Aqua Metals (NASDAQ:AQMS – Get Free Report) posted its earnings results on Thursday. The business services provider reported ($1.22) earnings per share (EPS) for the quarter, FiscalAI reports.
Here are the key takeaways from Aqua Metals’ conference call:
- Aqua Metals said it is advancing site selection for its first commercial lithium battery recycling facility, with a shortlist of U.S. locations being evaluated based on feedstock access, logistics, partnerships, and long-term economics.
- The company reported technical progress at its innovation center, surpassing 5,000 cumulative operating hours and producing battery-grade lithium carbonate from both NMC and LFP feedstocks with independent validation.
- Aqua Metals also achieved manganese sulfate purity of about 99.8% and continued work on iron phosphate recovery, supporting its broader push into critical minerals and energy storage markets.
- Management said it will not proceed with the Lion Energy acquisition under the previously announced term sheet, but it is still exploring alternative structures that could be more capital-efficient and better aligned with shareholder value.
- Financial results improved year over year, with Q1 net loss narrowing to about $4 million from $8.3 million and operating expenses falling to $4.1 million from $8.7 million, helped by prior-year non-cash impairment charges not recurring.
Aqua Metals Trading Down 7.8%
AQMS stock opened at $4.62 on Friday. The stock has a 50-day moving average price of $4.45 and a two-hundred day moving average price of $5.45. Aqua Metals has a 1 year low of $3.37 and a 1 year high of $39.40. The stock has a market cap of $15.48 million, a PE ratio of -0.15 and a beta of 0.30.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Aqua Metals
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of AQMS. Quadrature Capital Ltd bought a new stake in Aqua Metals in the 4th quarter valued at approximately $61,000. Price T Rowe Associates Inc. MD bought a new position in shares of Aqua Metals during the 4th quarter worth approximately $77,000. Stifel Financial Corp acquired a new stake in shares of Aqua Metals in the fourth quarter valued at approximately $269,000. Geode Capital Management LLC acquired a new stake in shares of Aqua Metals in the fourth quarter valued at approximately $129,000. Finally, Hamilton Capital Partners LLC bought a new stake in shares of Aqua Metals in the fourth quarter worth $84,000. 21.98% of the stock is owned by institutional investors and hedge funds.
About Aqua Metals
Aqua Metals Inc (NASDAQ: AQMS) is a technology-driven environmental company pioneering sustainable battery recycling solutions. The company’s core offering, branded as AquaRefining, utilizes an electrochemical process to recover lead, silver, and plastic components from spent lead-acid batteries without the need for high-temperature smelting. This water-based approach aims to eliminate air emissions and reduce energy consumption compared to conventional recycling methods.
Based in Reno, Nevada, Aqua Metals develops, manufactures, and licenses its proprietary modular recycling systems to industrial battery recyclers and battery manufacturers.
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