Recycling firm Aqua Metals Q3 net loss drops

Reuters
11/13
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.)

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