the quarter, welcoming\nMichael Mioska as Chief Financial Officer in May and promoting Jim Trettel to\nChief Operating Officer. Jim’s deep technical expertise and hands-on\noperational leadership have been instrumental in scaling both our air and\nwater treatment platforms. With a strong balance sheet, a protected patent\nportfolio, and two complementary business lines reinforcing each other,\nBirchtech is well positioned to deliver sustained growth and long-term value\nfor my fellow shareholders,” concluded MacPherson.\n\nSecond Quarter 2026 Financial Results\n\nRevenues totaled $3.8 million in the second quarter of 2026, as compared to\n$3.3 million in the same year-ago quarter. The increase in revenues from the\nprior period was primarily due to increased air business demand driven by the\nmix of plants running combined with more extreme weather conditions, and\nhigher natural gas prices in the current year compared to the prior year\nperiod. Additionally, sales were recognized for the water treatment market in\n2026 compared to none in 2025.\n\nGross profit totaled $1.0 million as compared to $1.0 million in the same\nyear-ago quarter. Gross profit was comparable to the prior period despite\nhigher revenues as a result of a shift in revenues mix away from licensing\nrevenues in 2025 which typically carry higher margins.\n\nSG&A expenses totaled $2.1 million in the second quarter of 2026, as compared\nto $1.7 million in the same year-ago quarter. The increase in expenses was\nprimarily due to increased professional fees driven by increased legal fees in\n2026 and increased public company costs associated with the company’s\nuplisting to the NYSE American.\n\nR&D expenses totaled $0.6 million in the second quarter of 2026, as compared\nto $0.5 million in the same year-ago quarter. R&D expenses relate to research\nconducted to develop water treatment products utilizing new sorbent\ntechnologies.\n\nOther expenses totaled $1.4 million in the second quarter of 2026, as compared\nto $0.4 million in the same year-ago quarter. Other expenses consisted mainly\nof license and settlement fees and a loss on the change in the fair value of\nthe profit share.\n\nNet loss for the second quarter of 2026 totaled $3.0 million, or $0.11 per\nbasic and diluted share, as compared to net loss of $1.5 million, or $0.08 per\nbasic and diluted share, in the same year-ago quarter.\n\nAdjusted EBITDA totaled a loss of ($1.9) million for the three months ended\nJune 30, 2026, as compared to a loss of ($1.0) million during the three months\nended June 30, 2025.\n\nCash as of June 30, 2026, totaled $11.8 million, with no debt, as compared to\n$2.2 million as of December 31, 2025.\n\nSecond Quarter 2026 Earnings Conference Call\n\nManagement will host an investor conference call at 5:00 p.m. Eastern time\ntoday, Thursday, August 13, 2026, to discuss Birchtech's second quarter 2026\nfinancial results and provide a corporate update. To participate, please use\nthe following information:\n\nSecond Quarter 2026 Earnings Conference Call\nDate: Thursday, August 13, 2026\nTime: 5:00 p.m. Eastern time\nU.S./Canada Dial-in: 1-877-407-0792\nInternational Dial-in: 1-201-689-8263\nConference ID: 13761823\nWebcast: BCHT Q2 2026 Earnings Conference Call\n(https://www.globenewswire.com/Tracker?data=Yb6QXt-fcGjLP6hXxUlpV4L6EW97oBoDUySDh-1-iFK1-EJl99ky1u7zV_jvgkNmbNIRpKJ8gEl-aswUEx3799iPuj-h0LGBpvbMH5S0C0jvmwQrGiPYwn_uaBWwkmPdXKTB55siWLP3fGHUg5Ih69nHbfk6jtzsm-3ybqp4TZvVMkaz6C4Pk9eNselzgZai)\n\nPlease dial in at least 10 minutes before the start of the call to ensure\ntimely participation.\n\nA telephone playback of the call will be available through Thursday, September\n3, 2026. To listen, call 1-844-512-2921 within the United States and Canada or\n1-412-317-6671 when calling internationally, using replay pin number 13761823.\nA webcast replay will be available for one year, using the webcast link above.\n\nAbout Birchtech Corp.\n\nBirchtech Corp. (NYSE American: BCHT) (TSX: BCHT) is a leader in specialty\nactivated carbon technologies, delivering innovative solutions for air and\nwater purification to support a cleaner, more sustainable future. The Company\nprovides patented SEA® sorbent technologies for mercury emissions capture for\nthe coal-fired utility sector and disruptive water purification technologies\nwith a specialization on removing contaminants, including ‘forever\nchemicals’ such as PFAS, from potable water and industrial wastewater.\nBacked by a strong intellectual property portfolio and a team of activated\ncarbon experts, Birchtech provides cleaner air to North American communities\nand is applying this expertise to a novel approach in water purification. To\nlearn more, please visit www.birchtech.com.