Clear Blue Technologies International (CBLU) Q2 2025 earnings summary

Executive summary

• Transitioned to "Clear Blue 2.0" with a focus on cost efficiency, product expansion, and new partnerships after a challenging period marked by high debt and market headwinds.

• Recapitalization and cost structure improvements have positioned the business for sustainable growth, with a focus on three core markets: African telecom, satellite internet, and North American solar lighting.

• Strategic partnerships, notably with Eutelsat, are expected to drive multi-year, multimillion-dollar revenue opportunities.

• Q2 2025 revenue reached $1,133,996, up 12% year-over-year, driven by increased North American lighting sales.

• The company is targeting sustainable growth through improved unit economics and profitability.

Financial highlights

• Q2 2025 revenue grew 12% year-over-year to $1.13 million; year-to-date revenue reached $2.2 million, nearly matching last year's full-year revenue.

• Gross margin improved to 44% in Q2 2025 from 24% last year; year-to-date gross margin at 48% versus 32% in 2024.

• Recurring revenue in Q2 2025 was $179,848, up 6% year-over-year, and now represents up to 75% of total revenue.

• Adjusted EBITDA improved 69% in Q2 2025 and 57% year-to-date; operating expenses down 14% in Q2 and 20% year-to-date.

• Bookings as of June 30, 2025, were $4,235,599, with $3,533,025 expected to be recognized in the next 12 months.

Outlook and guidance

• Second half of the fiscal year expected to deliver the strongest quarters, with focus on timely delivery of key projects and achieving positive adjusted EBITDA.

• Success in H2 2025 will be driven by Micro and Nano-Grid product deliveries and new contract wins.

• Targeting $2–$2.2 million in quarterly revenue at 40% margin to reach EBITDA and cash flow break-even.

• Growth is expected from new product launches and expanded partnerships, especially in Africa and North America.