secwatch.observer — SEC 8-K summary
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Issuer:     Arq, Inc. (ARQ)
CIK:        0001515156
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001515156-24-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arq Q4 2023 net income $3.3M, revenue $28.1M (+20% YoY), first profitable quarter since Q4 2021
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- Q4 revenue $28.1M (+20% YoY) driven by higher prices, mix, and $4.7M take-or-pay; net income $3.3M vs loss a year ago.
- Gross margin improved to 50%; Adjusted EBITDA $7.2M, second consecutive positive quarter (Q3: $0.9M).
- Ended 2023 with cash & restricted cash $54.2M; FY2024 capex forecast $55-60M, Red River Phase 1 ~$45-50M.
- Granular Activated Carbon (GAC) growth business remains on schedule for commissioning by Q4 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515156/000151515624000037/0001515156-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515156/000151515624000037/arq-20240312.htm
  HTML page:      https://secwatch.observer/filing/0001515156-24-000037

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