Aqua Metals reports Q1 net loss $5.8M; advances Sierra ARC with $40M capital infusion

Aqua Metals, Inc.

No Q1 revenue; net loss $5.8M ($0.05 per share) vs $4.6M loss in Q1 2023.
Plant ops expense $2.2M (+107% YoY) as staffing builds for commercial plant in Q3 2024.
Cash end Q1 $8.3M; closed $7M equity raise and signed non-binding $33M loan term sheet.
Entered strategic off-take agreement with 6K Energy for recycled Li-ion battery materials.
Awarded $2.2M tax relief incentive and $371K DOE grant for critical minerals recovery.

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 first quarter ended March 31, 2024 results: net income $5.8 million, EPS $(0.05) per basic and diluted share.

Period: first quarter ended March 31, 2024
Net income: $5.8 million
EPS: $(0.05) per basic and diluted share
Result: reported results

Exact text from the filing

The net loss for the first quarter of 2024 was $5.8 million, or $(0.05) per basic and diluted share, compared to a net loss of $4.6 million, or $(0.06) per basic and diluted share, for the first quarter of 2023.

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Aqua Metals, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-017084

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