---
schema_version: "secwatch.filing_event.v1"
accession: "0001515156-23-000117"
form_type: "8-K"
ticker: "ARQ"
cik: "0001515156"
company_name: "Arq, Inc."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T21:59:01.204671+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Advanced Emissions Solutions Q2 net loss widens to $5.9M; revenue down 17% on weaker demand

## Summary
- Q2 consumables revenue $20.4M, down from $24.7M YoY; net loss $5.9M vs $0.3M loss prior year.
- Consolidated Adjusted EBITDA loss $3.0M vs +$2.2M in Q2 2022; operating loss $6.1M vs $2.7M.
- Cash $67.6M (incl. restricted) vs $76.4M year-end 2022; total debt $21.4M up from $4.6M.
- CEO Rasmus notes lower natural gas pricing hit demand; capital projects on track with $40-45M FY2023 capex guide.

## SEC filing metadata
- accession: 0001515156-23-000117
- form_type: 8-K
- ticker: ARQ
- cik: 0001515156
- company_name: Arq, Inc.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515156/000151515623000117/0001515156-23-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515156/000151515623000117/ades-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001515156-23-000117
- JSON: https://secwatch.observer/filing/0001515156-23-000117.json
- Plain text: https://secwatch.observer/filing/0001515156-23-000117.txt

## Key facts
- Earnings Releases
  Arq, Inc. reported the quarter ended June 30, 2023 results: revenue $20.4 million, net income net loss was $5.9 million.
  - Period: the quarter ended June 30, 2023
  - Revenue: $20.4 million
  - Net income: net loss was $5.9 million
  - Result: reported results
  source text: begun. • Continued progress on capital projects to expand product offerings to include granular activated carbons. Financial Highlights • Second quarter consumables revenue was $20.4 million compared to $24.7 million in the prior year period. • Second quarter net loss was $5.9 million compared to net loss of $0.3 million in the prior year period. • Second quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1515156/000151515623000117/0001515156-23-000117-index.htm
- Earnings Releases
  Arq, Inc. reported the three and six months ended June 30, 2023 results: revenue $41.3 million, net income net loss was $13.4 million.
  - Period: the three and six months ended June 30, 2023
  - Revenue: $41.3 million
  - Net income: net loss was $13.4 million
  - Result: reported results
  source text: were $20.4 million and $15.3 million, respectively, compared to $24.7 million and $19.9 million for the second quarter of 2022. First half revenues and costs of revenues were $41.3 million and $32.5 million, respectively, compared to $51.1 million and $41.4 million for the comparable period in the prior year. The revenue declines were the result of lower sales of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1515156/000151515623000117/0001515156-23-000117-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.