secwatch.observer — SEC 8-K summary
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Issuer:     Arq, Inc. (ARQ)
CIK:        0001515156
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001515156-24-000172
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515156/000151515624000172/0001515156-24-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515156/000151515624000172/ades-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001515156-24-000172

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