secwatch.observer — SEC 8-K summary
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Issuer:     Arq, Inc. (ARQ)
CIK:        0001515156
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001515156-23-000134
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADES Q3 consumables revenue $29.8M (+5% YoY); gross margin improves to 30.6% from 24.1%; Adjusted EBITDA positive $0.9M
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- Consumables revenue $29.8M (Q3 2023) vs $28.4M (Q3 2022); net loss narrowed to $2.2M from $2.4M.
- Consumables gross margin 30.6% vs 24.1% in prior year; driven by higher selling prices and product mix.
- Consolidated Adjusted EBITDA $0.9M vs -$0.5M (prior year); year-to-date Adj. EBITDA loss $9.8M (includes $4.9M Arq transaction costs).
- Appointed Jeremy "Deke" Williamson as COO effective Sep 18, 2023.
- Capex guidance $35-40M for 2023; received air permit and started phase one construction at Red River for granular activated carbon.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515156/000151515623000134/0001515156-23-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515156/000151515623000134/ades-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001515156-23-000134

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