Aqua Metals Q3 net loss $4.5M; secures $25M investment, advances Sierra ARC

Aqua Metals, Inc.

Net loss $4.5M ($0.04/share) vs $3.9M ($0.05) in Q3 2022; operating loss $4.9M, no significant revenue.
Cash and equivalents $25.6M as of Sep 30, 2023; operating cash flow +$2.2M from property sale.
Raised $25M gross from Yulho Co., Ltd. equity investment (no warrants); board appointments include Dr. Sung Yi.
Supplied recycled lithium hydroxide to Dragonfly Energy for successful battery cell test; MOU with 6K Energy for co-located facilities.
Progressing Sierra ARC Phase I (10,000 tonnes/yr); potential annual revenue $60M at average metals prices.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.72

Aqua Metals, Inc. reported the third quarter ended September 30, 2023 results: revenue generated no significant revenue, net income $4.5 million, EPS $(0.04) per basic and diluted share.

Period: the third quarter ended September 30, 2023
Revenue: generated no significant revenue
Net income: $4.5 million
EPS: $(0.04) per basic and diluted share
Result: reported results

Exact text from the filing

Aqua Metals, Inc. issued a press release announcing its operational and financial results for the third quarter of 2023.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

Aqua Metals, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-030947

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