Arq FY2024: Revenue up 10% to $109M; Adj EBITDA $7.7M vs -$2.6M prior year

Arq, Inc.

FY2024 revenue $109.0M (+10% YoY); Q4 revenue $27.0M; ASP up ~14% YoY in Q4, seventh straight double-digit YoY increase.
FY2024 gross margin 36.2% (up ~410 bps YoY); Q4 gross margin 36.3% vs 49.8% (Q4 2023 included $4.7M non-recurring benefit).
Net loss improved to $5.1M in FY2024 from $12.2M prior year; Q4 net loss $1.3M vs net income $3.3M.
Adjusted EBITDA $7.7M for FY2024 vs -$2.6M in FY2023; Q4 Adj EBITDA $3.3M vs $7.2M.
Closed $30M ABL facility to lower financing costs; GAC facility first production expected before Q1 2025 end; nameplate capacity 25M lbs in H2 2025.

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