secwatch.observer — SEC 8-K summary
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Issuer:     American Resources Corp (AREC)
CIK:        0001590715
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0001654954-24-006739
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Resources Q1 net loss $6.23M; revenue drops to $94K from $8.87M YoY
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- Q1 net loss $6.23M ($0.03/sh) vs. $3.1M loss ($0.04/sh) a year ago; adjusted EBITDA loss $4.84M vs. $1.59M.
- Revenue collapsed to $94,019 from $8.87M in Q1 2023; no coal sales in current quarter.
- Closed $150M tax-exempt bond offering for Kentucky Lithium refining facility; company plans to spin off ReElement and American Carbon in 2024.
- Board declared special dividend of American Carbon shares; record date May 27, distribution June 11.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590715/000165495424006739/0001654954-24-006739-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590715/000165495424006739/arec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-006739

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