AERC - AeroClean Technologies, Inc. Stock Price, Fair Value and News
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Breaking Down AERC Revenue
Trailing 12 Months
-95.5%
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Net sales
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2023 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 |
| 2021 | 0 | 0 | 0 | 616.5K |
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Which funds bought or sold AERC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
| Mar 11, 2024 | VANGUARD GROUP INC | sold off | -100 | -72,068 | - | -% |
| Feb 14, 2024 | STATE STREET CORP | sold off | -100 | -5,768 | - | -% |
| Feb 14, 2024 | SVB Financial Group | reduced | -33.33 | -2,939 | 142 | -% |
| Feb 14, 2024 | BANK OF AMERICA CORP /DE/ | sold off | -100 | -23.00 | - | -% |
| Feb 14, 2024 | Foundry Group Next, LLC | unchanged | - | -974,391 | 72,177 | 0.03% |
| Feb 14, 2024 | TWO SIGMA SECURITIES, LLC | sold off | -100 | -8,560 | - | -% |
| Feb 14, 2024 | MILLENNIUM MANAGEMENT LLC | sold off | -100 | -6,285 | - | -% |
| Feb 14, 2024 | CROSSLINK CAPITAL INC | sold off | -100 | -218,267 | - | -% |
| Feb 14, 2024 | Royal Bank of Canada | sold off | -100 | - | - | -% |
| Feb 13, 2024 | NORTHERN TRUST CORP | sold off | -100 | -3,974 | - | -% |
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Unveiling AeroClean Technologies, Inc.'s Major ShareHolders
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Mar 01, 2024 | fg next gp, llc | 0% | 0 | SC 13D/A | |
| Feb 13, 2024 | uncork plus ii, l.p. | 1.04% | 360,098 | SC 13G/A | |
| Feb 08, 2023 | khoury amin j | 13.6% | 4,132,414 | SC 13G/A | |
| Feb 08, 2023 | helfet david | 2.5% | 770,107 | SC 13G/A | |
| Feb 08, 2023 | dateline tv holdings, inc. | 3.9% | 1,198,062 | SC 13G/A | |
| Feb 08, 2023 | northeastern university | 0% | 0 | SC 13G/A | |
| Jan 23, 2023 | fg next gp, llc | 23.7% | 7,217,710 | SC 13D | |
| Jan 23, 2023 | uncork plus ii, l.p. | 1.18% | 360,098 | SC 13G | |
| Jul 11, 2022 | northeastern university | 9.75% | 1,500,000 | SC 13G | |
| May 11, 2022 | dateline tv holdings, inc. | 8.6% | 1,198,062 | SC 13G/A |
Recent SEC filings of AeroClean Technologies, Inc.
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 27, 2024 | 15-12G | 15-12G | |
| Mar 01, 2024 | SC 13D/A | 13D - Major Acquisition | |
| Feb 13, 2024 | SC 13G/A | Major Ownership Report |
AeroClean Technologies, Inc. News
Latest updates
AeroClean Technologies, Inc. Earnings Report: Key Takeaways & Analysis
Income Statement (Last 12 Months)
| Income Statement (Quarterly) | |||||||||
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
| Revenue | 58.6% | 13,242,959 | 8,349,422 | 4,278,136 | 206,849 | 70,918 | 134,378 | 197,839 | 261,299 |
| Gross Profit | 21.9% | 4,479,071 | 3,675,162 | 49,316 | 27,551 | 34,792 | 2,969 | - | 113,566 |
| Operating Expenses | 16.3% | 16,180,202 | 13,909,393 | 4,976,072 | 5,073,907 | 4,684,127 | 2,673,707 | 2,225,570 | 1,641,578 |
