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CleanCore Solutions (ZONE) delivers innovative chemical-free cleaning systems through patented aqueous ozone and nanobubble technology. This dedicated news hub provides investors and industry professionals with essential updates on financial performance, technological advancements, and market expansion initiatives.
Access real-time information about earnings reports, strategic partnerships, product launches, and sustainability milestones. Our curated news collection helps stakeholders understand how CleanCore’s solutions reduce operational costs while meeting growing demand for eco-friendly sanitation in healthcare, hospitality, and industrial sectors.
Key updates on regulatory developments, installation case studies, and patent portfolio expansions. Bookmark this page for centralized access to press releases and objective analysis of CleanCore’s position in the $XX billion commercial cleaning market.
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.
On May 23, 2024, CleanCore Solutions announced it received two new Green Seal certifications (GS-51 and GS-53) for its aqueous ozone technology. This follows their previously granted GS-37 certification. These certifications affirm CleanCore's commitment to sustainability and health, positioning their product as a safer cleaning solution. Chief Revenue Officer Gary Hollst and CEO Doug Moore highlighted the growing demand for CleanCore's patented technology across various industries, emphasizing its environmental responsibility, cost-efficiency, and high cleaning performance.
CleanCore Solutions has announced the installation of its Power Caddy units at a major international airport in the Northeastern US. The units utilize CleanCore's patented aqueous ozone technology for chemical-free, safe, and cost-effective disinfection. Following successful pilot testing, these installations aim to enhance sustainability, safety, and reduce labor and material costs. CEO Douglas T. Moore highlights the suitability of Power Caddies for large, high-traffic areas like airports. Additionally, the company reports rapid growth in its sales pipeline across various sectors, including transportation, hospitality, manufacturing, and education.
