DRP Journal

Discover Research Profit

Finance 

CDTi Advanced Materials Inc (OTCMKTS:CDTI) Stock Soars 172% After FY22 Earnings

Ian Leigh , , , ,

Leader in advanced catalyst technology, CDTi Advanced Materials Inc (OTCMKTS:CDTI) reported financial results for year ending December 31, 2022.

Trading Data

On Monday, CDTI stock gained 171.98% to $0.4300 with more than 126.48K shares, compared to its average volume of 4.09K shares. The stock moved within a range of $0.1810 – 0.4400 after opening trade at $0.1810.

CDTi Advanced Materials, Inc. Reports Year-end 2022 Financial Results

Matthew Beale, the Company CEO said that the 2022 results show the company’s potential for profitability and growth in the chosen markets. Beale added that revenue expansion was due to fresh demand for the existing patented technology and the successful introduction of new proprietary products.

The CEO also said that its fuel-borne catalyst product line for offroad markets saw vital traction in North America during the previous year. As per Beale, the company is well positioned for growth in the current year and beyond both on-road and off-road markets.

The company also deployed advanced catalyst coating technology in two exciting new growth markets: carbon capture and hydrogen production. Beale stated that the contribution of clean energy segments will increase in the next few years.

CDTi is positioning itself as a comprehensive catalyst technology company and is looking at creating multi-faceted customer partnerships to drive near and long-term growth.  The firm’s total revenues for the entire year was $9.7 million, vis-à-vis $6.4 million in 2021. Its gross margin was 32% as compared to 31% for 2021. Its total operating expenses in 2022 was $3.0 million compared to $3.1 million in 2021.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.