Arq Q3 revenue $34.8M (+17% YoY), net income $1.6M, raised $27M equity

Arq, Inc.

2024-Q3 EPS reported -$0.11 revenue$81,919,000

Revenue $34.8M (+17% YoY); gross margin 38.6% (up 800 bps YoY); ASP up 15% YoY, 6th consecutive double-digit YoY increase.
Net income $1.6M vs net loss $2.2M in Q3 2023; Adjusted EBITDA $5.1M vs $0.9M prior year.
Raised ~$27M net equity in oversubscribed September 2024 offering; cash and restricted cash $57.4M at quarter end.
Red River GAC project: first deliveries on track for Q1 2025; ramp to 25M nameplate by end Q1 2025; potential 10-20% capacity increase with no added capex.
FY2024 capex forecast remains $60-70M, with $20-25M expected in Q4.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.