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CleanCore Solutions Inc. (NYSE American: ZONE) is at the forefront of innovative cleaning technology. The company specializes in developing and manufacturing cleaning products that utilize pure aqueous ozone, a powerful disinfectant safe for professional, industrial, and home use. At the heart of CleanCore’s offerings is its patented nanobubble technology, which effectively cleans, sanitizes, and deodorizes surfaces and high-touch areas without the need for harmful chemicals.
CleanCore serves a diverse range of industries including janitorial and sanitation, ice machine cleaning, laundry, and various industrial applications. Its products are indispensable in environments such as retail establishments, distribution centers, factories, warehouses, restaurants, schools, universities, airports, healthcare facilities, food service sectors, and commercial buildings like offices, malls, and stores. The firm’s dedication to sustainability and safety has placed it as a preferred partner for organizations aiming to reduce their reliance on chemical cleaners.
Recently, CleanCore has achieved significant milestones. On May 1, 2024, the company announced the expansion of its relationship with Harry Reid International Airport in Las Vegas. Following a successful pilot, additional Power Caddy units have been deployed to enhance cleaning and disinfection practices. The Power Caddy is a portable unit that produces CleanCore's patented aqueous ozone solution, offering a chemical-free, cost-effective means of maintaining hygiene in high-traffic areas. This deployment underlines the airport's commitment to sustainability and passenger safety.
Furthermore, on May 14, 2024, CleanCore revealed the commercial installation of its Power Caddies at a major international airport in the Northeastern United States. These installations are part of the airport's efforts to embrace sustainable and effective cleaning solutions while reducing labor time and costs associated with traditional cleaning materials.
In addition to airports, CleanCore has seen rapid growth in its hotel vertical. This includes the deployment of various products across all Sonesta branded properties operated by the Byrd Hotel Group in Phoenix. CleanCore's solutions, including Power Caddies, O3 Cleanpaks, Ice Machines, Fill Stations, and Laundry units, have proven highly effective in reducing harmful chemicals and costs associated with cleaning operations.
CleanCore Solutions is committed to revolutionizing cleaning and disinfection practices with its state-of-the-art technologies. The company's mission is to provide its customers with sustainable, cost-effective solutions that outperform traditional methods, contributing to a healthier and greener future.
CleanCore Solutions (NYSE: ZONE) has signed a definitive agreement to acquire Sanzonate Europe, Europe's largest aqueous ozone product distributor. The acquisition, expected to close by March 7, 2025, will be financed through a seller-financed carryback note and earnout, avoiding dilutive equity raising.
The deal structure includes a $600,000 cash payment, $625,000 promissory note, and potential earnout payments up to $1.25M over 5 years. CleanCore will acquire $500,000 in inventory and $450,000 in accounts receivable, assuming no liabilities.
Key benefits include:
- Access to 30+ distribution partners with $10M net backlog
- $20M+ potential sales pipeline
- Enhanced gross margins and EBITDA through eliminated intermediaries
- Control of Europe's largest aqueous ozone distribution network
- Platform for expansion into Asia and South America
CleanCore Solutions (ZONE) reported Q2 FY2025 financial results, highlighting business expansion despite temporary revenue challenges. Revenue remained relatively flat at $257,000 compared to $258,000 in the same quarter last year, while net loss increased to $1.0 million from $345,000. The company's six-month revenue showed 6.5% growth through December 31, 2024.
The company has transitioned to a direct sales recurring revenue model and expanded its customer pilot programs, leading to higher sales costs and temporary revenue impacts. Notable developments include worldwide rollout with a major enterprise software company, partnerships with Fortune 500 clients, and implementation of product reengineering initiatives to reduce costs.
CleanCore is gaining traction across various sectors, including education, aviation, and hospitality, with its chemical-free cleaning solutions. The company expects increased market demand following EPA's ban on certain carcinogenic chemicals, positioning itself as a compliant alternative.
CleanCore Solutions (NYSE American: ZONE) announced the deployment of its sustainable cleaning solutions at a major international New York airport that handled over 60 million passengers in 2023. The rollout, part of a collaboration with the airport's facility management company, includes CleanCore's patented technology products that replace traditional cleaning chemicals with safe and low-cost alternatives.
The deployment focuses on high-traffic areas including passenger terminals, restrooms, and transportation hubs requiring daily maintenance. The company's solutions aim to eliminate harmful chemicals while maintaining cleaning efficacy, supporting the airport's sustainability objectives and environmental impact reduction efforts.
