MEEC Midwest Energy Emissions Corp.
Midwest Energy Emissions Corp. is an environmental services and technology company, which engages in the development of mercury emission control technologies. It delivers patented and proprietary solutions to the global coal-power industry to remove mercury from power plant emissions. The company was founded by Richard A. MacPherson on July 19, 1983 and is headquartered in Lewis Center, OH.
Company profile
Ticker
MEEC
Exchange
Website
CEO
Richard A. MacPherson
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
China Youth Media, Inc., Digicorp, Digicorp, Inc.
SEC CIK
Corporate docs
IRS number
870398271
MEEC stock data
()
Investment data
Securities sold
Number of investors
Calendar
14 May 20
3 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|
| Revenue | 2.52M | 3.6M | 2.51M | 2.79M | |
| Net income | -4.77M | -850.54K | -2.84M | 2.36M | |
| Diluted EPS | -0.06 | -0.01 | -0.04 | 0.03 | |
| Net profit margin | -189% | -23.65% | -113% | 84.81% | |
| Operating income | |||||
| Net change in cash | 500.39K | -321.98K | 709.33K | 26.67K | |
| Cash on hand | 1.5M | 998.9K | 1.32M | 611.55K | |
| Cost of revenue | 1.9M | 2.48M | 1.79M | 2.17M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 11.42M | 12.3M | 27.5M | 32.35M | |
| Net income | -6.1M | -4.82M | -2.9M | -15.62M | |
| Diluted EPS | -0.08 | -0.06 | -0.03 | -0.34 | |
| Net profit margin | -53.41% | -39.17% | -10.56% | -48.28% | |
| Operating income | 2.8M | 11.05K | 2.06M | ||
| Net change in cash | 914.41K | -1.83M | -5.33M | 6.67M | |
| Cash on hand | 1.5M | 584.88K | 2.42M | 7.75M | |
| Cost of revenue | 8.34M | 9.15M | 19.02M | 23.03M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 28 Jun 19 | Richard MacPherson | Stock Option Common Stock | Grant | Aquire A | 0.27 | 1,500,000 | 405K | 1,500,000 |
| 28 Jun 19 | Christopher Greenberg | Stock Option Common Stock | Grant | Aquire A | 0.27 | 600,000 | 162K | 600,000 |
| 28 Jun 19 | Richard H Gross | Stock Option Common Stock | Grant | Aquire A | 0.27 | 500,000 | 135K | 500,000 |
| 28 Jun 19 | John Pavlish | Stock Option Common Stock | Grant | Aquire A | 0.27 | 600,000 | 162K | 600,000 |
| 28 Jun 19 | James Trettel | Stock Option Common Stock | Grant | Aquire A | 0.27 | 1,000,000 | 270K | 1,000,000 |
Institutional ownership Q3 2019
13F holders |
Current |
|---|---|
| Total holders | 0 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
13F shares |
Current |
|---|---|
| Total value | 0 |
| Total shares | 0 |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|
Financial report summary
?Competition
Cabot • Canada • Environmental Energy Services • Calgon Carbon • Albemarle • Ada-es • Nalco • Nalco • Nalco • Nalco Holding
Content analysis
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| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
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New words:
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Removed:
accrue, accurate, ADA, administered, anticipated, approval, approving, arrange, assumed, assured, award, buyer, calendar, continuing, deficiency, drawn, earned, enter, ERP, feel, forfeiture, goal, Guaranty, indeterminable, Jim, jurisdiction, LIBOR, margin, markdown, markup, maturing, newly, Novinda, occurred, overhead, Persuasive, post, regularly, schedule, seasonality, seller, settlement, split, standby, Sylvester, treasury
Financial reports
10-K
2019 FY
Annual report
14 May 20
10-Q
2019 Q3
Quarterly report
14 Nov 19
10-Q
2019 Q2
Quarterly report
14 Aug 19
10-Q
2019 Q1
Quarterly report
15 May 19
10-K/A
2018 FY
Annual report (amended)
30 Apr 19
10-K
2018 FY
Annual report
11 Apr 19
10-Q
2018 Q3
Quarterly report
13 Nov 18
10-Q
2018 Q2
Quarterly report
14 Aug 18
10-Q
2018 Q1
Quarterly report
21 May 18
10-K
2017 FY
