Carbonxt (ASX:CG1), an environmentally-friendly firm, has reported an anticipated rise in receipts from its clients for the third quarter, projecting a substantial increase of 124% from the previous period.

This positive outlook in revenue, valued at A$5.3 million, is expected to resonate in the market if the projected gains maintain their current pace.

The company has allayed investors' concerns by demonstrating cost efficiencies resulting from a decision to simplify operations.

This strategic move has facilitated the acceleration of construction and development at their activated carbon product facility in Kentucky.

Carbonxt’s share value is hitting impressive highs not seen since the beginning of October last year.

Even though the overall stock performance is down 16.7% this year-to-date, it is poised for a potential rebound.

Carbonxt is a cleantech company specializing in the production of activated carbon products.