---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-009609"
form_type: "8-K"
ticker: "AQMS"
cik: "0001621832"
company_name: "Aqua Metals, Inc."
filed_at: "2024-03-27T23:59:59+00:00"
generated_at: "2026-06-04T07:11:24.605041+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Aqua Metals posts FY2023 net loss of $23.9M, advances Sierra ARC campus

## Summary
- Net loss of $23.9M ($0.25/share) vs $15.4M ($0.20) in 2022; adjusted net loss $19.1M ($0.20).
- Revenue not material; company in limited pilot production throughout 2023.
- Cash and equivalents $16.5M at Dec 31, 2023; cash used in ops $3.2M for year.
- Phase 1 of Sierra ARC on track to commission this summer, targeting ~$30M annual revenue at current metals prices.
- Executed offtake agreement with 6K Energy; secured $25M equity from Yulho Co., Ltd.

## SEC filing metadata
- accession: 0001437749-24-009609
- form_type: 8-K
- ticker: AQMS
- cik: 0001621832
- company_name: Aqua Metals, Inc.
- filed_at: 2024-03-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621832/000143774924009609/0001437749-24-009609-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621832/000143774924009609/aqms20231022_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-009609
- JSON: https://secwatch.observer/filing/0001437749-24-009609.json
- Plain text: https://secwatch.observer/filing/0001437749-24-009609.txt

## Key facts
- Earnings Releases
  Aqua Metals, Inc. reported the full-year ended December 31, 2023 results: net income $23.9 million, EPS $(0.25) per basic and diluted share.
  - Period: the full-year ended December 31, 2023
  - Net income: $23.9 million
  - EPS: $(0.25) per basic and diluted share
  - Result: reported results
  source text: The net loss for 2023 was $23.9 million, or $(0.25) per basic and diluted share, compared to a net loss of $15.4 million, or $(0.20) per basic and diluted share, for 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621832/000143774924009609/0001437749-24-009609-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.