Aqua Metals reports FY2022 net loss $15.4M; commissions Li-ion pilot, acquires commercial site

Aqua Metals, Inc.

Net loss $15.4M ($0.20/sh) vs $18.2M ($0.26/sh) in 2021; no significant revenue.
Cash $7.1M; expects additional $12M from facility sale by end of March 2023.
Commissioned Li-ion battery recycling pilot; produced high-purity copper and lithium hydroxide.
Acquired 5-acre parcel for commercial site; Phase 1 capacity 3,000 metric tons (~$60M revenue potential).
Taiwan partner ACME Metal producing ultra-pure lead; continues operation.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Aqua Metals, Inc. reported the year ended December 31, 2022 results: revenue no significant revenue, net income net loss of $15.4 million, EPS $(0.20) per basic and diluted share.

Period: the year ended December 31, 2022
Revenue: no significant revenue
Net income: net loss of $15.4 million
EPS: $(0.20) per basic and diluted share
Result: reported results

Exact text from the filing

The Company was not in commercial production during 2022 and, as a result, generated no significant revenue during the quarter.

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Aqua Metals, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-005965

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