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CDTi Advanced delivers cutting-edge emission control solutions through advanced catalyst systems for automotive and industrial applications. This news hub provides investors and industry professionals with essential updates on technological breakthroughs, regulatory compliance developments, and strategic partnerships.
Access real-time announcements covering earnings reports, catalyst innovations, clean energy initiatives, and market expansions. Our curated collection ensures you stay informed about CDTi's leadership in reducing platinum group metal reliance and expanding into emerging sectors like hydrogen production and methane abatement.
Discover official press releases detailing new OEM collaborations, environmental certifications, and product launches that shape the future of combustion efficiency. Bookmark this page for direct access to verified updates about CDTi's progress in developing sustainable solutions for global emission challenges.
CDTi Advanced Materials, Inc., a leader in advanced catalyst technology, reported its financial results for the year ended December 31, 2023. The company focused on clean energy solutions, strengthening collaborations, and expanding product offerings. Despite lower revenue in the fuel borne catalyst segment, CDTi remains optimistic about long-term growth. The company signed agreements, completed engineering orders, and expanded into new markets, positioning itself for further growth. Financially, total revenue was $8.6 million, with a 35% gross margin. Operating income was $115 thousand, with $1.3 million in cash on hand at the end of 2023.
CDTi Advanced Materials reported 2020 financial results, highlighting total revenue of $5.0 million, a decrease from $8.8 million in 2019, largely due to COVID-19 and discontinuation of the coated catalyst business. Gross margin fell to 34% from 44%, leading to an operating loss of $1.5 million compared to $0.3 million profit in 2019. CEO Matthew Beale noted licensing agreements in automotive and progress in battery and hydrogen markets, signaling future growth potential despite current revenue challenges.
