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PCT

PureCycle Technologies Inc

$9.98

Earnings Summary

Revenue
$0Mn
Net Profits
$-25.43Mn
Net Profit Margins
-Inf%

Highlights

Revenue:

PureCycle Technologies Inc’s revenue jumped NaN% since last year same period to $0Mn in the Q1 2022. On a quarterly growth basis, PureCycle Technologies Inc has generated NaN% jump in its revenue since last 3-months.

Net Profits:

PureCycle Technologies Inc’s net profit jumped 15.56% since last year same period to $-25.43Mn in the Q1 2022. On a quarterly growth basis, PureCycle Technologies Inc has generated 26.58% jump in its net profits since last 3-months.

Net Profit Margins:

PureCycle Technologies Inc’s net profit margin jumped NaN% since last year same period to -Inf% in the Q1 2022. On a quarterly growth basis, PureCycle Technologies Inc has generated NaN% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the PureCycle Technologies Inc post its latest quarter earnings

EPS Estimate Current Quarter
-0.14
EPS Estimate Current Year
-0.14

Highlights

EPS Estimate Current Quarter:

PureCycle Technologies Inc’s earning per share (EPS) estimates for the current quarter stand at -0.14 - a 0% jump from last quarter’s estimates.

EPS Estimate Current Year:

PureCycle Technologies Inc’s earning per share (EPS) estimates for the current year stand at -0.14.

Key Ratios

Key ratios of the PureCycle Technologies Inc post its Q1 2022 earnings

Earning Per Share (EPS)
-0.19
Return on Assets (ROA)
-0.07
Return on Equity (ROE)
-0.18
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

PureCycle Technologies Inc’s earning per share (EPS) jumped 67.8% since last year same period to -0.19 in the Q1 2022. This indicates that the PureCycle Technologies Inc has generated 67.8% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. PureCycle Technologies Inc’s return on assets (ROA) stands at -0.07.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. PureCycle Technologies Inc’s return on equity (ROE) stands at -0.18.

Dividend Per Share (DPS):

PureCycle Technologies Inc declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-12
-0.14
-0.19
-35.71%

Company Information

PureCycle’s ground-breaking, patented recycling process, developed and licensed by Procter & Gamble (“P&G”) and commercialized by PureCycle, separates color, odor and other contaminants from plastic waste feedstock to transform it into Ultra-Pure Recycled Polypropylene (“UPRP”) resin with virgin-like properties. The PureCycle process creates an opportunity to fully close the loop in the creation of recycled polypropylene (“rPP”), which, while being one of the highest volume, most versatile and robust plastics, has an extremely low reclamation rate across the globe. PureCycle holds the possibility to solve for the ongoing problem of recycling the approximately 170 billion pounds of PP produced every year, which has averaged a 5% rate of growth over the last five years. Consumer demand, combined with major multinational sustainability commitments, reinforced by new stringent recycled content restrictions and non-recycled plastic taxes, have led to substantial interest in, and demand for, PureCycle’s UPRP. Today there is virtually no UPRP in the market, and PureCycle is the first company to solely focus on recycling and reintegrating polypropylene upstream into high-value, consumer-facing applications. To date, PureCycle has established strategic partnerships and supply contracts across the plastics value chain including, but not limited to, resin producers, converters, and consumer facing brands. The PureCycle technology is being brought to market by a strong management team with deep expertise and a demonstrated history of bringing disruptive technologies to market. Over the last three years, PureCycle has built a series of strategic partnerships with major multinational corporations and players in the plastics industry and has memorialized demand commitments through long-term contracts and letters of intent for almost four times (4x) the output of its first production facility in Ironton, Ohio. PureCycle has been recognized by the American Chemistry Council for its innovation in plastics recycling and, more recently, was recognized by Time Magazine as one of the Top 100 Inventions of the Year in 2019.

Organisation
PureCycle Technologies Inc
Employees
2.02K