5E Advanced Materials reports Q2 2023 net loss of $14.9M; pre-commissioning starts at Small-Scale Facility

5E Advanced Materials, Inc.

2023-Q2 EPS reported -$0.24

Cash balance $56.8M; available cash $46.8M at Dec 31, 2022.
Construction in progress $46.9M, up from $33.3M in prior quarter.
Targets initial boric acid production late Q1 or early Q2 2023; lithium carbonate in Q2 2023.
Signed letter of intent with Estes Energetics for boron-based solid rocket motor materials.
Net loss of $14.9M vs $11.0M in prior year quarter; includes $2.2M unrealized derivative loss.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

5E Advanced Materials, Inc. reported financial results for quarter ended December 31, 2022.

Period: quarter ended December 31, 2022
Result: reported results

Exact text from the filing

5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (“5E” or the “Company”), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas (Fort Cady) Complex, today announced its financial results for the quarter ended December 31, 2022.

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5E Advanced Materials, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-002391

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