American Battery Technology pany(ABAT)
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American Battery Technology pany(ABAT) - 2026 Q2 - Quarterly Results
2026-02-09 21:45
Exhibit 99.1 American Battery Technology Company Announces Record Breaking Revenue as it Ramps Manufacturing of Critical Minerals and Publishes its Second Quarter Fiscal 2026 Financial Results Quarterly revenue increases over 1,300% YOY while total operating expenses decrease 24% YOY, as company continues to ramp and streamline operational ef iciencies Reno, Nev., February 6, 2026 — American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated battery critical minerals company that is commerciali ...
American Battery Technology: Another Good Quarter Under The Belt
Seeking Alpha· 2026-02-08 05:27
Company Overview - American Battery Technology (ABAT) is a battery recycling and materials company located in Reno, Nevada, focusing on the strategic development of onshore critical materials in the U.S. [1] Industry Context - The company operates within the context of increasing importance on domestic sourcing of critical materials, particularly in the battery sector, which is essential for the growth of electric vehicles and renewable energy technologies [1]
American Battery Technology Company Announces Record Breaking Revenue as it Ramps Manufacturing of Critical Minerals and Publishes its Second Quarter Fiscal 2026 Financial Results
Globenewswire· 2026-02-06 16:16
Core Insights - American Battery Technology Company (ABTC) reported a quarterly revenue increase of over 1,300% year-over-year while total operating expenses decreased by 24% year-over-year, indicating significant operational efficiencies [1][2] - The company achieved a key cash flow milestone where combined revenue from operations and interest income exceeded cash cost of goods sold for the first time [2][4] Financial Highlights - For Q2 FY 2026, the company reported combined revenue and interest income of $5.1 million, with $4.8 million from operations and $0.3 million from interest [8] - The cash cost of goods sold (cash-COGS) was reported at $4.9 million, with total COGS at $6.4 million, which includes non-cash costs of $1.1 million in depreciation and $0.4 million in stock-based compensation [8][10] - The company ended the quarter with a cash balance of $48.7 million, including $47.9 million in unrestricted cash and $0.8 million in restricted cash, and reported zero debt [8] Operational Developments - The company expanded its manufacturing operations significantly, generating more revenue in this quarter than in the previous four quarters combined [2] - ABTC's recycling operations drove revenue growth through increased processing volumes from high-value feed materials, including batteries from Battery Energy Storage Systems (BESS) and end-of-life electric vehicles [20] - The company is advancing the design and commercialization of a second battery recycling facility in the Southeast U.S., which will have approximately five-fold the capacity of its first facility [20] Strategic Projects - The Tonopah Flats Lithium Project (TFLP) is positioned as a cornerstone of the domestic lithium supply chain, with projected production of 30,000 tonnes per year of lithium hydroxide monohydrate [20] - The project has an after-tax NPV at 8% of $2.57 billion and an IRR of 21.8%, highlighting its financial viability [20] - ABTC has completed and submitted all baseline studies for the National Environmental Policy Act (NEPA) review process, marking a significant milestone in the project’s development [20]
American Battery Technology pany(ABAT) - 2026 Q2 - Earnings Call Transcript
2026-02-05 22:32
Financial Data and Key Metrics Changes - The company achieved record high revenues of approximately $4.8 million for the quarter ending December, along with an additional $300,000 in interest income, totaling $5.1 million [5][14] - Operating costs increased to about $4.9 million for cash expenses, with total costs including non-cash items reaching approximately $6.4 million, indicating a close alignment between revenue generation and operational costs [6][8] - The company reported a cash balance of $48.7 million at the end of the quarter, marking one of the highest cash positions in years and zero debt on the balance sheet [7][8] Business Line Data and Key Metrics Changes - The lithium-ion battery recycling business has seen substantial scaling, with operational efficiencies leading to a minor increase in costs compared to revenue growth [6][9] - The company is in the process of designing and constructing a second battery recycling facility in the Southeast U.S., in addition to the existing facility near Reno [10] - The lithium hydroxide production from claystone is progressing, with the Tonopah Flats Lithium Project moving through maturity steps and demonstrating a competitive production cost of just over $4,300 per ton [13][14] Market Data and Key Metrics Changes - The company is receiving increased material from both the automotive sector and the stationary grid battery energy storage systems, indicating a diversified material sourcing strategy [8][9] - The company has received its CERCLA certification, allowing it to process materials from various stationary