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The Revolutionary and Disruptive Technology: Initiating Coverage with Strong Buy Rating and 12X Upside

Investment Conclusion:

... The Revolutionary and Disruptive Technology: Initiating Coverage with Strong Buy Rating and 12X Upside
Investor Presentation
GlyEco, Inc. is a green chemistry company which transforms used glycols, a hazardous waste, into profitable green products. The Company’s patent-pending technology recycles polluted glycols to a purity level equal to refinery produced material. This unique process cleans all five types of polluted glycols: HVAC, Textiles, Automotive, Airline and Medical. World-wide consumption for refinery produced ethylene glycol is over 5 Billion gallons per year.

GlyEco Overview
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GlyEco (GLYE) Reports 2013 Second Quarter Financial Results and an Upcoming Conference Call

Revenue increased 719% year-over-year is what GlyEco is doing these days. Today, GlyEco has released their Q2 2013 financial results and they are quite impressive. Here are some of the key highlights from their report:

Second Quarter 2013 Financial Summary – Q2 2013 over Q2 2012

  • Net sales increased 719% to $1.4 million, up from $173,117
  • Gross profit increased 1,210% to $475,609, up from $36,301
  • Gross profit margin increased to 34%, up from 21%
  • Net loss decreased 61% to $199,435, down from a loss of $506,911
  • Net loss per share decreased 50% to $0.01 per share, down from a loss of $0.02 per share
  • Shareholders' equity increased 54% to $5.3 million, up from $3.4 million

Click here to read the entire release on their results.

Also announced today, GlyEco will host a conference call on Monday, August 19, with CEO John Lorenz and CFO Alicia Williams Young at 4:30 p.m. Eastern time (1:30 p.m. Pacific time). To participate in the call, please dial (877) 941-8416, or (480) 629-9808 for international calls, approximately 10 minutes prior to the scheduled start time.

A replay of the call will be available for two weeks from 7:30 p.m. ET on August 19, 2013, until 11:59 p.m. ET on September 2, 2013. The number for the replay is (877) 870-5176, or (858) 384-5517 for international calls; the passcode for the replay is 4636193.

For an exclusive look into GlyEco, check out our interview with CEO John Lorenz and our full report.


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