American Resources Q1 net loss $3.1M, revenue $8.87M; ReElement achieves ultra-pure lithium

American Resources Corp

Q1 2023 net loss of $3.1M ($0.04 loss per share) vs $2.75M loss in Q1 2022.
Revenue of $8.87M, down slightly from $9.08M in prior year period.
Adjusted EBITDA loss of $1.59M vs $952K loss in Q1 2022.
ReElement produced 99.986% pure lithium carbonate from recycled batteries, confirmed by independent lab.
Converted $9M of convertible debt to equity; filed Form 10 for ReElement spin-off.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

American Resources Corp reported financial results for first quarter of 2023.

Period: first quarter of 2023
Result: reported results

Exact text from the filing

On May 15, 2023, American Resources Corporation (or the “Company”) issued a press release to announce the reporting of the Company’s financial and operating results for the first quarter of 2023

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

American Resources Corp filing history →

Source: SEC EDGAR

accession 0001654954-23-006565

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