facilities across the country, enhancing its operational capabilities [9] Company Strategy and Development Direction - The company is focused on implementing a closed-loop infrastructure for battery recycling and critical mineral extraction, aiming to close the supply chain for lithium [3][4] - The strategic hiring of a new Chief Financial Officer is expected to support the ramp-up of business units and operational improvements [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about passing the break-even point for the recycling plant and continuing to grow margins as operations scale [7] - The company is actively working with federal agencies to expedite the permitting process for its lithium hydroxide facility, which has been designated as a priority project [12] Other Important Information - The company has successfully paid off all remaining debt and convertible notes, resulting in a strong balance sheet with no debt [8] - The company continues to receive government grants that support the operation and construction of its facilities [14] Q&A Session Summary Question: Can you discuss progress related to the ramp-up of the $30 million EPA cleanup agreement? - Management confirmed that the Moss Landing project in Northern California has been receiving material since the end of summer, contributing significantly to the factory's feedstock, and they are on pace to receive more material from this and other sources [16]
American Battery Technology pany(ABAT) - 2026 Q2 - Earnings Call Transcript
2026-02-05 22:32
Financial Data and Key Metrics Changes - The company achieved record high revenues of approximately $4.8 million for the quarter ending December, along with an additional $300,000 in interest income, totaling $5.1 million in revenue and interest income for the quarter [5][14] - Operating costs increased to about $4.9 million for cash expenses, with total costs including non-cash items reaching approximately $6.4 million, indicating a close alignment between revenue generation and operational costs [6][8] - The company reported a cash balance of $48.7 million at the end of the quarter, marking one of the highest cash positions in years and eliminating all debt, resulting in a strong balance sheet [7][8] Business Line Data and Key Metrics Changes - The company operates two main business units: lithium-ion battery recycling and lithium hydroxide production from claystone [2][3] - The first recycling facility has scaled operations significantly, receiving increased material from both the automotive sector and stationary grid battery energy storage systems [8][9] - The second battery recycling facility is under design and construction in the Southeast US, while the Tonopah Flats Lithium Project is progressing through permitting and feasibility studies [10][12] Market Data and Key Metrics Changes - The company has received substantial material from the Moss Landing project in Northern California, contributing significantly to feedstock for the recycling facility [16] - The company has established strong relationships with the EPA, receiving a rare CERCLA certification to manage materials from various stationary facilities [9] Company Strategy and Development Direction - The company is focused on implementing a closed-loop infrastructure for battery recycling and critical mineral extraction, aiming to close the supply chain for lithium [3][4] - The strategic direction includes ramping up operations at existing facilities while also advancing the construction of new facilities to meet growing demand [7][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about passing the break-even point for the recycling plant and continuing to grow margins as operational efficiencies are implemented [7] - The company is actively engaging with federal agencies to expedite the permitting process for the Tonopah Flats Lithium Project, which is expected to be a competitive facility in the market [12][13] Other Important Information - The company has published a pre-feasibility study indicating attractive returns for the lithium hydroxide facility, with a production cost of just over $4,300 per ton [13][14] - The company is working on a definitive feasibility study to finalize the design and secure investment for the lithium refinery [14] Q&A Session Summary Question: Can you discuss progress related to the ramp-up of the $30 million EPA cleanup agreement? - Management confirmed that the Moss Landing project has been receiving material since the end of summer, contributing significantly to the factory's feedstock, and they are on pace to receive more material from this and other sources [16]
American Battery Technology Q2 Earnings Call Highlights
Yahoo Finance· 2026-02-05 22:30
Melsert emphasized that operating costs rose more slowly than revenue as the company scaled output at its first recycling plant. He said the company incurred about $4.9 million in cash expenses to operate the plant during the quarter and about $6.4 million when including non-cash costs such as depreciation and stock-based compensation. Based on those figures, he said ABAT is “getting to the point where the amount of revenue and interest income we’re generating is very close to the amount of cash costs it re ...