\n\nNon-GAAP Financial Measures\n\nTo supplement our consolidated financial statements presented in accordance\nwith GAAP and to provide investors with additional information regarding our\nfinancial results, we consider and are including herein Adjusted EBITDA, a\nNon-GAAP financial measure. We view Adjusted EBITDA as an operating\nperformance measure and, as such, we believe that the GAAP financial measure\nmost directly comparable to it is net income (loss). We define Adjusted EBITDA\nas net income adjusted for interest and financing fees, income taxes,\ndepreciation, amortization, stock-based compensation, and other non-cash\nincome and expenses. We believe that Adjusted EBITDA provides us an important\nmeasure of operating performance because it allows management, investors,\ndebtholders and others to evaluate and compare ongoing operating results from\nperiod to period by removing the impact of our asset base, any asset disposals\nor impairments, stock-based compensation and other non-cash income and expense\nitems associated with our reliance on issuing equity-linked debt securities to\nfund our working capital.\n\nOur use of Adjusted EBITDA has limitations as an analytical tool, and this\nmeasure should not be considered in isolation or as a substitute for an\nanalysis of our results as reported under GAAP, as the excluded items may have\nsignificant effects on our operating results and financial condition.\nAdditionally, our measure of Adjusted EBITDA may differ from other\ncompanies’ measure of Adjusted EBITDA. When evaluating our performance,\nAdjusted EBITDA should be considered with other financial performance\nmeasures, including various cash flow metrics, net income and other GAAP\nresults. In the future, we may disclose different non-GAAP financial measures\nin order to help our investors and others more meaningfully evaluate and\ncompare our future results of operations to our previously reported results of\noperations.\n\nThe following table shows our reconciliation of net income (loss) to Adjusted\nEBITDA for the three months ended June 30, 2026, and 2025, respectively:\n\n                                          For the Three Months Ended                     \n                                          June 30,                     June 30,          \n                                          2026                         2025              \n                                          (In thousands)                                 \n                                                                                         \n Net income (loss)                        $      (3,017  )             $      (1,542  )  \n                                                                                         \n Non-GAAP adjustments:                                                                   \n Depreciation and amortization                   110                          105        \n Change in fair value of profit share            258                          377        \n Contingent license and settlement fee           750                          -          \n Stock based compensation                        -                            20         \n                                                                                         \n Adjusted EBITDA                          $      (1,899  )             $      (1,040  )  \n                                                                                         \n\nSafe Harbor Statement\n\nWith the exception of historical information contained in this press release,\ncontent herein may contain “forward-looking statements” that are made\npursuant to the Safe Harbor Provisions of the U.S. Private Securities\nLitigation Reform Act of 1995 or forward-looking information under applicable\nCanadian securities laws (collectively, “forward-looking statements”).\nForward-looking statements are generally identified by using words such as\n“anticipate,” “believe,” “plan,” “expect,” “intend,”\n“will,” and similar expressions, but these words are not the exclusive\nmeans of identifying forward-looking statements. Forward-looking statements in\nthis release include statements relating to expected developments and growth\nin Birchtech’s business. These statements are based on management’s\ncurrent expectations and are subject to uncertainty and changes in\ncircumstances. Investors are cautioned that forward-looking statements involve\nrisks and uncertainties that could cause actual results to differ materially\nfrom the statements made. In addition, this release contains time-sensitive\ninformation that reflects management’s best analysis only as of the date of\nthis release. Birchtech does not undertake any obligation to publicly update\nor revise any forward-looking statements to reflect future events, information\nor circumstances that arise after the date of this release. Further\ninformation concerning issues that could materially affect financial\nperformance or other forward-looking statements contained in this release can\nbe found in Birchtech’s periodic filings with the Securities and Exchange\nCommission or Canadian securities regulators.