Midwest Energy Emissions Corp. Provides Revenue Guidance for the First Quarter of 2017 and Reiterates Revenue Guidance for the Full Year Ending December 31, 2017
April 19, 2017 at 01:30 pm
Midwest Energy Emissions Corp. provided revenue guidance for the first quarter of 2017 and reiterates revenue guidance for the full year ending December 31, 2017. The company expects total revenues for the first quarter of 2017 to be in excess of $5.3 million, an increase of at least 57% when compared to revenue of $3.4 million in the first quarter of 2016. This year over year growth is primarily attributed to the company operating all of its Mercury and Air Toxics Standard (MATS)-compliant systems under contract during the quarter.
For the full year ending December 31, 2017, the company reiterates expected revenues of between $60 to $70 million, based on current power demand forecasts and plant projections.