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Arq appoints Shimon Steinmetz as CFO, CAO Stacia Hansen resigns
Shimon Steinmetz appointed EVP & CFO effective on or before July 27, 2026.
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Arq Q1 revenue up 7% to $29.1M but net loss of $0.8M; reaffirms FY guidance
Revenue $29.1M in Q1 2026 vs $27.2M in Q1 2025; gross margin 34.2% vs 36.4%.
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Arq finalizes separation agreements with former COO and CFO, including cash severance and equity acceleration
COO Williamson receives 12 months' base salary (~$361,500), COBRA lump-sum, accelerated vesting of 34,270 restricted stock and 49,736 PSUs.
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Arq reports record $120M revenue but $52.6M net loss; $45M impairment on Corbin; pauses GAC
FY 2025 revenue $120.3M (+10% YoY); Q4 revenue $29.4M.
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Arq amends credit agreement to lower minimum liquidity covenant through March 2026
Fourth Amendment to revolving credit agreement with MidCap Funding IV Trust, dated Feb 27, 2026.
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Arq Q2 revenue up 13% to $28.6M, Adj. EBITDA $3.7M; commissions first GAC line at Red River
Revenue $28.6M (+13% YoY); ASP +9%; gross margin improved to 33.3% from 32.2%.
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Arq successfully commissions first GAC line at Red River; targeting 25M lbs annual production
First granular activated carbon line commissioned at Red River; initial sales revenue from test shipments.
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Arq Q1 2025: revenue $27.2M (+25% YoY), net income $0.2M, CFO appointed
Revenue $27.2M (+25% YoY); ASP up 13% YoY, 8th consecutive double-digit growth.
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Arq appoints 35-year finance veteran Jay Voncannon as CFO effective April 2, 2025
Jay Voncannon appointed CFO of Arq effective April 2, 2025.
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Arq FY2024: Revenue up 10% to $109M; Adj EBITDA $7.7M vs -$2.6M prior year
FY2024 revenue $109.0M (+10% YoY); Q4 revenue $27.0M; ASP up ~14% YoY in Q4, seventh straight double-digit YoY increase.
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Arq GAC project on track for Q1 2025 production; FY24 capex ~$80M; sues design firm for cost overruns
Initial GAC production at Red River remains on track for Q1 2025; full run-rate of 25M lbs targeted for H2 2025.
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Arq closes $30M revolving credit facility, refinances prior term loan
New $30M asset-based revolver with MidCap Financial; 5-year term, SOFR+4.5% (floor 2.5%).
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Arq Q3 revenue $34.8M (+17% YoY), net income $1.6M, raised $27M equity
Revenue $34.8M (+17% YoY); gross margin 38.6% (up 800 bps YoY); ASP up 15% YoY, 6th consecutive double-digit YoY increase.
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Arq prices $25M public offering of 4.77M shares at $5.25; terminates Red River construction contract
Priced underwritten offering of 4,770,000 shares at $5.25/share; gross proceeds ~$25M.
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Arq Q2 revenue up 24% YoY to $25.4M; Adj. EBITDA turns positive at $0.5M
Revenue $25.4M (+24% YoY); ASP up 16% YoY; gross margin improved to 32% from 25%.
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Arq stockholders approve 2024 Omnibus Incentive Plan authorizing up to 2.5M shares
Stockholders approved 2024 Omnibus Incentive Plan at June 10, 2024 annual meeting; authorizes up to 2,500,000 new shares plus any remaining shares under prior plans.
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Arq raises ~$15M in PIPE at $7.00/sh, 5.7% dilution from new investor
Issued 2,142,858 shares at $7.00 each, gross proceeds ~$15M via unsolicited institutional offer.
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Arq Q1 revenue up 4% to $21.7M, net loss narrows to $3.4M; secures first GAC contract for 20% capacity
Revenue $21.7M (+4% YoY); ASP up 16% YoY; gross margin 37% vs 17% prior year.
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Arq Q4 2023 net income $3.3M, revenue $28.1M (+20% YoY), first profitable quarter since Q4 2021
Q4 revenue $28.1M (+20% YoY) driven by higher prices, mix, and $4.7M take-or-pay; net income $3.3M vs loss a year ago.
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ADES signs GAC expansion contract; cost $45-50M, completion Q4 2024
Contract with Wieland-Davco on cost-plus basis; total construction and equipment cost estimated at $45-50M, up 20% from prior guidance.
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ADES Q3 consumables revenue $29.8M (+5% YoY); gross margin improves to 30.6% from 24.1%; Adjusted EBITDA positive $0.9M
Consumables revenue $29.8M (Q3 2023) vs $28.4M (Q3 2022); net loss narrowed to $2.2M from $2.4M.
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ADES appoints Jeremy 'Deke' Williamson as COO effective Sept. 18, 2023
Williamson joins from Hi-Crush, where he was SVP of Production & Distribution Operations.
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Advanced Emissions Solutions Q2 net loss widens to $5.9M; revenue down 17% on weaker demand
Q2 consumables revenue $20.4M, down from $24.7M YoY; net loss $5.9M vs $0.3M loss prior year.
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Advanced Emissions Solutions details CEO Greg Marken's severance and advisor agreement
Greg Marken transitioned out as President and CEO effective July 17, 2023, remains employee through Aug 28, 2023.
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ADES appoints Robert Rasmus as CEO; he buys 950k shares and receives equity inducement awards
Rasmus succeeds Greg Marken as President and CEO effective July 17, 2023; Marken to stay through Aug 28.
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ADES Q1 revenue $20.8M, net loss $7.5M; completes Arq acquisition
Consumables revenue $20.8M (-21% YoY) due to low natural gas pressuring power generation customers.
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ADES closes Marshall Mine sale; pays $2.2M, gains $2.7M, removes $4.9M liability
Company paid $2.2M to Caddo Creek Resources in exchange for assumption of $4.9M asset retirement obligation.
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ADES reports full year net loss of $8.9M; consumables revenue up 20% to $103M; expects 2023 revenue ~$106M
Full year net loss $8.9M ($0.48 diluted EPS) vs net income $60.4M ($3.27 EPS) in 2021, driven by Tinuum winddown.
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ADES files Arq Limited financials for acquisition; Arq reports $115.7M net loss in 2021, going concern doubt
Arq 2021 net loss $115.7M, operating loss $116.0M; 2020 net loss $32.8M.
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Advanced Emissions Solutions completes acquisition of Arq Limited subsidiaries in revised deal
ADES issued 3,814,864 common shares and 5,294,462 Series A Preferred shares for 100% of Arq subsidiaries.