Aqua Metals Q2 net loss $4.8M; raises $25M post-quarter for commercialization push

Aqua Metals, Inc.

Q2 net loss $4.8M ($0.06/share) vs $3.2M ($0.04/share) in Q2 2022; operating loss $4.9M.
No revenue in Q2; cash $6.2M at June 30; subsequent $25M equity raise and strategic investment.
Completed pilot plant commissioning; now recovering lithium, nickel, cobalt, copper, and manganese.
Secured >3,000 tons black mass feedstock; partnership with Yulho for South Korea license of AquaRefining.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Aqua Metals, Inc. reported second quarter ended June 30, 2023 results: revenue no revenue, net income net loss of $4.8 million, EPS $(0.06) per basic and diluted share.

Period: second quarter ended June 30, 2023
Revenue: no revenue
Net income: net loss of $4.8 million
EPS: $(0.06) per basic and diluted share
Result: reported results

Exact text from the filing

During the second quarter of 2023, Aqua Metals continued to focus on its ability to recycle metals found in lithium-ion batteries. The Company was not in commercial-scale production during the first half of 2023 and, as a result, generated no revenue during the second quarter.

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Aqua Metals, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-022778

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