\n\nInvestor Relations Contact:\n\nLucas A. Zimmerman\nManaging Director\nMZ Group - MZ North America\n(949) 259-4987\nBCHT@mzgroup.us\nwww.mzgroup.us\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/d0c183d9-6143-450a-91cc-85e4af25a1d6)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXlYt51","title":"Birchtech Reports Second Quarter 2026 Financial Results","author":"Globe Newswire","ticker":"BCHT","created":"2026-08-13T20:05:01.958Z","tickers":["BCHT"],"exchange":"NYSE American","article_body":"CORSICANA, Texas, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Birchtech Corp. (NYSE\nAmerican: BCHT) (TSX: BCHT) (“Birchtech” or the “Company”), a leader\nin specialty activated carbon technologies for sustainable air and water\ntreatment, today reported financial results for the second quarter ended June\n30, 2026.\n\nKey Second Quarter 2026 & Subsequent Operational Highlights\n* Announced the end of all remaining attempts to challenge the Company’s\npatents under Inter Partes Review (IPR), with every petition filed with the\nPatent Trial and Appeal Board (PTAB) against Birchtech’s patented SEA®\nmercury emissions removal technology now dismissed, removed prior to\ninstitution, or resolved, and all parties previously involved permanently\nbarred from bringing further patent validity challenges.\n* The Company's $78+ million final judgment in its patent infringement\nlitigation remains outstanding, is currently on appeal, and continues to\naccrue post-judgment interest.\n* Appointed respected financial executive Michael Mioska, CPA, MBA, as Chief\nFinancial Officer in May 2026, succeeding Fiona Fitzmaurice.\n* Promoted Jim Trettel to Chief Operating Officer; Mr. Trettel joined the\nCompany in 2014, most recently served as Executive Vice President of\nOperations, and now oversees Birchtech’s corporate operations across both\nits clean air and clean water platforms.\n* Exhibited at leading industry and investor conferences, including the AWWA\nACE26 Annual Conference & Exposition, the Pennsylvania Section AWWA Technical\nConference, the ASMS 2026 Conference and the Noble Capital Markets Emerging\nGrowth Conference.\nManagement Commentary\n\nRichard MacPherson, Birchtech President and Chief Executive Officer,\ncommented: “In our water business, we continued to execute on our\n‘data-first’ strategy and put our platform in front of the industry at\nscale, showcasing our Design Center analytical services, RSSCT testing,\nSEA-IX™ nuclear-grade ion exchange resin line and granular activated carbon\nsolutions at leading water industry conferences during the quarter, including\nAWWA ACE26 in Washington, D.C., the largest national gathering of water\nprofessionals. We continue to make meaningful progress towards establishing\nour Carbon Rejuvenation capacity and look forward to providing further updates\nto that end in the near-term.\n\n“In addition, in June, the final remaining IPR petitions challenging our\npatents were terminated, ending failed attempts to invalidate our patented\nSEA® technology, with all parties previously involved permanently barred from\nbringing further validity challenges. With our patent estate secured, we are\ndetermined in our pursuit of the enforcement of the final judgment,\napproximately $78+ million, on which post-judgment interest continues to\naccrue. We are also committed to convert our licensed utilities into long-term\nproduct supply customers.\n\n“We also strengthened our leadership team during the quarter, welcoming\nMichael Mioska as Chief Financial Officer in May and promoting Jim Trettel to\nChief Operating Officer. Jim’s deep technical expertise and hands-on\noperational leadership have been instrumental in scaling both our air and\nwater treatment platforms. With a strong balance sheet, a protected patent\nportfolio, and two complementary business lines reinforcing each other,\nBirchtech is well positioned to deliver sustained growth and long-term value\nfor my fellow shareholders,” concluded MacPherson.