Arq Q2 revenue up 24% YoY to $25.4M; Adj. EBITDA turns positive at $0.5M

Arq, Inc.

2024-Q2 EPS reported -$0.16 revenue$47,145,000

Revenue $25.4M (+24% YoY); ASP up 16% YoY; gross margin improved to 32% from 25%.
Net loss narrowed to $2.0M from $5.9M; Adjusted EBITDA of $0.5M vs. -$3.0M prior year.
Red River GAC: 52% of nameplate capacity contracted; first deliveries on track for Q1 2025.
Cash & restricted cash $37.2M; FY2024 capex forecast unchanged at $60-$70M.

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