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.)
Comments