Group 1 - The focus has shifted from primarily tech stocks to include offshore drilling, supply industry, and shipping sectors such as tankers, containers, and dry bulk [1] - There is an emerging interest in the fuel cell industry, which is still in its nascent stage [1] Group 2 - The individual has a background in auditing with PricewaterhouseCoopers and transitioned to day trading nearly 20 years ago [2] - The experience includes navigating significant market events such as the dotcom bubble, the aftermath of the World Trade Center attacks, and the subprime crisis [2]

Financial Performance - Total revenue reached $27.2 million, a 25% year-over-year increase, driven by improved Average Selling Price (ASP) and end-market diversification[6, 10] - Adjusted EBITDA was $4.1 million, compared to a loss of $0.4 million in the prior year period, marking four consecutive quarters of positive Adjusted EBITDA[7, 10] - The company achieved net profitability during Q1 2025, with a net income of $0.2 million compared to a net loss of $3.4 million in Q1 2024[10] - Gross margin remained strong at 36.4% in Q1 2025[6, 20] PAC Business - The company achieved its 8th consecutive quarter of double-digit year-over-year growth in PAC ASP, with an approximately 13% ASP increase year-over-year[6, 11, 18] - 100% of PAC contracts are now net cash producers, as loss-making contracts have been eliminated[6, 7, 18] GAC Business & Red River Project - The Red River project is expected to add 25 million pounds of incremental GAC product capacity[27, 31] - The company has entered into supply contracts for approximately 16 million pounds of the Red River plant's nameplate capacity[31] - First commercial-scale production of on-specification GAC product is anticipated by the end of Q2 or early Q3 2025[31, 35] PFAS Regulations & Market Impact - EPA regulations potentially increase municipal water market demand by 3-5x vs the existing approximately 170 million pounds per year[39] - The company estimates that the annual GAC market could grow approximately 75% to over 700 million pounds[108]

分组1 - Arq, Inc. reported break-even quarterly earnings per share, surpassing the Zacks Consensus Estimate of a loss of $0.03, compared to a loss of $0.09 per share a year ago, representing an earnings surprise of 100% [1] - The company posted revenues of $27.25 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 6.43%, and showing an increase from year-ago revenues of $21.74 million [2] - Over the last four quarters, Arq, Inc. has surpassed consensus revenue estimates four times, but has only exceeded consensus EPS estimates once [2] 分组2 - The stock has underperformed, losing about 43.9% since the beginning of the year, while the S&P 500 has declined by 4.7% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is breakeven on $29.2 million in revenues, and $0.13 on $132.2 million in revenues for the current fiscal year [7] 分组3 - The Zacks Industry Rank indicates that the Waste Removal Services industry is currently in the bottom 23% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that tracking these revisions can be beneficial for investors [5] - The estimate revisions trend for Arq, Inc. is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]

Financial Performance - Revenue for Q1 2025 totaled $27.2 million, reflecting a 25% increase compared to $21.7 million in the prior year period[7] - Net income for Q1 2025 was $0.2 million, a significant improvement from a net loss of ($3.4) million in the prior year period[13] - Operating income for Q1 2025 was $662,000, compared to a loss of $2,980,000 in Q1 2024, indicating a significant turnaround[26] - Adjusted EBITDA for Q1 2025 was $4.1 million, compared to an Adjusted EBITDA loss of ($0.4) million in the prior year period, marking the 4th consecutive quarter of positive Adjusted EBITDA[13] - Adjusted EBITDA for Q1 2025 was $4,063,000, compared to a loss of $362,000 in Q1 2024, showing improved operational performance[33] Cost and Expenses - Gross margin for Q1 2025 was 36.4%, slightly down from 36.9% in the prior year period, impacted by start-up costs associated with the GAC line[8] - Selling, general and administrative expenses decreased by approximately 21% to $6.1 million in Q1 2025, down from $7.7 million in the prior year period[9] - The company incurred $17,332,000 in cost of revenue for Q1 2025, which is an increase from $13,713,000 in Q1 2024, reflecting higher operational costs[26] - Research and development expenses decreased to $874,000 in Q1 2025 from $1,625,000 in Q1 2024, a reduction of 46.0%[26] Capital and Debt - Capital expenditures for 2025 are forecasted to remain between $8 million and $12 million, with Q1 2025 capex totaling $3.7 million[14] - Total debt as of March 31, 2025, was $26.8 million, an increase from $24.8 million as of December 31, 2024, primarily due to the revolving credit facility[15] Assets and Liabilities - Total current assets decreased to $48,234,000 as of March 31, 2025, down from $52,356,000 at the end of 2024, a decline of 7.4%[24] - Total liabilities decreased to $65,498,000 as of March 31, 2025, down from $67,092,000 at the end of 2024, a reduction of 2.4%[24] Sales and Market Activity - Average sales price (ASP) increased by approximately 13% in Q1 2025, marking the 8th consecutive quarter of double-digit year-over-year growth in ASP[5] - The company signed its second largest PAC contract in history in April 2025, indicating strong business momentum[5] - The first commercial GAC production is now expected by the end of Q2 or early Q3 2025, reflecting a delay from previous guidance[6] Shareholder Information - The weighted-average number of common shares outstanding increased to 41,322,000 in Q1 2025 from 37,062,000 in Q1 2024, an increase of 11.0%[26] Cash Position - Cash and restricted cash at the end of Q1 2025 was $14,803,000, down from $44,019,000 at the end of Q1 2024, a decrease of 66.4%[28]

