Revenue tripled to $2.4M from product sales growth, but operating losses widened to -$16.5M and net loss expanded 435% to -$36.8M due to sharply higher operating expenses and other costs, reflecting aggressive scaling challenges in wildfire protection operations.
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General Enterprise Ventures, Inc., a flame retardant and flame suppression company, provides non-toxic and environmentally safe wildfire defense solutions. The company offers wildfire home defense systems, mobile and ground application systems, and products for use in the manufacturing of fire-resilient building products. Its products CitroTech, which is utilized in wildfire defense and to treat lumber to inhibit fire; and coatings to treat lumber. The company was formerly known as General Entertainment Ventures, Inc. and changed its name to General Enterprise Ventures, Inc. in October 2021. The company is based in Cheyenne, Wyoming.