| S&GA Expenses | 9.8% | 15,005,356 | 13,665,614 | 4,765,326 | 4,440,645 | 4,105,066 | 2,142,224 | 1,649,309 | 685,079 |
| R&D Expenses | 381.9% | 1,174,846 | 243,779 | 210,746 | 633,262 | 579,061 | 531,483 | 576,261 | 956,499 |
| EBITDA Margin | -157.7% | -52.74 | -20.47 | -10.55 | -5.56 | -18.50 | -14.31 | -13.23 | - |
| Interest Expenses | 15.6% | 1,443,009 | 1,248,677 | - | - | - | - | - | - |
| Earnings Before Taxes | -152.3% | -25,062,398 | -9,933,406 | -5,142,756 | 6,442,644 | -5,299,335 | -2,670,738 | -2,061,521 | -1,528,012 |
| EBT Margin | -141.8% | -54.66 | -22.60 | -10.82 | -5.82 | -18.75 | -14.51 | -13.37 | - |
| Net Income | -151.4% | -24,969,244 | -9,933,406 | -5,068,183 | 6,649,493 | -5,172,277 | -2,577,964 | -1,741,383 | -1,528,012 |
| Net Income Margin | -146.4% | -54.05 | -21.94 | -10.01 | -4.61 | -17.87 | -13.84 | -12.85 | - |
| Free Cashflow | 29.8% | -11,207,298 | -15,965,581 | -3,327,517 | -2,841,797 | -2,406,783 | -1,749,031 | -2,192,543 | - |
Balance Sheet
(In Millions)
| Balance Sheet | (In Millions) | |||||||||
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2020Q4 |
| Assets | -2.4% | 125 | 128 | 29.00 | 30.00 | 33.00 | 21.00 | 24.00 | 4.00 | 3.00 |
| Current Assets | -2.8% | 39.00 | 40.00 | 25.00 | 27.00 | 31.00 | 19.00 | 22.00 | 1.00 | 3.00 |
| Cash Equivalents | -27.7% | 5.00 | 7.00 | 22.00 | 26.00 | 29.00 | 18.00 | 20.00 | 1.00 | 2.00 |
| Inventory | -0.9% | 29.00 | 30.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | - |
| Net PPE | -19.5% | 9.00 | 11.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 0.00 |
| Goodwill | 1.7% | 21.00 | 21.00 | 1.00 | - | - | - | - | - | - |
| Liabilities | 30.9% | 85.00 | 65.00 | 9.00 | 6.00 | 17.00 | 2.00 | 2.00 | - | 1.00 |
| Current Liabilities | -15.2% | 17.00 | 20.00 | 5.00 | 3.00 | 2.00 | 1.00 | 2.00 | 2.00 | 1.00 |
| Shareholder's Equity | -36.1% | 41.00 | 64.00 | 0.00 | 24.00 | 16.00 | 20.00 | 22.00 | 2.00 | 3.00 |
| Retained Earnings | 100.0% | - | -17.85 | -7.92 | -2.85 | -9.50 | -4.33 | -1.75 | - | -8.22 |
| Additional Paid-In Capital | 2.3% | 83.00 | 81.00 | 27.00 | 26.00 | 26.00 | 24.00 | 23.00 | - | - |
| Shares Outstanding | 11.9% | 34.00 | 30.00 | 15.00 | 15.00 | 14.00 | 14.00 | 14.00 | 11.00 | 3.00 |
Cashflow (Last 12 Months)
(In Thousands)
| Cashflow (Quarterly) | (In Thousands) | ||||||||||||
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 |
| Cashflow From Operations | 29.7% | -11,285 | -16,044 | -3,405 | -2,920 | -2,485 | -1,827 | -2,270 | -1,573 | -2,228 | -1,722 | - | - |
| Share Based Compensation | 0% | 1,503 | 1,503 | 802 | 794 | 709 | 671 | 726 | - | - | - | - | - |
| Cashflow From Investing | -129.9% | -762 | 2,555 | -350 | -2.57 | -125 | -28.07 | 78.00 | -41.32 | -736 | -1,048 | - | - |
| Cashflow From Financing | 5651.2% | 9,546 | -171 | - | -422 | - | - | 21,166 | 500 | 201 | 4,973 | - | - |
AERC Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||
