ADES — Stock Film
STOCK FILMSCENE 1/11ADES · $3.36
Stock Expert AI presents
ADES
Advanced Emissions Solutions, Inc
~4 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Advanced Emissions Solutions, Inc. What it actually does.

Provides CyClean technology for pre-combustion coal treatment to reduce nitrogen oxide and mercury emissions. Now — the numbers.

on the stock market since 2004
139 employees
$111.7M market value
Revenue last year:
$120.3M
The loss that same year:
$52.6M
For every $1 it earns, the company spends $1.4.

The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.

THE SALES TREND
Sales are moving sideways.

No real growth (5% a year). Red columns mark years that ended in a loss.

$100.3M
2021
2022
2023
2024
$120.3M
2025
In the vault right now:
$6.6M
DEBT: $9.5M
At this pace, that money lasts less than a year.

Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.

THE PRICE TAG
MARKET VALUE / ANNUAL SALES
0.9×

This company is not turning a profit, so the market is pricing its sales instead: 0.9× for every dollar of annual revenue.

No analyst target is on record for this company.

What executives did with their own stock over the last 12 months:
49 buy10 sell

Executives buying with their own money is usually read as confidence in the company’s future.

THE FIVE-YEAR JOURNEY
Below the peak, but no collapse.

The stock trades 59% below its peak. The market has trimmed its expectations for the company.

1
THE BRIGHT SIDE · 1/3
The product is selling

Sales run at $120.3M a year. A small number, but proof the product has real buyers.

2
THE BRIGHT SIDE · 2/3
Executives are buying their own stock

Over the last 12 months, company executives reported 49 buys and 10 sells. Management buying with its own money is usually read as a good sign.

3
THE BRIGHT SIDE · 3/3
Pays a steady dividend

It pays out $1.00 per share each year — regular cash for whoever holds the stock.

1
THE RISKS · 1/2
Small sales, big loss

A loss of $52.6M against $120.3M in annual sales.

2
THE RISKS · 2/2
The cash has a countdown

At the current pace of spending, the cash lasts less than a year. After that, the company needs to find new money.

FINALE · THE GRADE
grade pending

We don’t have a report card for this stock yet — the data isn’t mature enough to grade. No grade is information too: it means the evidence is thin.

One-line summary: few numbers, an untested story. Keep watching.

What would you like to do next?
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Not covered, because the filings we hold do not carry it: earnings execution, the revenue breakdown.

This was a film — not investment advice.
Data: FMP & company filings
Sep 12, 2026 · stockexpertai.com · Stock Film