\n\nSecond Quarter 2026 Financial Results\n\nRevenues totaled $3.8 million in the second quarter of 2026, as compared to\n$3.3 million in the same year-ago quarter. The increase in revenues from the\nprior period was primarily due to increased air business demand driven by the\nmix of plants running combined with more extreme weather conditions, and\nhigher natural gas prices in the current year compared to the prior year\nperiod. Additionally, sales were recognized for the water treatment market in\n2026 compared to none in 2025.\n\nGross profit totaled $1.0 million as compared to $1.0 million in the same\nyear-ago quarter. Gross profit was comparable to the prior period despite\nhigher revenues as a result of a shift in revenues mix away from licensing\nrevenues in 2025 which typically carry higher margins.\n\nSG&A expenses totaled $2.1 million in the second quarter of 2026, as compared\nto $1.7 million in the same year-ago quarter. The increase in expenses was\nprimarily due to increased professional fees driven by increased legal fees in\n2026 and increased public company costs associated with the company’s\nuplisting to the NYSE American.\n\nR&D expenses totaled $0.6 million in the second quarter of 2026, as compared\nto $0.5 million in the same year-ago quarter. R&D expenses relate to research\nconducted to develop water treatment products utilizing new sorbent\ntechnologies.\n\nOther expenses totaled $1.4 million in the second quarter of 2026, as compared\nto $0.4 million in the same year-ago quarter. Other expenses consisted mainly\nof license and settlement fees and a loss on the change in the fair value of\nthe profit share.\n\nNet loss for the second quarter of 2026 totaled $3.0 million, or $0.11 per\nbasic and diluted share, as compared to net loss of $1.5 million, or $0.08 per\nbasic and diluted share, in the same year-ago quarter.\n\nAdjusted EBITDA totaled a loss of ($1.9) million for the three months ended\nJune 30, 2026, as compared to a loss of ($1.0) million during the three months\nended June 30, 2025.\n\nCash as of June 30, 2026, totaled $11.8 million, with no debt, as compared to\n$2.2 million as of December 31, 2025.\n\nSecond Quarter 2026 Earnings Conference Call\n\nManagement will host an investor conference call at 5:00 p.m. Eastern time\ntoday, Thursday, August 13, 2026, to discuss Birchtech's second quarter 2026\nfinancial results and provide a corporate update. To participate, please use\nthe following information:\n\nSecond Quarter 2026 Earnings Conference Call\nDate: Thursday, August 13, 2026\nTime: 5:00 p.m. Eastern time\nU.S./Canada Dial-in: 1-877-407-0792\nInternational Dial-in: 1-201-689-8263\nConference ID: 13761823\nWebcast: BCHT Q2 2026 Earnings Conference Call\n(https://www.globenewswire.com/Tracker?data=Yb6QXt-fcGjLP6hXxUlpV4L6EW97oBoDUySDh-1-iFK1-EJl99ky1u7zV_jvgkNmbNIRpKJ8gEl-aswUEx3799iPuj-h0LGBpvbMH5S0C0jvmwQrGiPYwn_uaBWwkmPdXKTB55siWLP3fGHUg5Ih69nHbfk6jtzsm-3ybqp4TZvVMkaz6C4Pk9eNselzgZai)\n\nPlease dial in at least 10 minutes before the start of the call to ensure\ntimely participation.\n\nA telephone playback of the call will be available through Thursday, September\n3, 2026. To listen, call 1-844-512-2921 within the United States and Canada or\n1-412-317-6671 when calling internationally, using replay pin number 13761823.\nA webcast replay will be available for one year, using the webcast link above.\n\nAbout Birchtech Corp.\n\nBirchtech Corp. (NYSE American: BCHT) (TSX: BCHT) is a leader in specialty\nactivated carbon technologies, delivering innovative solutions for air and\nwater purification to support a cleaner, more sustainable future. The Company\nprovides patented SEA® sorbent technologies for mercury emissions capture for\nthe coal-fired utility sector and disruptive water purification technologies\nwith a specialization on removing contaminants, including ‘forever\nchemicals’ such as PFAS, from potable water and industrial wastewater.\nBacked by a strong intellectual property portfolio and a team of activated\ncarbon experts, Birchtech provides cleaner air to North American communities\nand is applying this expertise to a novel approach in water purification. To\nlearn more, please visit www.birchtech.com.\n\nNon-GAAP Financial Measures\n\nTo supplement our consolidated financial statements presented in accordance\nwith GAAP and to provide investors with additional information regarding our\nfinancial results, we consider and are including herein Adjusted EBITDA, a\nNon-GAAP financial measure. We view Adjusted EBITDA as an operating\nperformance measure and, as such, we believe that the GAAP financial measure\nmost directly comparable to it is net income (loss). We define Adjusted EBITDA\nas net income adjusted for interest and financing fees, income taxes,\ndepreciation, amortization, stock-based compensation, and other non-cash\nincome and expenses. We believe that Adjusted EBITDA provides us an important\nmeasure of operating performance because it allows management, investors,\ndebtholders and others to evaluate and compare ongoing operating results from\nperiod to period by removing the impact of our asset base, any asset disposals\nor impairments, stock-based compensation and other non-cash income and expense\nitems associated with our reliance on issuing equity-linked debt securities to\nfund our working capital.