secwatch.observer — SEC 8-K summary
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Issuer:     Arq, Inc. (ARQ)
CIK:        0001515156
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001515156-23-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515156/000151515623000026/0001515156-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515156/000151515623000026/ades-20230308.htm
  HTML page:      https://secwatch.observer/filing/0001515156-23-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer