AirJoule Technologies posts Q2 net loss

AirJoule Technologies

13/08/2026 22:39

Overview
US water-from-air tech platform reported Q2 net loss, basic loss per share was $0.12
Company ended Q2 with $41.4 mln cash and no debt, after direct offering proceeds
Exclusive Kubota sales agreement enables AirJoule system deployments in Texas and California

Outlook
AirJoule expects 2026 combined cash spend of $27 mln to $28 mln, up from $25 mln prior
Company plans to deploy AirJoule Core and Prime systems in US, Europe and UAE in 2026
Company aims to complete design for manufacturing and contract manufacturing preparations in 2026

Result Drivers
COMMERCIALIZATION ACTIVITY - Co cited increased commercialization efforts, including new deployments and customer demonstrations, as a driver of higher cash spend and operational focus
STRATEGIC PARTNERSHIPS - Exclusive sales agreement with Kubota and collaborations with GE Vernova and the Net Zero Innovation Hub supported product deployments and market access

Company press release: ID:nGNX1Gq6p8

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Loss Per Share
 
$0.12
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for AirJoule Technologies Corporation is $7.00, about 10.8% above its August 12 closing price of $6.32

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)