Aqua Metals (NASDAQ:AQMS) stock is taking a beating on Tuesday alongside the release of the metals recycling company’s earnings report for Q2 2024.The bad news for AQMS stock comes from the lack of revenue reported by Aqua Metals during the quarter. That’s not what Wall Street was expecting with a Q2 revenue estimate of $27,500.Additionally, its adjusted earnings per share came in at -5 cents. That matches what analysts were expecting from Aqua Metals. It’s also slightly better than the -6 cents per share f ...

Funding and Financial Performance - Aqua Metals has completed a $7.3 million net funding round, indicating continued investor confidence in the company's technology and business plan[7]. - The company has experienced a more than 25% drop in lithium carbonate pricing since May 2024, impacting financing efforts for the Sierra ARC[2]. - Aqua Metals is actively pursuing additional financing options, including project finance and strategic investments, to complete the Sierra ARC[2][8]. - Total current assets as of June 30, 2024, are $9.315 million, down from $18.299 million as of December 31, 2023[17]. - Total liabilities increased to $8.447 million as of June 30, 2024, compared to $7.536 million as of December 31, 2023[20]. - Total operating expense for the three months ended June 30, 2024, was $5,599 million, an increase of 15.4% compared to $4,852 million for the same period in 2023[24]. - Net loss for the three months ended June 30, 2024, was $5,587 million, compared to a net loss of $4,759 million for the same period in 2023, representing an increase of 17.4%[24]. - Basic and diluted net loss per share for the three months ended June 30, 2024, was $(0.05), slightly improved from $(0.06) for the same period in 2023[24]. - Loss from operations for the six months ended June 30, 2024, was $(11,391) million, compared to $(9,348) million for the same period in 2023, an increase of 21.9%[24]. - Total other income (expense), net for the three months ended June 30, 2024, was $15 million, a decrease of 83.9% from $93 million for the same period in 2023[24]. - Income tax expense for the three months ended June 30, 2024, was $3 million, compared to no income tax expense for the same period in 2023[24]. - Gain on disposal of property, plant, and equipment was $0 for the three months ended June 30, 2024, compared to a loss of $(3) million for the same period in 2023[24]. Operational Updates - The Sierra ARC facility has achieved significant milestones, including the completion of a five megawatt upgrade of utility power and installation of key equipment[1][5]. - Due to delays in funding, Aqua Metals has implemented a reduction in force, although it does not expect this to materially impact current pilot operations or R&D[3]. - The timeline for commissioning the Sierra ARC has shifted to 2025, compared to the previously planned late 2024[3]. - The pilot facility has been operating consistently 24x5, providing critical process validation data for financing counterparties[6]. Strategic Partnerships - The company continues to explore and solidify strategic partnerships to enhance its supply chain and market presence[8]. Research and Development - Research and development costs for the three months ended June 30, 2024, were $363 million, a decrease of 30.8% from $525 million for the same period in 2023[24]. - Interest expense decreased to $(84) million for the three months ended June 30, 2024, from $(255) million in the same period of 2023, a reduction of 67.8%[24]. - Weighted average shares outstanding increased to 123,793,140 for the three months ended June 30, 2024, compared to 84,184,884 for the same period in 2023, an increase of 47.0%[24].

RENO, Nev., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ:AQMS), a pioneer in sustainable lithium-ion battery recycling, today announced it will report financial results for the second quarter ended June 30, 2024, and provide a business update after the market closes on Monday, August 5, 2024. Following the release, management will host a conference call that same day at 4:30 p.m. ET. The live conference call can be accessed at https://event.webcasts.com/aqms or from the investor relations sec ...

RENO, Nev., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS), a pioneer in sustainable lithium-ion battery recycling, today announced it will report financial results for the second quarter ended June 30, 2024, and provide a business update after the market closes on Monday, August 5, 2024. Following the release, management will host a conference call that same day at 4:30 p.m. ET. The live conference call can be accessed at https://event.webcasts.com/aqms or from the investor relations se ...

Penny stocks with insider buying addresses a key lingering concern among speculators: do the folks that are selling me their business actually believe in their business?I’m telling you, there’s nothing worse than putting your money down into an opportunity, only to discover that the very people who are selling you on the idea – indeed, the insiders that know the business the best – are the ones exiting the enterprise.I don’t care that insiders sell for a variety of reasons, many of them mundane. If transact ...

RENO, Nev., May 17, 2024 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ:AQMS) ("Aqua Metals" or the "Company"), a pioneer in sustainable lithium-ion battery recycling, today announced the closing of its $8.05 million underwritten public offering of 20,125,000 shares of its common stock and non-redeemable warrants to purchase 20,125,000 shares of its common stock, including 2,625,000 shares of common stock and warrants issued pursuant to the full exercise by the underwriter of its over-allotment option. The p ...

RENO, Nev., May 17, 2024 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (Nasdaq: AQMS) (“Aqua Metals” or the “Company”), a pioneer in sustainable lithium-ion battery recycling, today announced the closing of its $8.05 million underwritten public offering of 20,125,000 shares of its common stock and non-redeemable warrants to purchase 20,125,000 shares of its common stock, including 2,625,000 shares of common stock and warrants issued pursuant to the full exercise by the underwriter of its over-allotment option. The ...

Aqua Metals, Inc. (NASDAQ:AQMS) Q1 2024 Earnings Conference Call May 15, 2024 4:30 PM ET Company Participants Bob Meyers - IR, FNK Investor Relations Steve Cotton - President and CEO Judd Merrill - CFO Conference Call Participants Michael Legg - Benchmark Company Sameer Joshi - H.C. Wainwright Operator Greetings and welcome to the Aqua Metals’ First Quarter 2024 Investor Conference call. At this time all participants are in a listen-only mode. A brief question-and-answer session will follow the formal prese ...

Exhibit 99.1 1 Aqua Metals Advances Circular Supply Chain Strategy with Sierra ARC Buildout, Commercial Partnerships, and $40M Capital Infusion, Reports First Quarter 2024 Results Commences $7M Equity Raise, Signs $33M Non-binding Loan Term Sheet with One of the Worlds' Largest Private Companies, Initiates Strategic Of take Agreement with 6K Energy RENO, Nev., May 15, 2024 – Aqua Metals, Inc. (NASDAQ: AQMS), a pioneer in sustainable lithium-ion battery recycling, today reported financial results and provide ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-37515 Aqua Metals, Inc. (Exact name of registrant as specified in its charter) Delaware 47-1169572 (State or other jur ...