Midwest Energy Emissions Corp., an environmental services and technology company, engages in developing and delivering solutions to the power industry worldwide. It provides mercury capture solutions. Its Sorbent Enhancement Additive (SEA) technology provides total mercury control, providing solutions that are based on a thorough scientific understanding of actual and probable interactions involved in mercury capture in coal-fired flue gas. The company was incorporated in 1983 and is headquartered in Corsicana, Texas.
Company profile
Ticker
MEEC
Exchange
Website
CEO
Mr. Richard A. MacPherson
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
AMERICAN INTERNATIONAL GROUP INC
SEC CIK
Corporate docs
IRS number
870398271
MEEC stock data
Latest filings (excl ownership)
8-K
Other Events
21 Oct 24
8-K
Corporate Name Change and Stock Symbol Announced Alongside Conditional Listing Approval from the TSX
17 Oct 24
10-Q
2024 Q2
Quarterly report
12 Aug 24
8-K
ME2C Environmental Files Patent Infringement Lawsuits
1 Aug 24
8-K
Departure of Directors or Certain Officers
13 Jun 24
10-Q
2024 Q1
Quarterly report
15 May 24
10-K
2023 FY
Annual report
16 Apr 24
NT 10-K
Notice of late annual filing
1 Apr 24
8-K
ME2C Environmental Issues Statement on Patent Litigation Win
5 Mar 24
8-K
Entry into a Material Definitive Agreement
4 Mar 24
Transcripts
MEEC
Earnings call transcript
2024 Q1
16 May 24
MEEC
Earnings call transcript
2023 Q4
15 Apr 24
MEEC
Earnings call transcript
2022 Q4
17 Apr 23
MEEC
Earnings call transcript
2022 Q3
15 Nov 22
MEEC
Earnings call transcript
2022 Q2
17 Aug 22
MEEC
Earnings call transcript
2021 Q4
6 Apr 22
MEEC
Earnings call transcript
2021 Q3
16 Nov 21
MEEC
Earnings call transcript
2021 Q2
17 Aug 21
MEEC
Earnings call transcript
2021 Q1
18 May 21
MEEC
Earnings call transcript
2018 Q4
11 Apr 19
Latest ownership filings
4
John Pavlish
26 Jun 24
4
Richard MacPherson
26 Jun 24
SC 13D/A
Alterna Core Capital Assets Fund II, L.P.
13 Mar 24
4
Troy J Grant
16 Jan 24
4
Fiona Fitzmaurice
16 Jan 24
4
David M Kaye
16 Jan 24
4
James Trettel
16 Jan 24
4
John Pavlish
16 Jan 24
4
Christopher Greenberg
16 Jan 24
4
Richard MacPherson
16 Jan 24
Financial summary
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 8.44 mm | 8.44 mm | 8.44 mm | 8.44 mm | 8.44 mm | 8.44 mm |
Cash burn (monthly) | 916.56 k | (no burn) | 2.05 mm | 10.77 k | 894.47 k | (no burn) |
Cash used (since last report) | 3.44 mm | n/a | 7.71 mm | 40.46 k | 3.36 mm | n/a |
Cash remaining | 5.00 mm | n/a | 730.09 k | 8.40 mm | 5.08 mm | n/a |
Runway (months of cash) | 5.5 | n/a | 0.4 | 779.5 | 5.7 | n/a |
Institutional ownership, Q3 2019
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
24 Jun 24 | MacPherson Richard | Common Stock | Payment of exercise | Dispose F | No | No | 0.6601 | 613,544 | 405.00 k | 12,704,403 |
24 Jun 24 | MacPherson Richard | Common Stock | Option exercise | Acquire M | No | No | 0.27 | 1,500,000 | 405.00 k | 13,317,947 |
24 Jun 24 | MacPherson Richard | Stock Option Common Stock | Option exercise | Dispose M | No | No | 0.27 | 1,500,000 | 405.00 k | 0 |
24 Jun 24 | Pavlish John | Common Stock | Payment of exercise | Dispose F | No | No | 0.6601 | 245,418 | 162.00 k | 1,770,110 |
24 Jun 24 | Pavlish John | Common Stock | Option exercise | Acquire M | No | No | 0.27 | 600,000 | 162.00 k | 2,015,528 |
24 Jun 24 | Pavlish John | Common Stock | Payment of exercise | Dispose F | No | No | 0.6601 | 681,715 | 450.00 k | 1,415,528 |
24 Jun 24 | Pavlish John | Common Stock | Option exercise | Acquire M | No | No | 0.45 | 1,000,000 | 450.00 k | 2,097,243 |
24 Jun 24 | Pavlish John | Stock Option Common Stock | Option exercise | Dispose M | No | No | 0.27 | 600,000 | 162.00 k | 0 |
24 Jun 24 | Pavlish John | Stock Option Common Stock | Option exercise | Dispose M | No | No | 0.45 | 1,000,000 | 450.00 k | 0 |
15 Jan 24 | MacPherson Richard | Stock Option Common Stock | Grant | Acquire A | No | No | 0.88 | 300,000 | 264.00 k | 300,000 |
Press releases
Birchtech Signs Feedstock Agreement to be Used to Supply Product with Potential to Generate Sales Valued at Over $7 Million Annually in the Water Purification Market
22 Oct 24
Birchtech Begins Trading Under New Stock Symbol [BCHT] in the U.S. and Canada, Special Shareholder Webinar Announced Addressing Corporate Rebrand
17 Oct 24
Midwest Energy Emissions Corp Becomes "Birchtech", Corporate Name Change and Stock Symbol Announced Alongside Conditional Listing Approval from the TSX
15 Oct 24
ME2C Environmental Opening Two Best-in-Class Labs to Assist Communities Removing "Forever Chemicals" from Drinking Water
9 Oct 24
ME2C Environmental Reports Second Quarter 2024 Financial Results
12 Aug 24