\n\nOur use of Adjusted EBITDA has limitations as an analytical tool, and this\nmeasure should not be considered in isolation or as a substitute for an\nanalysis of our results as reported under GAAP, as the excluded items may have\nsignificant effects on our operating results and financial condition.\nAdditionally, our measure of Adjusted EBITDA may differ from other\ncompanies’ measure of Adjusted EBITDA. When evaluating our performance,\nAdjusted EBITDA should be considered with other financial performance\nmeasures, including various cash flow metrics, net income and other GAAP\nresults. In the future, we may disclose different non-GAAP financial measures\nin order to help our investors and others more meaningfully evaluate and\ncompare our future results of operations to our previously reported results of\noperations.\n\nThe following table shows our reconciliation of net income (loss) to Adjusted\nEBITDA for the three months ended June 30, 2026, and 2025, respectively:\n\n                                          For the Three Months Ended                     \n                                          June 30,                     June 30,          \n                                          2026                         2025              \n                                          (In thousands)                                 \n                                                                                         \n Net income (loss)                        $      (3,017  )             $      (1,542  )  \n                                                                                         \n Non-GAAP adjustments:                                                                   \n Depreciation and amortization                   110                          105        \n Change in fair value of profit share            258                          377        \n Contingent license and settlement fee           750                          -          \n Stock based compensation                        -                            20         \n                                                                                         \n Adjusted EBITDA                          $      (1,899  )             $      (1,040  )  \n                                                                                         \n\nSafe Harbor Statement\n\nWith the exception of historical information contained in this press release,\ncontent herein may contain “forward-looking statements” that are made\npursuant to the Safe Harbor Provisions of the U.S. Private Securities\nLitigation Reform Act of 1995 or forward-looking information under applicable\nCanadian securities laws (collectively, “forward-looking statements”).\nForward-looking statements are generally identified by using words such as\n“anticipate,” “believe,” “plan,” “expect,” “intend,”\n“will,” and similar expressions, but these words are not the exclusive\nmeans of identifying forward-looking statements. Forward-looking statements in\nthis release include statements relating to expected developments and growth\nin Birchtech’s business. These statements are based on management’s\ncurrent expectations and are subject to uncertainty and changes in\ncircumstances. Investors are cautioned that forward-looking statements involve\nrisks and uncertainties that could cause actual results to differ materially\nfrom the statements made. In addition, this release contains time-sensitive\ninformation that reflects management’s best analysis only as of the date of\nthis release. Birchtech does not undertake any obligation to publicly update\nor revise any forward-looking statements to reflect future events, information\nor circumstances that arise after the date of this release. Further\ninformation concerning issues that could materially affect financial\nperformance or other forward-looking statements contained in this release can\nbe found in Birchtech’s periodic filings with the Securities and Exchange\nCommission or Canadian securities regulators.