ORIGINCLEAR, INC. SEC 10-Q Report

OriginClear, Inc., a company specializing in water treatment solutions, has released its Form 10-Q report for the second quarter of 2025. The report outlines significant financial and operational developments, reflecting the company's ongoing efforts to realign its business strategy amidst challenging market conditions.

Financial Highlights

Revenue: $0.94 million, a decrease of 10% compared to the same period in 2024 due to lower equipment contract revenue.

Gross (loss) profit: $(0.66) million, compared to a profit of $0.64 million in the second quarter of 2024, primarily due to increased cost of goods sold.

Loss from Operations: $(1.71) million, compared to $(0.91) million in 2024, reflecting higher costs and reduced revenue.

Net (loss) income from continued operations: $(8.15) million, compared to $2.92 million in 2024, driven by lower gross profit and a swing in other income (expense).

Net (loss): $(8.03) million, compared to net income of $2.82 million in 2024, impacted by reduced derivative gains and absence of one-time favorable items.

Basic and diluted earnings (loss) per share from continuing operations: $(0.00), compared to $0.00 in 2024, reflecting the net loss for the period.

Business Highlights

Revenue Segments: The company reported revenue from equipment contracts, component sales, and service sales. Equipment contracts contributed $1,705,655, component sales $523,238, and service sales $115,233 for the six months ended June 30, 2025.

Discontinued Operations: The Modular Water Systems (MWS) business unit was wound down during Q2 2025, following a strategic review. This decision was made to align with the company's long-term objectives, and MWS is now reported as discontinued operations.

Operational Shift: Water on Demand, Inc. (WODI) shifted its strategic focus from manufacturing to financial technology, specifically developing an infrastructure fund to finance decentralized water treatment systems in underserved communities.

Facility Relocation: In July 2024, Progressive Water Treatment, Inc. (PWT) relocated to a new 12,000-square-foot production facility in Sherman, Texas, under a triple-net lease.

Future Outlook: Management expects revenue for the remainder of 2025 to be driven by PWT’s backlog. The wind-down of MWS allows resources to be redirected to financing activities, and the company is focusing on raising additional capital to fund operations and execute its decentralized water-finance strategy.

SEC Filing: ORIGINCLEAR, INC. [ OCLN ] - 10-Q - Aug. 15, 2025