Molekule Group, Inc.
MKUL
NASDAQ Capital Market0.05
USD
-0.04
- -
CIK
0001872356
Return %
Stock
S&P500
1Y
-98.24
15.98
3Y
-99.93
62.25
5Y
-99.93
67.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Amin J. Khoury
- Full Time Employees
- 91
- Sector
- Industrials
- Industry
- Industrial - Pollution & Treatment Controls
- Address
- 10455 Riverside Drive Palm Beach Gardens FL United States of America 33410
- IPO Date
- Nov 24, 2021
- CIK
- 0001872356
- Website
- molekule.com
- Similar Companies
- Business
- Molekule Group, Inc. (NASDAQ: MKUL) develops and manufactures advanced air purification technologies that destroy airborne pollutants, pathogens, viruses, bacteria, mold, allergens, VOCs, and particulate matter using proprietary PECO technology combined with HEPA filtration and activated carbon; core products include the Air Pro for rooms up to 1,000 square feet with real-time air quality monitoring and app integration, Air Mini+ for compact spaces like bedrooms, Air Pro Rx as a medical-grade purifier for healthcare traffic areas exceeding 600 square feet, and Purgo featuring SteriDuct germicidal technology for continuous filtration, sanitization, and ventilation in hospitals, offices, elevators, and other indoor environments, complemented by PECO-HEPA Tri-Power filters, the Molekule app for IAQ trend analysis, and the Molekule Air Platform dashboard for multi-device management. The company targets residential consumers, healthcare facilities, education, hospitality, commercial buildings, and public spaces across the United States with plans for global expansion, operating from headquarters in Palm Beach Gardens, Florida, where it was founded in 2014 following the merger of Molekule and AeroClean Technologies in 2023 under the MKUL name; formerly known as AeroClean Technologies, Inc., it filed for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of Florida on October 3, 2023. Recent developments include a $10.0 million private placement closed in May 2023 with an institutional investor comprising common stock and warrants, amendments to loan agreements deferring approximately $6.1 million in principal payments through Q1 2025 and extending senior term loan maturity to March 2028 to fund inventory, equipment, software enhancements, and rollout of the Safe Air-as-a-Service platform, alongside product updates such as the PECO-HEPA Tri-Power filter, new air history statistics, FDA clearances for Air Mini and Air Mini+, and a subscription rental program for Air Pro via Molekule Monthly by Fragile.
Molekule's PECO technology demonstrates power of pollutant destruction in air purification
Molekule Reports Second Quarter 2023 Financial Results