secwatch.observer — SEC 8-K summary
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Issuer:     Arq, Inc. (ARQ)
CIK:        0001515156
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001515156-24-000092
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arq Q1 revenue up 4% to $21.7M, net loss narrows to $3.4M; secures first GAC contract for 20% capacity
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515156/000151515624000092/0001515156-24-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515156/000151515624000092/ades-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001515156-24-000092

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