MEEC - Midwest Energy Emissions provides prelim FY22 revenue guidance

Midwest Energy Emissions (OTCQB:MEEC) issued FY22 guidance based on positive developments in business conditions, demand indications from major customers, and the commencement of activity under new licensing agreements. Prelim revenue is seen rising 60% Y/Y with majority of revenue increase expected to be realized in the latter half of the year; year-end revenue target seen in the range of ~$20 to $22M. FY21 prelim revenues are seen at ~$13M compared to revenues of ~$8.2M in 2020. The company was able to eliminate all convertible debt, enter into debt repayment agreement with Alterna Capital. With its license agreement with Vistra for including new supply business, revenue is expected to increase through 2022 based on existing coal-fired power supply demands.

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Midwest Energy Emissions provides prelim FY22 revenue guidance