American Battery Technology pany(ABAT) - 2026 Q2 - Earnings Call Transcript
2026-02-05 22:30
Financial Data and Key Metrics Changes - The company achieved record high revenues of approximately $4.8 million for the quarter ending December, with an additional $300,000 in interest income, totaling $5.1 million in revenue and interest income [5][6][16] - Operating costs increased to about $4.9 million in cash expenses, with total costs including non-cash items reaching approximately $6.4 million, indicating a close alignment between revenue generation and operational costs [6][9] - The company reported a cash balance of $48.7 million at the end of the quarter, marking one of the highest cash positions in years and indicating strong financial health with zero debt [8][9][17] Business Line Data and Key Metrics Changes - The company operates two main business units: lithium-ion battery recycling and lithium hydroxide production from claystone [2][3] - The first recycling facility has scaled operations significantly, receiving increased material from both the automotive sector and stationary grid battery energy storage systems [9][10] - The second battery recycling facility is under design and construction in the Southeast US, indicating expansion efforts in the recycling business [11] Market Data and Key Metrics Changes - The company has received substantial material from the Moss Landing project in Northern California, which is part of a $30 million EPA cleanup agreement, contributing significantly to feedstock for the recycling facility [18] - The company has established strong relationships with the EPA and has received a rare CERCLA certification, allowing it to process materials from various stationary facilities across the country [10] Company Strategy and Development Direction - The company is focused on implementing a closed-loop infrastructure for battery recycling and critical mineral extraction, aiming to close the supply chain for lithium [3][4] - The Tonopah Flats Lithium Project is progressing, with the company working on a definitive feasibility study to secure investment for the mine and refinery [12][15] - The company aims to enhance operational efficiencies and scale operations at its facilities, with plans to add value-added processes [7][11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about passing the break-even point for the recycling plant and continuing to grow margins as operations scale [7] - The company is actively engaging with federal agencies to expedite the permitting process for its lithium hydroxide production facility, reflecting a proactive approach to regulatory challenges [13][14] Other Important Information - The company has welcomed a new Chief Financial Officer, Alex Flores, who brings over 20 years of experience in the battery and automotive sectors [5] - The company has received government grants that support the operation and construction of its facilities, contributing to its financial stability [16] Q&A Session Summary Question: Can you discuss progress related to the ramp-up of the $30 million EPA cleanup agreement? - The company confirmed that the Moss Landing project has been decommissioning for several months and has been receiving material since the end of summer, which represents a substantial portion of the feed into the factory [18]
American Battery Technology pany(ABAT) - 2026 Q2 - Quarterly Report
2026-02-05 21:46
Financial Performance - Total revenue for the three months ended December 31, 2025, was $4,759,831, a significant increase from $332,440 in the same period of 2024, representing a growth of 1,328%[14] - Net loss for the three months ended December 31, 2025, was $9,280,971, an improvement from a net loss of $13,400,506 in the same period of 2024, showing a reduction of 31%[14] - For the six months ended December 31, 2025, the net loss was $19.58 million, compared to a net loss of $25.1 million for the same period in 2024, indicating a reduction in losses[19] - Total operating expenses for the six months ended December 31, 2025, were $14,891,826, down from $18,289,938 in the previous year[14] - The company reported a net loss of $(10,299,566) for the six months ended December 31, 2025, reflecting ongoing operational challenges[16] Assets and Liabilities - Total current assets increased to $63,053,844 as of December 31, 2025, up from $29,532,110 as of June 30, 2025, reflecting a growth of 113%[11] - The total liabilities decreased to $4,363,822 as of December 31, 2025, down from $13,858,768 as of June 30, 2025, a reduction of 69%[11] - The company’s total stockholders' equity rose to $118,978,655 as of December 31, 2025, compared to $70,599,023 as of June 30, 2025, marking an increase of 68%[12] - Cash and cash equivalents increased to $47,894,544 as of December 31, 2025, compared to $7,474,304 as of June 30, 2025, representing a growth of 540%[11] - The total accumulated deficit as of