Annual report
17 Apr 18
Current reports
8-K
Changes in Registrant's Certifying Accountant
9 Jun 20
8-K
Other Events
15 May 20
8-K
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
14 Apr 20
8-K
Departure of Directors or Certain Officers
19 Nov 19
8-K
Entry into a Material Definitive Agreement
24 Oct 19
8-K
Midwest Energy Emissions Corp. Commences Patent Infringement Lawsuit; Seeks Permanent Injunction and Damages
25 Jul 19
8-K
Entry into a Material Definitive Agreement
27 Jun 19
8-K
Entry into a Material Definitive Agreement
19 Jun 19
8-K
Unregistered Sales of Equity Securities
7 Jun 19
8-K
Unregistered Sales of Equity Securities
15 May 19
Registration and prospectus
D/A
$2.6M in debt / options / securities to be acquired, sold $1.8M, 11 investors
21 Aug 19
D
$2.6M in debt / options / securities to be acquired, sold $1.3M, 8 investors
28 Jun 19
D
$3.5M in debt / options / securities to be acquired, sold $560K, 9 investors
28 Jun 18
424B3
Prospectus supplement
11 Jan 17
S-1
IPO registration
23 Dec 16
D
$13.46M in equity, sold $13.46M, 25 investors
22 Nov 16
D
$10M in debt / securities to be acquired, sold $10M, 1 investor
27 Aug 14
D/A
$5M in equity / options / securities to be acquired, sold $1.05M, 16 investors
16 May 14
D
$50K in equity, sold $50K, 1 investor
5 May 14
D
$5M in equity / options / securities to be acquired, sold $770.9K, 8 investors
2 May 14
Proxies
DEF 14A
Definitive proxy
30 Apr 18
DEF 14A
Definitive proxy
1 May 17
DEF 14A
Definitive proxy
6 Jul 16
DEF 14A
Definitive proxy
27 Oct 14
PRE 14A
Preliminary proxy
17 Oct 14
DEF 14C
Information statement
15 Sep 11
PRE 14C
Preliminary information
25 Aug 11
DEF 14A
Definitive proxy
29 May 09
DEF 14C
Information statement
25 Sep 08
PRE 14C
Preliminary information
12 Sep 08
Other
EFFECT
Notice of effectiveness
10 Jan 17
CORRESP
Correspondence with SEC
6 Jan 17
UPLOAD
Letter from SEC
6 Jan 17
UPLOAD
Letter from SEC
20 Nov 15
CORRESP
Correspondence with SEC
6 Nov 15
UPLOAD
Letter from SEC
2 Nov 15
UPLOAD
Letter from SEC
27 Dec 12
CORRESP
Correspondence with SEC
21 Dec 12
UPLOAD
Letter from SEC
14 Dec 12
UPLOAD
Letter from SEC
16 Feb 12
Ownership
4
Midwest Energy Emissions / Richard MacPherson ownership change
1 Jul 19
4
Midwest Energy Emissions / Christopher Greenberg ownership change
1 Jul 19
4
Midwest Energy Emissions / Richard H Gross ownership change
1 Jul 19
4
Midwest Energy Emissions / John Pavlish ownership change
1 Jul 19
4
Midwest Energy Emissions / James Trettel ownership change
1 Jul 19
3
Midwest Energy Emissions / David M Kaye ownership change
12 Jun 19
4
Midwest Energy Emissions / Allan T Grantham ownership change
6 Jun 19
4
Midwest Energy Emissions / Zijl Frederick Van ownership change
15 May 19
4
Midwest Energy Emissions / John Pavlish ownership change
3 Jan 19
4
Midwest Energy Emissions / Allan T Grantham ownership change
3 Jan 19
Patents
GRANT
Utility
Sorbents for the oxidation and removal of mercury
2 Jun 20
A promoted activated carbon sorbent is described that is highly effective for the removal of mercury from flue gas streams.
GRANT
Utility
Sorbents for the oxidation and removal of mercury
24 Mar 20
A promoted activated carbon sorbent is described that is highly effective for the removal of mercury from flue gas streams.
GRANT
Utility
Sorbents for the oxidation and removal of mercury
17 Mar 20
A promoted activated carbon sorbent is described that is highly effective for the removal of mercury from flue gas streams.
APP
Utility
Activated Carbon Sorbent Including Nitrogen and Methods of Using the Same
9 Jan 20
The present invention relates to activated carbon sorbents including nitrogen.
GRANT
Utility
Activated carbon sorbent including nitrogen and methods of using the same
12 Nov 19
The present invention relates to activated carbon sorbents including nitrogen.