Financial Performance - For the three months ended March 31, 2025, revenue increased by 25% to $27.247 million compared to $21.740 million in the same period of 2024, driven by higher volumes and pricing [119]. - Net income for the three months ended March 31, 2025, was $0.2 million, a significant improvement from a net loss of $3.4 million in the same period of 2024 [117]. - Earnings from equity method investments for the three months ended March 31, 2025, were $0.155 million, compared to no earnings in the same period of 2024 [131]. - For the three months ended March 31, 2025, the company reported a net income of $203,000, a significant improvement from a net loss of $3.4 million in the same period of 2024 [139]. - Adjusted EBITDA for the same period was a loss of $4.1 million, compared to a loss of $362,000 in the prior year, indicating a worsening operational performance despite the net income improvement [139]. Operating Expenses - Operating expenses decreased by 16% to $9.253 million for the three months ended March 31, 2025, compared to $11.007 million in the same period of 2024 [123]. - Research and development expenses decreased by 46% to $0.874 million for the three months ended March 31, 2025, compared to $1.625 million in the same period of 2024 [123]. - Interest expense decreased by 8% to $0.724 million for the three months ended March 31, 2025, compared to $0.791 million in the same period of 2024 [133]. Cash Flow and Liquidity - Cash and restricted cash decreased from $22.2 million as of December 31, 2024, to $14.8 million as of March 31, 2025, reflecting a challenging liquidity position [140]. - Cash flow used in operating activities was $5.8 million for the three months ended March 31, 2025, a decrease of $6.3 million from cash provided by operating activities of $0.5 million in the same period of 2024 [141]. - Cash flows used in investing activities decreased by $6.0 million, primarily due to a reduction in property, plant, and equipment additions related to the Red River Plant expansion [142]. - Cash flows provided by financing activities increased by $3.0 million, mainly due to net borrowings on the Revolving Credit Facility of $2.4 million [143]. - As of March 31, 2025, the company had cash on hand of $6.3 million and availability of $13.8 million under a $30.0 million secured revolving credit facility [146]. Future Outlook - The U.S. EPA's new PFAS National Primary Drinking Water Regulation is expected to drive a material increase in GAC demand in the water purification market over the next five years [116]. - The company anticipates that product price increases will help offset fluctuations in volumes due to competing power generation sources [122]. - The company expects to begin using Arq Powder as a feedstock for high-quality GAC products in the second half of 2025, potentially accessing new markets [113]. - The company expects to complete commissioning of the Red River Project by the end of Q2 or early Q3 2025, which is crucial for the production of new GAC products [147]. - The company plans to resume normal operations at the Corbin Facility after completing the commissioning of the Red River Project [149]. - The company anticipates that its ability to generate sufficient cash flow will depend on executing contracts and increasing market share for APT consumables [144].