CEO Clayton Adams stated this rollout represents another aviation contract through their strategic facility management partnership, expecting it to drive continued growth and generate significant monthly recurring revenue.
CleanCore Solutions (NYSE American: ZONE) has appointed Travis Buchanan as President. Buchanan brings extensive experience in acquisitions, business scaling, technology deployment, and manufacturing operations. His most recent role was Chief Operating Officer at Poplar Homes, where he achieved a 10x portfolio expansion and secured $53 million in Series B financing.
Previously, as Senior Vice President of Business Initiatives at American Homes 4 Rent (NYSE: AMH), Buchanan led strategic initiatives and scaled nationwide operations. His background includes entrepreneurial ventures, turnaround consulting for manufacturing and consumer brands, and experience in commercial real estate lending. He holds a bachelor's degree from California State University and is a Certified Financial Planner™.
CleanCore Solutions (NYSE: ZONE) commends the EPA's recent ban on two carcinogenic chemicals: trichloroethylene (TCE) and perchloroethylene (PCE). The EPA has completely banned TCE, commonly found in degreasing agents and furniture care products, while PCE, used in dry cleaning and auto repair, will be prohibited for consumer applications and most commercial uses.
As companies must now adopt safer alternatives, CleanCore positions its water-based cleaning technology as a compliant solution. The company's aqueous ozone technology offers a chemical-free alternative that prioritizes health and safety while maintaining operational efficiency.
CleanCore Solutions (NYSE American: ZONE) announced a pilot program with a major international hotel chain in a U.S. location, following successful installation with one of the chain's franchisees. The program includes testing of Power Caddies, Fill Stations, Ice Treatment machines and Laundry solutions. The partnership has potential for expansion across the hotel chain's network of over 1,000 hotels in eight countries across three continents. CleanCore highlights its impressive 98% conversion rate from pilot testing to signed contracts, demonstrating the effectiveness of their eco-friendly cleaning solutions in meeting industry standards.
CleanCore Solutions (NYSE: ZONE) reported Q1 FY2025 financial results showing 12% year-over-year revenue growth to $365,000, up from $326,000 in Q1 FY2024. However, the company experienced increased losses with net loss widening to $856,000 from $437,000 year-over-year. General and administrative expenses rose to $916,000 from $510,000, primarily due to increased professional fees, public company costs, European certifications, and stock compensation. The company expanded its customer base, securing agreements with a building service contractor in transportation and Montessori Schools, while deploying over 200 cleaning systems at a western U.S. university.
CleanCore Solutions (NYSE American: ZONE) has expanded its education vertical to include preschools and daycare centers, with Hand In Hand Montessori School in Minnesota as an early adopter. The company's patented chemical-free cleaning technology offers a safe and cost-effective alternative to traditional cleaning chemicals, particularly suitable for early childhood environments. The solution allows facilities to maintain cleanliness throughout the day without risking children's health, while reducing chemical costs and environmental impact.
CleanCore Solutions (NYSE American: ZONE) is set to ring the NYSE Opening Bell today, celebrating its progress and listing on the New York Stock Exchange. The company, which develops patented technology for safe and low-cost cleaning chemical alternatives, began trading under the ticker symbol 'ZONE' on April 26, 2024.
CEO Clayton Adams expressed pride in the company's achievements since listing, emphasizing their goal to revolutionize cleaning and disinfection using aqueous ozone technology. CleanCore aims to eliminate harmful chemicals, reduce environmental impact, and provide sustainable, cost-effective solutions that outperform traditional methods.
The company also disclosed that its audited financial statements for the fiscal year ended June 30, 2024, included an audit report with a going concern opinion from its independent registered public accounting firm, as required by NYSE American Company Guide Section 610(b).
CleanCore Solutions, Inc. (NYSE American: ZONE) reported its 2024 fiscal year financial results and provided a business update. The company, which develops patented aqueous ozone cleaning technology, highlighted several key points:
Financial Highlights:
- Current cash position of $1.85M, providing over two years of runway
- Expects to be cash flow positive in next 12 months
- Gross margin increased to 49.6% in 2024 from 29.9% in 2023
- Revenue was $1.6 million in 2024 compared to $2.4 million in 2023
- Net loss decreased to $2.3 million in 2024 from $5.3 million in 2023
The company attributes its improved gross margins to a strategic shift towards direct product sales. CleanCore's CEO, Clayton Adams, emphasized the growing adoption of their eco-friendly cleaning systems in key sectors such as healthcare, education, and aviation. The company aims to capitalize on the projected $92.7 billion global cleaning services market by 2027.
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