December 31, 2025, was $279.7 million, reflecting ongoing operational challenges since inception[23] Cash Flow and Financing - The company incurred negative cash flows from operating activities of $16.95 million for the six months ended December 31, 2025, compared to $12.82 million for the same period in 2024[19] - The company generated $55.35 million in net cash from financing activities for the six months ended December 31, 2025, compared to $27.95 million for the same period in 2024, reflecting a 97% increase[19] - The company had cash and restricted cash of $48.69 million at the end of the period, up from $20.62 million a year earlier, marking a 136% increase[19] - The company issued 8,217,533 shares in an At-The-Market offering, raising approximately $21,017,987 in additional paid-in capital[16] - The company recognized a total of $1.9 million in proceeds from private placement, with $0.6 million from related parties[85] Research and Development - Research and development expenses for the six months ended December 31, 2025, totaled $6,515,274, compared to $4,952,000 for the same period in 2024, reflecting an increase of 31.6%[14] - The Company is focused on increasing domestic production of critical battery materials and recycling lithium-ion batteries[21] - The company is engaged in the commercialization of an integrated process for recycling lithium-ion batteries, contributing to its strategic focus on sustainability[21] Grants and Tax Credits - The Company completed a project funded by the DOE with cumulative funds invoiced totaling $2.3 million, representing 100% of eligible reimbursements[51] - The Company invoiced and collected $5.9 million related to a DOE grant for a lithium hydroxide refinery project, representing 10% of total eligible reimbursements[54] - The Company has been selected for a tax credit of up to $19.5 million through the 48C program, with qualifying expenditures incurred but not yet recognized[56] - An additional tax credit of up to $40.5 million was granted for the design and construction of a new commercial battery recycling facility in the U.S.[57] - The Company received a $144 million grant from the DOE for a new lithium-ion battery recycling facility, with $2.0 million invoiced as of December 31, 2025, representing 1.4% of total eligible reimbursements[58] Inventory and Assets Management - The total inventories as of December 31, 2025, amounted to $284.7 million, consisting of $224.9 million in raw materials and $59.8 million in finished goods[49] - The net carrying value of property and equipment as of December 31, 2025, was $50.4 million, an increase from $45.5 million on June 30, 2025[59] - Total accounts payable and accrued liabilities decreased to $4.1 million as of December 31, 2025, down from $5.8 million on June 30, 2025[68] Shareholder Equity and Stock - The weighted average shares outstanding increased to 129,287,997 for the three months ended December 31, 2025, compared to 75,315,210 for the same period in 2024, indicating a growth of 71.7%[14] - The Company granted 8.9 million share awards under the Retention Plan during the six months ended December 31, 2025[110] - The company issued 1,230,959 common shares upon vesting of share-based awards during the six months ended December 31, 2025[98] - As of December 31, 2025, there were 12,968,769 warrants outstanding, down from 16,138,037 in December 31, 2024[106] - The Company recognized $4.0 million in fair value for share awards that vested during the six months ended December 31, 2025[112]
American Battery Technology pany(ABAT) - 2026 Q2 - Earnings Call Presentation
2026-02-05 21:30
TECHNOLOGY COMPANY Quarterly Overview Presentation February 5, 2026 Forward-Looking Statement This presentation contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are "forward- looking statements." Although the American Battery Technology Company's (the "Company") management believes that such forward-looking statements are reasonable, it cannot quarante ...
American Battery Technology Company Hosts Second Quarter Fiscal Year 2026 Earnings Call Today
Globenewswire· 2026-02-05 13:52
Core Insights - American Battery Technology Company (ABTC) is set to release its second quarter fiscal year 2026 financial results on February 5, 2026, and will host an earnings call on the same day at 4:30 p.m. ET [1] Company Overview - ABTC is headquartered in Reno, Nevada, and focuses on developing technologies for the manufacturing of primary battery critical minerals and recycling of secondary lithium-ion battery materials [3] - The company aims to support the growing demand for battery metals from electric vehicles, stationary storage, and consumer electronics industries [3] - ABTC is committed to a circular supply chain for battery metals and continuously innovates to advance battery metal technologies, contributing to the global transition to electrification and sustainable energy [3]