From GlobeNewswire: 2025-05-28 17:21:00

Clear Blue Technologies International Inc. reports financial results for Q1 2025, with a decrease in bookings to $4,365,698 and a 50% decrease in TFQ revenue to $3,001,003. Gross profit decreased by 42% to $1,563,054, but gross margin percentage increased to 52%. Non-IFRS Adjusted EBITDA was ($2,634,592). Cash as of March 31, 2025, was $128,971 with $1,800,000 remaining from IRAP Green Fund contract.

In Q1 2025, revenue increased by 30% to $1,051,261 compared to Q1 2024. Recurring revenue decreased by 28% to $217,662. Gross profit increased by 63% to $551,601, with a healthy gross margin percentage of 52%.

Clear Blue Technologies International is focused on three key themes for growth in 2025: Smart Solar Lighting, Transition to Zero Diesel in Africa’s telecom industry, and Enabling Satellite Internet & IoT Expansion. The company has launched 3 new products in the past 2 years and completed financial restructuring to support growth.

CEO Miriam Tuerk highlights the completion of financial restructuring and emphasizes building a strong growth trajectory for Clear Blue. A conference call on May 29th will review the company’s 2024 results and provide an update on the 2025 outlook and growth plan. Interested parties can register online.

Clear Blue Technologies International, known as the Smart Off-Grid™ company, delivers clean, managed, wireless power solutions for various industries globally. The company has thousands of systems under management in 37 countries. (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF)



Read more at GlobeNewswire:: Clear Blue Technologies Announces Q1 2025 Financial