secwatch.observer — SEC 8-K summary
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Issuer:     Arq, Inc. (ARQ)
CIK:        0001515156
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001515156-23-000065
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADES Q1 revenue $20.8M, net loss $7.5M; completes Arq acquisition
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- Consumables revenue $20.8M (-21% YoY) due to low natural gas pressuring power generation customers.
- Net loss $7.5M ($0.32/diluted share) vs loss $3.0M ($0.17) prior year; Adjusted EBITDA loss $7.7M.
- Completed acquisition of Arq Limited subsidiaries (previously announced Feb 1); incurred $4.4M transaction/integration costs.
- Sold Marshall Mine in March, eliminating asset retirement obligation and releasing restricted cash.
- 2023 capex guidance $40-45M for GAC production expansion and plant turnaround.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515156/000151515623000065/0001515156-23-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515156/000151515623000065/ades-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001515156-23-000065

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