| Product revenues | $ 13,242,959 | $ 70,918 | $ 21,592,380 | $ 77,652 |
| Cost of sales | 8,763,888 | 36,126 | 13,438,147 | 39,890 |
| Gross profit | 4,479,071 | 34,792 | 8,154,233 | 37,761 |
| Operating expenses: | ||||
| Selling, general and administrative | 15,005,356 | 4,105,066 | 28,666,969 | 6,247,290 |
| Research and development | 1,174,846 | 579,061 | 1,422,625 | 1,110,544 |
| Total operating expenses | 16,180,202 | 4,684,127 | 30,089,594 | 7,357,834 |
| Loss from operations | (11,701,131) | (4,649,335) | (21,935,361) | (7,320,073) |
| Change in fair value of warrant liability | (12,050,500) | (650,000) | (10,324,500) | (650,000) |
| Interest expense | (1,443,009) | (2,691,686) | ||
| Other expense | 132,242 | (44,257) | ||
| Total other income | (1,310,767) | (2,735,943) | ||
| Loss before income tax benefit | (25,062,398) | (5,299,335) | (34,995,804) | (7,970,073) |
| Income tax benefit | $ 93,156 | (127,058) | $ 93,156 | (219,832) |
| Net Loss | $ (5,172,277) | $ (7,750,241) | ||
| Net Income (Loss) Per Common Share | ||||
| Basic | $ (0.76) | $ (0.37) | $ (1.12) | $ (0.56) |
| Diluted | $ (0.76) | $ (0.37) | $ (1.12) | $ (0.56) |
| Weighted-average common shares outstanding: | ||||
| Basic | 33,017,565 | 13,894,119 | 31,185,329 | 13,885,923 |
| Diluted | 13,894,119 | 13,885,923 | ||
AERC Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash | $ 5,269,376 | $ 22,062,657 |
| Restricted Cash | 629,742 | |
| Accounts receivable | 2,210,700 | 36,188 |
| Prepaid expenses and other current assets | 1,801,533 | 665,395 |
| Inventories | 29,432,880 | 2,020,713 |
| Total current assets | 39,344,231 | 24,784,953 |
| Property and equipment, net | 8,626,031 | 2,119,134 |
| Intangible assets, net | 45,301,689 | |
| Goodwill | 21,031,064 | 626,647 |
| Operating lease right-of-use assets | 10,952,143 | 1,606,485 |
| Other assets | 184,854 | 21,667 |
| Total assets | 125,440,012 | 29,158,886 |
| Current liabilities: | ||
| Accounts payable | 6,568,044 | 3,220,082 |
| Accrued expenses and other current liabilities | 5,868,740 | 1,228,402 |
| Current operating lease liability | 2,746,961 | 113,769 |
| Notes payable, current portion | 2,112,710 | |
| Total current liabilities | 17,296,455 | 4,562,253 |
| Long-term liabilities: | ||
| Warrant liability, at fair value | 23,634,000 | 3,372,000 |
| Notes payable, net of current portion | 34,054,482 | |
| Long-term operating lease liability | 8,245,493 | 1,521,431 |
| Deferred tax liability | 1,504,526 | |
| Total liabilities | 84,734,956 | 9,455,684 |
| Stockholders' equity: | ||
| Common stock, $0.01 par value per share; 110,000,000 shares authorized; 34,002,750 and 15,496,932 issued and outstanding as of June 30, 2023 and December 31, 2022, respectively | 340,465 | 154,969 |
| Additional paid-in capital | 83,184,034 | 27,465,024 |
| Accumulated deficit | (7,916,791) | |
| Total stockholders' equity | 40,705,056 | |
| Total liabilities and stockholders' equity | $ 125,440,012 | $ 29,158,886 |