earnings
confidence high
sentiment positive
materiality 0.70
Arq Q1 revenue up 4% to $21.7M, net loss narrows to $3.4M; secures first GAC contract for 20% capacity
Arq, Inc.
2024-Q1 EPS reported
-$0.09
revenue$21,740,000
- Revenue $21.7M (+4% YoY); ASP up 16% YoY; gross margin 37% vs 17% prior year.
- Net loss $3.4M vs prior year; Adjusted EBITDA loss $1.1M vs loss $7.7M.
- Secured first GAC contract covering ~20% of capacity at attractive pricing.
- Red River expansion on schedule for first production Q4 2024, expected payback ≤3 years.
- Updated FY2024 capex to $60-70M from $55-60M due to steel/concrete costs.