Aqua Metals FY23 Adj. EPS $(0.20) Vs $(0.20) YoY
Portfolio Pulse from Benzinga Newsdesk
Aqua Metals reported its FY23 financial results, highlighting a net loss of $23.9 million, or $(0.25) per share, compared to a net loss of $15.4 million, or $(0.20) per share, in 2022. The company, focusing on recycling metals from lithium-ion batteries, saw increased expenses and generated no significant revenue. Adjusted net loss was $19.1 million, or $(0.20) per share. Cash and equivalents stood at $16.5 million by year-end.
March 27, 2024 | 8:30 pm
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Aqua Metals reported a widened net loss in FY23, with increased expenses and no significant revenue. Adjusted net loss was $(0.20) per share, with cash reserves at $16.5 million.
The widened net loss and increased expenses without significant revenue growth are negative indicators for Aqua Metals' financial health in the short term. The report of increased operational costs and a significant net loss could lead to negative investor sentiment, potentially impacting the stock price negatively.
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IMPORTANCE 90
RELEVANCE 100