Waste Energy Corp Reports Revenue Growth and First Operating Profit

Financial Milestones and Strategic Updates

Waste Energy Corp (OTCQB:WAST) has announced significant financial achievements for the second quarter ending June 30, 2025. The clean energy company, which specializes in converting waste plastic and tires into valuable products, reported its second consecutive quarter of revenue growth and its first operating profit in its history. The company attributes these results to strategic spending and effective cost management as it continues to expand its operational capacity.

Debt Reduction Initiatives

In a move to strengthen its financial health, Waste Energy Corp is close to finalizing an agreement that will eliminate over $1 million in debt. This will be achieved through the issuance of approximately 3.41 million restricted common shares, each valued at over $0.29. These shares come with trading restrictions for at least 90 days, indicating the company's cautious approach towards enhancing shareholder value.

Technological Innovations

The company has made strides in technology by achieving patent-pending status for its system that automates the creation of carbon credits through the use of blockchain and IoT. This innovation aims to combat issues prevalent in the carbon credit market, such as human error and unverifiable claims, thereby enhancing transparency and tradability.

Site Development and Future Growth

Waste Energy Corp has secured a nearly four-acre site in Midland, Texas, a region known as the energy capital of the United States. This strategic location is intended to scale its commercial waste-to-energy operations effectively as the company anticipates continued revenue growth into the upcoming quarter.

Key Takeaways

Waste Energy Corp has recorded its second consecutive quarter of revenue growth and its first operating profit.

The company is close to a deal to reduce over $1 million in debt through the issuance of restricted shares.

Technological advancements aim to enhance the integrity of carbon credit markets.

A new operational site in Midland, Texas is expected to support significant growth in waste-to-energy operations.

Management maintains a commitment to shareholder value with no plans for a reverse stock split in 2025.