Recycling firm Aqua Metals Q3 net loss drops

Reuters11-13
Recycling firm Aqua Metals Q3 net loss drops

Overview

  • Aqua Metals reports Q3 net loss of $3.1 mln

  • Company raised $13 mln from institutional investor for commercial facility development

  • Advanced pilot-scale processing of LFP battery materials, producing battery-grade lithium carbonate

Outlook

  • Aqua Metals aims to complete engineering for its first commercial-scale facility

  • Company plans to supply 500–1,000 metric tons of recycled nickel carbonate annually

  • Aqua Metals sees opportunity in deep-sea mineral processing partnerships

Result Drivers

  • LFP BATTERY PROCESSING - Successfully processed 1 metric ton of LFP cathode scrap, producing battery-grade lithium carbonate

  • STRATEGIC PARTNERSHIPS - Signed MOUs with MOBY Robotics and Impossible Metals for deep-sea minerals exploration

  • NICKEL SUPPLY CHAIN - LOI with Westwin Elements for potential supply of recycled nickel carbonate

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

-$2.19

Q3 Net Income

-$3.12 mln

Q3 Operating Expenses

$3.07 mln

Q3 Operating Income

-$3.07 mln

Q3 Pretax Profit

-$3.12 mln

Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the specialty mining & metals peer group is "buy"

  • Wall Street's median 12-month price target for Aqua Metals Inc is $7.00, about 6% above its November 11 closing price of $6.58

Press Release: ID:nGNX9J3YCH

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment