ADES reports full year net loss of $8.9M; consumables revenue up 20% to $103M; expects 2023 revenue ~$106M

Arq, Inc.

Full year net loss $8.9M ($0.48 diluted EPS) vs net income $60.4M ($3.27 EPS) in 2021, driven by Tinuum winddown.
Consumables revenue increased 20% to $103.0M for full year; Q4 consumables revenue $23.4M.
Cash balance $76.4M at Dec 31, 2022; expects Marshall Mine sale to close H1 2023.
Completed acquisition of Arq Limited subsidiaries subsequent to quarter end.
Guidance: expects 2023 revenue of approx. $106 million.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Arq, Inc. reported financial results for quarter and year December 31, 2022.

Period: quarter and year December 31, 2022
Result: reported results

Exact text from the filing

filed its Annual Report on Form 10-K and reported financial results for the quarter and year December 31, 2022.

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Arq, Inc. filing history →

Source: SEC EDGAR

accession 0001515156-23-000026

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