Today, the Company revised its full year 2022 financial outlook, lowering its revenue outlook and raising its operating profit margin outlook for the year based on the timing of expenses, better than expected cost management year-to-date, as well as a softer environment for topline trends. The revised revenue outlook includes a partial year impact related to a key retail agent exiting the category in the Europe and CIS region in the fourth quarter of 2022. A second key retail agent in Europe and CIS will exit the category beginning in the second quarter of 2023. The GAAP revenue outlook was also adjusted to reflect changes in exchange rates. The revised outlook assumes that macroeconomic conditions will continue to soften as the year progresses.
Clean Energy Technologies Announces 2022 Year-End Financial Results Summary; FY22 Revenue $2.663M Vs 1.3M YoY
Clean Energy Technologies, Inc. (Nasdaq CETY) (the "Company"), a clean energy manufacturing and services company, offering recyclable energy solutions, clean energy fuels, and alternative electric power for
