secwatch / observer
8-K filed April 29, 2024, 7:59 PM ET CIK 0001828811
regulatory confidence high sentiment neutral materiality 0.50

Li-Cycle loses foreign private issuer status; restates 2023 quarter financials to US GAAP

Li-Cycle Holdings Corp.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Li-Cycle Holdings Corp. reported the three months ended March 31, 2022 results: revenue 8.0, net income (9.8), EPS $ (0.06).

Period
the three months ended March 31, 2022
Revenue
8.0
Net income
(9.8)
EPS
$ (0.06)
Result
reported results
Exact text from the filing
For the three months ended March 31, 2023 For the three months ended March 31, 2022 Revenue Product revenue $ 3.1 $ 7.7 Recycling service revenue 0.5 0.3 Total revenue 3.6 8.0 Cost of sales Cost of sales - Product revenue (19.1) (8.5) Cost of sales - Recycling service revenue — — Total cost of sales (19.1) (8.5) Selling, general and administrative expense (22.7) (20.2) Research and development (0.9) (0.6) Loss from operations $ (39.1) $ (21.3) Other income (expense) Interest income 5.0 0.2 Interest expense (1.1) (3.4) Foreign exchange loss (0.5) (0.2) Fair value gain (loss) on financial instruments (0.7) 14.9 $ 2.7 $ 11.5 Net loss before taxes $ (36.4) $ (9.8) Income tax (0.1) — Net loss and comprehensive loss $ (36.5) $ (9.8) Net loss and comprehensive loss attributable to Shareholders of Li-Cycle Holdings Corp. (36.5) (9.8) Non-controlling interest — — Net loss and comprehensive loss $ (36.5) $ (9.8) Loss per common share - basic and diluted $ (0.21) $ (0.06)
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Li-Cycle Holdings Corp. reported the three months ended March 31, 2023 results: revenue 3.6, net income (36.5), EPS $ (0.21).

Period
the three months ended March 31, 2023
Revenue
3.6
Net income
(36.5)
EPS
$ (0.21)
Result
reported results
Exact text from the filing
For the three months ended March 31, 2023 For the three months ended March 31, 2022 Revenue Product revenue $ 3.1 $ 7.7 Recycling service revenue 0.5 0.3 Total revenue 3.6 8.0 Cost of sales Cost of sales - Product revenue (19.1) (8.5) Cost of sales - Recycling service revenue — — Total cost of sales (19.1) (8.5) Selling, general and administrative expense (22.7) (20.2) Research and development (0.9) (0.6) Loss from operations $ (39.1) $ (21.3) Other income (expense) Interest income 5.0 0.2 Interest expense (1.1) (3.4) Foreign exchange loss (0.5) (0.2) Fair value gain (loss) on financial instruments (0.7) 14.9 $ 2.7 $ 11.5 Net loss before taxes $ (36.4) $ (9.8) Income tax (0.1) — Net loss and comprehensive loss $ (36.5) $ (9.8) Net loss and comprehensive loss attributable to Shareholders of Li-Cycle Holdings Corp. (36.5) (9.8) Non-controlling interest — — Net loss and comprehensive loss $ (36.5) $ (9.8) Loss per common share - basic and diluted $ (0.21) $ (0.06)
View on SEC.gov

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Source: SEC EDGAR
accession 0001628280-24-019073
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