Clean Energy Technologies Reports $1.7M Loss, Cash Drops to $19.7K, and Adds $529K in Punitive Convertible Debt
CETY has more than doubled off its 52-week low of $0.463 on light trading volume (0.2× avg).
Summary
Clean Energy Technologies reported a $1.7M net loss for H1 2026, with cash down to $19.7K and new punitive convertible debt issued after quarter-end. The company remains a going concern with ineffective disclosure controls.
Key Events · Earnings and Guidance · CETY
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Cash Collapses to $19.7K
Cash fell from $602,461 at December 31, 2025 to $19,735 at June 30, 2026, while operating activities used $1.66M in cash during the six months.
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Net Loss of $1.7M
Net loss for H1 2026 was $1,735,079, compared to $1,699,803 in H1 2025, with gross profit collapsing to $3,689 from $635,535.
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Punitive Convertible Debt Continues
Convertible notes payable rose to $1,876,849 from $880,052, and derivative liability rose to $758,918 from $493,308, reflecting new notes with 85% conversion discounts and 12% interest.
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Post-Quarter Financing Adds Dilution Risk
After June 30, 2026, the company issued four convertible notes totaling $624,750 in principal for net proceeds of $529,000.80, with conversion prices at 85% of the lowest closing bid price.
Analysis · CETY · Energy & Transportation
The company's cash position has collapsed to $19,735, down from $602,461 at year-end, while it continues to rely on deeply punitive convertible notes with 85% conversion discounts and 12% interest. The going concern warning remains, and the company disclosed four new convertible notes issued after quarter-end, adding further dilution risk. The derivative liability from these notes has grown to $758,918, and the company's disclosure controls are ineffective. This is a critical deterioration in an already distressed micro-cap.
At the time of this filing, CETY was trading at $0.97 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $11.8M. The 52-week trading range was $0.46 to $5.01. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.