Rain Enhancement Technologies
Builds ground-based ionization systems for rain, snowpack and fog enhancement.
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Profile
Develops and plans to commercialize ground-based WETA systems that use atmospheric ionization to enhance naturally occurring rain or snow, with fog mitigation as another application. Its one-to-many model retains system ownership while seeking to sell prioritized use or precipitation services to multiple nearby customers.
Develops, manufactures and seeks to commercialize the Weather Enhancement Technology Array, a ground-based, solar-powered system that combines ionization hardware, meteorology, monitoring software and field operations. The systems are intended to enhance naturally occurring rainfall or snowfall by charging aerosols when atmospheric conditions are suitable, without aircraft-delivered chemical seeding.
Pursues rainfall enhancement, snowpack enhancement and fog mitigation. Operations were centered on deployments in Colorado and Utah alongside an Australian fog-mitigation pilot, with a model designed to sell prioritized use or precipitation services from a single installation to multiple nearby customers.
Remains in early commercialization: its core AEI business had not established revenue. Results depend on atmospheric moisture and updrafts, permits and public-sector processes, licensed patent rights, technical personnel and a small employee base supported by contractors.
Company facts
Categories
Key statistics
Year to date −80.6% · Average volume (30d) 1.2M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 14, 2026Q2 FY26 | — | −$0.40 | — | — | — | — | −4.26% |
| May 15, 2026Q1 FY26 | — | −$0.24 | — | — | $10.5K | — | −5.75% |
| Apr 15, 2026Q1 FY26 | — | −$0.59 | — | — | — | — | −9.88% |
| Nov 13, 2025Q3 FY25 | — | −$0.29 | — | — | — | — | +11.31% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $10.5K | $0 | |
| Gross profit | −$2.9K | $0 | −$55.6K | −$9.8K | −$2.8K | −$13.3K | |
| Operating income | −$1.3M | −$1.1M | −$1.6M | −$3.7M | −$1.8M | −$3.1M | |
| Net income | −$1.5M | −$952.8K | −$2.2M | −$4.5M | −$1.9M | −$3.2M | |
| Diluted EPS | −$0.21 | −$0.13 | −$0.29 | −$0.57 | −$0.24 | −$0.41 | |
| Gross margin | — | — | — | — | -26.4% | — | |
| Operating margin | — | — | — | — | -17,456.3% | — |
Fiscal years (4-quarter sums)FY21 $0 · FY22 $0 · FY23 $0 · FY24 $0 · FY25 $0
Balance sheet, Jun 30, 2026Cash & short-term investments $32.6K · Total debt $9.0M · Total assets $2.4M · Shareholders' equity −$12.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 9.98M · Float 2.01M · 20.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Harry L. You · director, 10 percent owner: | 2.26M | 22.67% | Form 4 | Jun 9, 2026 |
| Paul T. Dacier | 1.88M | 24.70% | 13G | Feb 10, 2025 |
| Randy Seidl · director, officer: Chief Executive Officer | 754.8K | 7.56% | Form 4 | Aug 20, 2026 |
| Meteora Capital, LLC | 638.3K | 7.85% | 13G | May 15, 2026 |
| LMR Partners LLP | 611.8K | 7.00% | 13G | Feb 17, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Randy Seidl | director, officer: Chief Executive Officer | +110,000 | $0.9475 |
| May 22, 2026 | Randy Seidl | director, officer: Chief Executive Officer | +4,000 | $2.58 |
| May 21, 2026 | Randy Seidl | director, officer: Chief Executive Officer | +30,000 | $2.53 |
| May 20, 2026 | Randy Seidl | director, officer: Chief Executive Officer | +8,514 | $1.73 |
| May 20, 2025 | Randy Seidl | director, officer: Chief Executive Officer | +8,514 | $1.73 |
Peers
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- Ecolab
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