MyCelx Technologies – Trading Update argues “confident in the opportunity available”, BUT…

Most recently on company describing itself as “a leading provider of proprietary water treatment technology to the oil and gas and other industries worldwide” MyCelx Technologies (MYX), last month with the shares at around 50p I wrote ‘interims, how much “progress” really to being “the global standard for onshore and offshore produced water treatment”?’ concluding to still sell. The shares most recently closed at 58p, but what of today a “Trading Update”?

MyCelx Technologies – interims, how much “progress” really to being “the global standard for onshore and offshore produced water treatment”?

The CEO of MyCelx Technologies (MYX) Connie Mixon states that “the first half of 2026 demonstrates continued progress in our strategy to build the MYCELX brand as the global standard for onshore and offshore produced water treatment”. I though most recently wrote on the company in July, ‘states “continues to manage its working capital to support its future growth ambitions”, it means because otherwise it’s cash crunch ahoy?’. So what’s the half-year results detail in the context of the valuation at an around 50p share price?

MyCelx Technologies – states “continues to manage its working capital to support its future growth ambitions”, it means because otherwise it’s cash crunch ahoy?

Describing itself as “a leading provider of proprietary water treatment technology to the oil and gas and other industries worldwide”, MyCelx Technologies (MYX) has issued a trading update including that it “remains on track to meet the market’s expectations for FY2026 of $11.0 million revenue with 80% of that amount either already booked, contracted or expected through recurring lease and media sales”. So what about a share price currently further down from above 66p reached last month, at 54p?

MyCelx Technologies – emphasises 2025 “strong revenue growth, returned to profitability” but what about in cash terms?…

MyCelx Technologies (MYX) has announced its results for the 2025 calendar year with CEO Connie Mixon emphasising “strong revenue growth, returned to profitability and made meaningful commercial progress across our core markets… We are seeing increasing demand for advanced Produced Water treatment solutions, particularly in the Permian Basin, Gulf of Mexico and Middle East, where operators are under growing pressure to reduce costs, improve water quality and oil recovery, and meet stricter environmental standards”. So what’s the detail, with the shares currently further higher at above 46p in response?

MyCelx Technologies – “pleased to announce that it has opened a line of credit”, but how ‘pleasing’ really?…

MyCelx Technologies (MYX) “is pleased to announce that it has opened a line of credit with TriState Capital Bank… placing itself in a stronger position to pursue its robust opportunity pipeline and further capitalize on recent successful trials and installations”. That sounds positive, but what’s the detail?

MyCelx Technologies – 2024 results argue “look forward to updating… on the company's progress over the remainder of 2025”. Er, how did similar for 2024 go?!…

Most recently on “clean water and clean air technology company” MyCelx Technologies (MYX), last month with the shares further lower at 24.3p I concluded latest overall developments were far from ‘pleasing’ and, at least ahead of the results detail, still avoid/sell. The shares most recently closed at 23p and what of now the company’s 2024 results and the shares currently falling towards 20p?

MyCelx Technologies – “pleased to provide an update on its trading and business operations”. Er, really?…

‘The clean water and clean air technology company’ MyCelx Technologies (MYX) states that it “is pleased to provide an update on its trading and business operations”. What of this, with already down from above 37p early this year, the shares currently further lower at 24.3p in response?

MyCelx Technologies (#MYX) – tariffs mean projects requoting for customer approvals

MyCelx Technologies – “pleased to provide… Year-end Update”. Er, what’s financially ‘pleasing’ then?!

Describing itself as a “clean water and clean air technology company founded to transform the environmental impact of industry”, MyCelx Technologies (MYX) has issued a “Year-end Update” it states that it is “pleased to provide”. The shares have currently responded slightly higher to 37p, so what of this and still this price comparing to above 60p at the start of 2024?

MyCelx Technologies (#MYX) – expects 2024 “broadly in line” with expectations, cash approx. $1.3m

MyCelx Technologies – interims, is it really now “well placed to capitalise on the market opportunity”?…

Earlier this week on clean water and clean air technology company MyCelx Technologies (MYX) and with the shares down to 41.5p, I wrote “changes to the customer's project timeline”, bottom-line financials that dare not speak their name?. Now what about its “pleased to announce… results for the six months ended 30 June 2024”?

MyCelx Technologies – “changes to the customer's project timeline”, bottom-line financials that dare not speak their name?

Clean water and clean air technology company MyCelx Technologies (MYX) has issued a “Trading Update” commencing that it is “following changes to the customer's project timeline”. Such-announced “changes” rarely tend to be positive…

MyCelx Technologies (#MYX) – project delay warning, reckons “minimal impact to the forecasted year end cash balance”

MyCelx Technologies (#MYX) – “pleased to announce” broker option has been exercised, “raising additional gross proceeds of £25,000”!

MyCelx Technologies (#MYX) – proposed c.£0.7m equity raise at 51.5p per share, with a further “broker option”

MyCelx Technologies (#MYX) – “business partnership agreement” to target US government-funded PFAS remediation projects

MyCelx Technologies (#MYX) – proposed £1.69m placing at 50p per share, up to £0.38m broker option

MyCelx (#MYX) – 2021 revenue up to $8.5m, but cash down to $3.2m

MyCelx (#MYX) – warns, “delays in previously anticipated project bids”

MyCelx Technologies (#MYX) – proposed $1.8m placing at 230p, a 6% discount