secwatch.observer — SEC 8-K summary
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Issuer:     Aqua Metals, Inc. (AQMS)
CIK:        0001621832
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001437749-24-009609
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621832/000143774924009609/0001437749-24-009609-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621832/000143774924009609/aqms20231022_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-009609

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