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Arq, Inc. Announces Pricing of $25 Million Public Offering of Common Stock
GlobeNewswire News Room· 2024-09-20 12:21
Core Viewpoint - Arq, Inc. has announced a public offering of 4,770,000 shares of common stock priced at $5.25 per share, aiming to raise approximately $25 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The offering consists of 4,770,000 shares of common stock, with gross proceeds expected to be around $25 million [1]. - The offering is set to close on or about September 23, 2024, subject to customary closing conditions [1]. - Arq has granted underwriters a 30-day option to purchase an additional 715,500 shares [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including working capital, capital expenditures for activated carbon facilities, research and development, debt service, and potential acquisitions [2]. Group 3: Underwriters and Registration - Canaccord Genuity and Roth Capital Partners are acting as joint bookrunners for the offering [3]. - A shelf registration statement related to the shares was filed with the SEC and became effective on September 4, 2024 [4].
Arq, Inc. Announces Proposed Public Offering of Common Stock
GlobeNewswire News Room· 2024-09-19 20:01
GREENWOOD VILLAGE, Colo., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Arq, Inc. (NASDAQ: ARQ) ("Arq" or the "Company"), a producer of activated carbon and other environmentally efficient carbon products for use in purification and sustainable materials, today announced that it has commenced an underwritten public offering of shares of its common stock, par value $0.001 per share ("common stock"), for sale in an underwritten public offering. All of the shares in the offering are being offered by Arq. Arq expects to g ...
Argo Oil Update
Newsfile· 2024-09-17 12:29
Toronto, Ontario--(Newsfile Corp. - September 17, 2024) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") participated at its pro rata interest of 18.75% in a second horizontal oil well at Lloyd in the General Petroleum (GP) Formation. Lloyd 2 was drilled in late August, equipped in early September, and is now on production. Lloyd 2 is participation in a fourth oil well for Argo; in addition to Lindbergh 1, Lloyd 1 and Lindbergh 2. Developme ...
Arq(ARQ) - 2024 Q2 - Earnings Call Presentation
2024-08-13 18:08
Arg Nasdaq: ARQ Q2 2024 Earnings Call August 13, 2024 the first of the state of the state of the state of the states of the the state Disclaimer This presentation includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which provides a "safe harbor" for such statements in certain circumstances. When used in this presentation, the words "can," "will," "intends," "expects," "believes," similar expressions and any other statements that are not historical fa ...
Arq(ARQ) - 2024 Q2 - Earnings Call Transcript
2024-08-13 18:04
Arq, Inc. (NASDAQ:ARQ) Q2 2024 Results Earnings Conference Call August 13, 2024 9:00 AM ET Company Participants Anthony Nathan - Investor and Corporate Relations Robert Rasmus - Chief Executive Officer Stacia Hansen - Chief Accounting Officer Conference Call Participants Gerry Sweeney - ROTH MKM Graham Mattison - Water Tower Research Operator Greetings and welcome to the Arq Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. [Operator Instructions]. As a reminder, t ...
Arq, Inc. (ARQ) Reports Q2 Loss, Tops Revenue Estimates
ZACKS· 2024-08-12 22:41
Arq, Inc. (ARQ) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.21 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this company would post a loss of $0.07 per share when it actually produced a loss of $0.09, delivering a surprise of -28.57%. Over the last four quarters, the company has surpassed cons ...
Arq(ARQ) - 2024 Q2 - Quarterly Results
2024-08-12 20:37
Exhibit 99.1 arq.com Arq Reports Second Quarter 2024 Results Ongoing improvement to ASP and profitability of foundational PAC business 52% of Red River's GAC nameplate capacity now contracted nearly six months ahead of first production Red River expansion remains on target for first GAC deliveries in Q1 2025 GREENWOOD VILLAGE, Colo., August 12, 2024 - GlobeNewswire - Arq, Inc. (NASDAQ: ARQ) (the "Company" or "Arq"), a producer of activated carbon and other environmentally efficient carbon products for use i ...
Arq Reports Second Quarter 2024 Results
GlobeNewswire News Room· 2024-08-12 20:30
Core Insights - Arq, Inc. reported a revenue of $25.4 million for Q2 2024, marking a 24% increase year-over-year, driven by improved contract terms and a favorable product mix [2][6] - The company achieved a 16% increase in average selling prices (ASP) in Q2 2024, representing the fifth consecutive quarter of double-digit year-over-year growth in ASP [2][6] - Gross margin improved to 32% in Q2 2024, up from 25% in the prior year, attributed to higher revenue and a focus on profitability [2][8] Financial Performance - The net loss for Q2 2024 was $2.0 million, a significant improvement from a loss of $5.9 million in the same period last year [2][13] - Adjusted EBITDA for Q2 2024 was $0.5 million, compared to an adjusted EBITDA loss of $3.0 million in the prior year [2][14] - Cash and restricted cash as of June 30, 2024, totaled $37.2 million, down from $44.0 million at the end of Q1 2024 [2][17] Business Developments - The company secured additional granular activated carbon (GAC) supply contracts, bringing total contracted volume to 13 million pounds per year, which is 52% of the expanded nameplate capacity of 25 million pounds [3] - Arq was added to the Russell 3000 and Russell 2000 Indices in July 2024, enhancing its visibility in the investment community [3] - A $15 million private placement of common stock was completed in May 2024, bolstering the company's liquidity [3] Operational Updates - The commissioning of the Corbin facility began in early Q2 2024, with production expected to ramp up in Q4 2024 [3][5] - The company anticipates achieving first GAC deliveries from the Red River facility in Q1 2025, despite facing construction delays due to unprecedented rain [5] - Capital expenditure forecasts for the full year 2024 remain at $60 - $70 million, consistent with previous guidance [2][16]
Arq(ARQ) - 2024 Q2 - Quarterly Report
2024-08-12 20:29
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 June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37822 ______________________________________ ARQ, INC. (Exact name of ...
Arq to Attend Upcoming Investor Conferences
GlobeNewswire News Room· 2024-08-08 12:00
GREENWOOD VILLAGE, Colo., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Arq, Inc. (NASDAQ: ARQ) (the "Company" or "Arq"), a producer of activated carbon and other environmentally efficient carbon products for use in purification and sustainable materials, today announced that the Company will attend the following upcoming investor conferences: Canaccord Genuity 44th Annual Growth Conference Date: August 13-14, 2024 Location: Boston, MA Live presentation: August 13, 2024 at 4:15 p.m. EST (information below) H.C. Wainwri ...