Welcome to our dedicated page for CleanCore Solutions news (Ticker: ZONE), a resource for investors and traders seeking the latest updates and insights on CleanCore Solutions stock.
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) 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.
CleanCore Solutions (NYSE American: ZONE) has successfully installed over 200 of its patented cleaning systems at a major university in the western United States. This installation followed a successful pilot program of 30 units and includes training and support for employees. The university aims to become a chemical-free campus, and has purchased CleanCore's Power Caddies and Fill Stations for chemical-free sanitization and cleaning.
Four other universities have also engaged CleanCore to provide similar solutions. The company's CEO, Clayton Adams, emphasized their commitment to promoting sustainability and health in educational institutions. CleanCore's solutions not only offer health and environmental benefits but also reduce chemical costs, providing an attractive return on investment.
CleanCore Solutions, Inc. (NYSE American: ZONE) has successfully launched a revenue-generating pilot program with one of the world's leading international logistics companies. The program involves using CleanCore's Power Caddies and other cleaning solutions in a portion of the client's million-plus square-foot facility. This Fortune 50 logistics company has a vast international presence, including warehouse facilities, aircraft, and ground transportation vehicles, along with over 500,000 employees globally.
CEO Clayton Adams expressed confidence that the initial purchase order will lead to significant, long-term, enterprise-wide contracts, citing early positive feedback, high customer satisfaction, and meaningful cost savings. The client intends to deploy CleanCore products throughout its organization following a successful pilot, aligning with their focus on safer cleaning solutions and internal sustainability goals.
CleanCore Solutions (NYSE American: ZONE) projects over 125% sequential revenue growth for Q4 FY2024 compared to Q3 FY2024, and over 50% revenue growth compared to Q4 FY2023. The company expects gross margins to increase both sequentially and year-over-year. CEO Clayton Adams attributes this growth to a focus on direct sales and a well-received recurring revenue model. CleanCore's strategy aims to boost revenue and accelerate profitability. The company is gaining traction, particularly with large Fortune 100 clients exiting pilot programs successfully. An investor conference call will be held to discuss the full fiscal year results.
CleanCore Solutions has announced that one of the largest airports in the southwestern United States will be installing its Power Caddy units following a successful pilot program. The Power Caddy units produce a patented aqueous ozone solution, which offers chemical-free, safe, and cost-effective disinfection and cleaning. CEO Clayton Adams highlighted the strong adoption of the technology, emphasizing its safety, reliability, and efficiency over traditional cleaning methods. The airport, which served over 48 million passengers in 2023, demonstrates a significant validation of CleanCore's technology for large, high-traffic facilities.
CleanCore Solutions, developer of aqueous ozone technology, reported a business update for Q3 FY2024 and appointed Clayton Adams as CEO and Chairman. Key highlights include completing an IPO with gross proceeds of $5 million, starting NYSE American trading on April 26, 2024, and securing new customer relationships and Green Seal certifications.
Despite a decrease in Q3 revenue to $0.3 million from $0.6 million in the same period of 2023, the company projects a 75% sales increase sequentially in Q4 2024. They attribute this to a shift from distributor to direct sales models and new customer pilots in major airports and hospitality groups. CleanCore is also set to benefit from PFAS chemical bans and holds a strong cash position post-IPO. However, net loss increased to $0.5 million due to higher advertising and administrative expenses.
CleanCore Solutions (NYSE American: ZONE) has announced a new partnership with Byrd Hotel Group to deploy its patented aqueous ozone technology across all Byrd-operated Sonesta properties.
The initial installation will cover the first four locations, featuring products like Power Caddies, O3 Cleanpaks, Ice Machines, Fill Stations, and Laundry units. The move aims to enhance cleanliness, remove harmful chemicals, and offer significant cost savings, such as a 75% reduction in laundry detergent costs.
Both Byrd Hotel Group and CleanCore executives are optimistic about the partnership's potential for growth and profitability in the hospitality sector.
FAQ
What is the current stock price of CleanCore Solutions (ZONE)?
What is the market cap of CleanCore Solutions (ZONE)?
What does CleanCore Solutions Inc. specialize in?
What is CleanCore’s patented technology?
In which industries are CleanCore products used?
What are some recent achievements of CleanCore Solutions?
What is the Power Caddy?
How has CleanCore impacted the hospitality industry?
What environments benefit from CleanCore’s products?
What is CleanCore's mission?
How does CleanCore contribute to sustainability?
Where can I find more information about CleanCore Solutions?
