secwatch.observer — SEC 8-K summary
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Issuer:     American Resources Corp (AREC)
CIK:        0001590715
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0001654954-24-014458
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Resources Q3 net loss widens to $9.8M; revenue plunges to $235K from $5.8M
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- Net loss of $9.8M ($0.13/share) vs net loss of $274K ($0.00) in Q3 2023; adjusted EBITDA loss of $6.9M vs positive $1.27M.
- Total revenues of $235K vs $5.81M in prior year quarter, driven by zero coal sales vs $5.72M.
- G&A expense rose to $4.37M from $1.72M; interest expense increased to $1.22M from $521K.
- Development costs fell to $79K from $1.2M in Q2 2024; company continues spin-off of ReElement.
- Special dividend of ReElement shares to AREC shareholders of record Dec 31, 2024, distributed ~Feb 15, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590715/000165495424014458/0001654954-24-014458-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590715/000165495424014458/arec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-014458

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