Core Insights - Arq, Inc. achieved 8 consecutive quarters of double-digit year-over-year average sales price (ASP) growth, with a strong gross margin of 36.4% and positive adjusted EBITDA for four consecutive quarters, indicating a solid financial performance [1][5][14] - The company signed the second largest PAC contract in its history, showcasing the sustainability and value of its foundational business [1][6] - The timeline for the first commercial GAC production at the Red River facility has been updated to the end of Q2 or early Q3 2025 [1][6] - Jay Voncannon has been appointed as Chief Financial Officer, bringing 35 years of finance experience to oversee the company's transformation and growth [1][6] Financial Highlights - Revenue for Q1 2025 was $27.2 million, a 25% increase from $21.7 million in the prior year, driven by higher ASP, positive product mix changes, and increased volumes sold [5][8] - ASP increased by approximately 13% in Q1 2025 compared to the prior year, marking the eighth consecutive quarter of double-digit year-over-year growth [5][8] - Gross margin was 36.4% in Q1 2025, slightly down from 36.9% in the prior year, influenced by improved pricing and customer mix, offset by start-up costs related to the GAC line [10][13] - Net income for Q1 2025 was $0.2 million, a significant improvement from a net loss of $3.4 million in the prior year [13][14] - Adjusted EBITDA for Q1 2025 was $4.1 million, compared to an adjusted EBITDA loss of $0.4 million in the prior year, reflecting four consecutive quarters of positive adjusted EBITDA [14][15] Operational Highlights - All powder activated carbon (PAC) contracts are now net cash producers following the resolution of negative margin agreements as of December 31, 2024 [5] - The company completed mechanical construction of the GAC facility in January 2025, with small non-commercial scale volumes produced, but not yet at the consistency required for commercial production [6][7] - The company maintains a guidance of a 3-6 month ramp-up phase to reach a 25-million-pound nameplate capacity at Red River after the first commercial production [6] Capital Expenditures and Balance Sheet - Capital expenditures for 2025 are forecasted to remain between $8 million and $12 million, with $3.7 million spent in Q1 2025 [16] - As of March 31, 2025, cash and restricted cash totaled $14.8 million, down from $22.2 million as of December 31, 2024, primarily due to capital expenditures and inventory buildup [16] - Total debt, including financing leases, was $26.8 million as of March 31, 2025, an increase from $24.8 million as of December 31, 2024, driven by the revolving credit facility [17]

| Lindbergh 1 | 105 bbl/day | 39.5 bbl/day | $81,344 | $55,953 | | --- | --- | --- | --- | --- | | (37.5% interest) | | | | | | Lloyd 1 (18.75% interest)128 bbl/day | | 24 bbl/day | $49,408 | $31,224 | | Lindbergh 2 (37.5% interest) | 56 bbl/day | 21 bbl/day | $43,261 | $18,772 | | Lloyd 2 (18.75% interest)6 bbl/day | | 1 bbl/day | $2,359 | ($690) | | Lindbergh 3 (18.75% interest)109 bbl/day | | 20.5 bbl/day | $42,213 | $26,306 | | February 2025 Total | | 106 bbl/day | $218,586 | $131,564 | About Argo Gold ...

Core Viewpoint - Arq, Inc. is set to release its first quarter 2025 financial results on May 7, 2025, and will hold a conference call to discuss its financial performance on the same day [1]. Financial Results Announcement - The financial results and the Quarterly Report on Form 10-Q for the period ended March 31, 2025, will be available before market open on May 7, 2025 [1]. - A conference call to discuss the financial performance is scheduled for 8:30 a.m. Eastern Time on the same day [1]. Conference Call Participation - Interested parties can access the conference call via the Investor Resources section of Arq's website or by registering through a provided link [2]. - The live conference call can also be accessed by dialing specific phone numbers and referencing Arq [2]. Supplemental Information - A supplemental investor presentation will be available on the Company's website prior to the conference call [3]. - A replay of the conference call will be accessible shortly after the event, with specific dial-in details provided [3]. Company Overview - Arq, Inc. is a diversified environmental technology company focused on producing activated carbon products and other environmentally efficient materials [4]. - The company is the only vertically integrated producer of activated carbon products in North America, ensuring a reliable domestic supply [4]. - Arq applies its expertise to develop solutions aimed at removing harmful chemicals and pollutants from water, land, and air [4].

Toronto, Ontario--(Newsfile Corp. - April 11, 2025) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") is entering into a mineral claim option agreement (the "Option") to acquire a 100% interest in the 1155-hectare Dreaver Lake property (the "Claim") located in the Rottenstone Belt in Saskatchewan. To exercise the Option and acquire the Claim, Argo must: (i) make a cash payment of C$1,000 (which has been made), (ii) incur or expend at least ...

Core Insights - Arq, Inc. has appointed Jay Voncannon as Chief Financial Officer, effective April 2, 2025, to oversee its financial strategy and operations during a period of transformation and growth in the activated carbon market [1][4]. Company Overview - Arq, Inc. is a producer of activated carbon and environmentally efficient carbon products aimed at purification and sustainable materials [1][8]. - The company is the only vertically integrated producer of activated carbon products in North America, providing a reliable domestic supply of innovative products [8]. Leadership and Experience - Jay Voncannon brings over 35 years of finance experience, having previously served as CFO of CoorsTek, where he guided significant expansion and improved profitability [2][5]. - Voncannon has a strong background in corporate finance, mergers and acquisitions, and strategic leadership, recognized as a CPA and CGMA [6]. Strategic Goals - The appointment of Voncannon is part of Arq's strategy to build a world-class finance organization that supports future growth [4]. - The leadership team aims to leverage Voncannon's expertise to enhance organizational performance and drive market share growth [5][6].