\n\nInvestor Relations Contact:\n\nLucas A. Zimmerman\nManaging Director\nMZ Group - MZ North America\n(949) 259-4987\nBCHT@mzgroup.us\nwww.mzgroup.us\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/d0c183d9-6143-450a-91cc-85e4af25a1d6)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-13T20:05:02.473346303Z","server_sent_at_ms":1786651502473},"received_at":"2026-08-13T20:05:02.524Z","source_url":"https://www.globenewswire.com/news-release/2026/08/13/3344906/0/en/birchtech-reports-second-quarter-2026-financial-results.html"},"analysis":{"id":"107673","press_release_id":"118683","analysis_json":{"industry":{"label":"Chemicals","sector":"Materials"},"redFlags":["Net loss widened from $1.5M to $3.0M year-over-year","$78M judgment is currently on appeal"],"eventType":"earnings","narrative":"Birchtech reported Q2 revenue of $3.8 million, up from $3.3 million in the prior year, while net loss widened to $3.0 million driven by increased legal and public company costs.\n\nThe company announced the dismissal of all remaining IPR petitions against its patented SEA® technology, permanently barring further validity challenges, though a $78+ million patent infringement judgment remains outstanding on appeal.\n\nCash position strengthened to $11.8 million with no debt, as the company appointed a new CFO and promoted a COO to strengthen its leadership team.","sentiment":"mixed","agentHooks":{"shouldPost":false,"suggestedAngle":"Patent win and revenue growth offset by higher legal costs and losses."},"keyFigures":{"revenue":3800000,"customDimensions":{"cash":11800000,"net_loss":3000000,"gross_profit":1000000,"patent_judgment":"$78+ million"}},"quotedText":"With a strong balance sheet, a protected patent portfolio, and two complementary business lines reinforcing each other, Birchtech is well positioned to deliver sustained growth and long-term value for my fellow shareholders","namedEntities":{"people":[{"name":"Richard MacPherson","role":"CEO"},{"name":"Michael Mioska","role":"CFO"},{"name":"Jim Trettel","role":"COO"},{"name":"Fiona Fitzmaurice","role":"Former CFO"}],"products":["SEA®","SEA-IX™"],"companies":[{"name":"Birchtech Corp.","ticker":"BCHT"}],"dollarAmounts":[{"amount":"$3.8 million","context":"Q2 2026 revenue"},{"amount":"$3.3 million","context":"Q2 2025 revenue"},{"amount":"$3.0 million","context":"Q2 2026 net loss"},{"amount":"$1.5 million","context":"Q2 2025 net loss"},{"amount":"$11.8 million","context":"Cash as of June 30, 2026"},{"amount":"$78+ million","context":"Patent infringement final judgment"}]},"materialImpact":{"score":3,"reasoning":"Modest revenue growth and a favorable resolution of patent challenges (IPR dismissal) are offset by widening net losses due to legal fees and ongoing uncertainty regarding the appeal of the $78M judgment."},"tickerRelevance":{"others":[],"primary":"BCHT"},"globalImportance":15,"audienceRelevance":15,"eventTypeSecondary":["executive_change","legal_litigation"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"earnings-mixed","sectorWeight":"niche-industrial"}},"event_type":"earnings","event_type_secondary":["executive_change","legal_litigation"],"sentiment":"mixed","material_impact_score":3,"narrative":"Birchtech reported Q2 revenue of $3.8 million, up from $3.3 million in the prior year, while net loss widened to $3.0 million driven by increased legal and public company costs.\n\nThe company announced the dismissal of all remaining IPR petitions against its patented SEA® technology, permanently barring further validity challenges, though a $78+ million patent infringement judgment remains outstanding on appeal.\n\nCash position strengthened to $11.8 million with no debt, as the company appointed a new CFO and promoted a COO to strengthen its leadership team.","key_figures":{"revenue":3800000,"customDimensions":{"cash":11800000,"net_loss":3000000,"gross_profit":1000000,"patent_judgment":"$78+ million"}},"named_entities":{"people":[{"name":"Richard MacPherson","role":"CEO"},{"name":"Michael Mioska","role":"CFO"},{"name":"Jim Trettel","role":"COO"},{"name":"Fiona Fitzmaurice","role":"Former CFO"}],"products":["SEA®","SEA-IX™"],"companies":[{"name":"Birchtech Corp.","ticker":"BCHT"}],"dollarAmounts":[{"amount":"$3.8 million","context":"Q2 2026 revenue"},{"amount":"$3.3 million","context":"Q2 2025 revenue"},{"amount":"$3.0 million","context":"Q2 2026 net loss"},{"amount":"$1.5 million","context":"Q2 2025 net loss"},{"amount":"$11.8 million","context":"Cash as of June 30, 2026"},{"amount":"$78+ million","context":"Patent infringement final judgment"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-13T21:54:46.710Z","global_importance":15,"audience_relevance":15,"importance_components":{"tickerTier":"small-cap","eventGravity":"earnings-mixed","sectorWeight":"niche-industrial"}},"durationMs":147937,"modelName":"glm-4.7"}}