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) 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 ...

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 ...

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]

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 ...

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 ...

Toronto, Ontario--(Newsfile Corp. - August 7, 2024) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") has entered into an agreement to acquire mineral claims in North Saskatchewan pursuant to which Argo Gold can acquire a 100% interest in certain mineral claims located 120 kilometres north of La Ronge, Saskatchewan in exchange for an aggregate of $7,000 cash and 1,000,000 common shares of the Company. The common shares issuable thereunder wi ...

GREENWOOD VILLAGE, Colo., July 30, 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 the Company expects to release its second quarter 2024 financial results and file its Quarterly Report on Form 10-Q for the period ended June 30, 2024 after market close on Monday, August 12, 2024. A conference call to discuss the Company's financial p ...

Core Viewpoint - Arq, Inc. has secured significant contracted volume for granular activated carbon (GAC) from its Red River facility, indicating strong market demand and confidence in its products [1][2][5]. Company Developments - The company has contracted over 50% of the Red River facility's nameplate capacity, which is 25 million pounds per annum, translating to 13 million pounds of annual contracted volume [8]. - Construction at the Red River facility is on schedule for first commercial production by the end of 2024, with capital requirements estimated at $60-70 million for the expansion project [5][8]. - Ongoing contract negotiations are progressing positively, with expectations to fully contract the facility's capacity before production begins [2][5]. Market Position - Arq is positioned as the only vertically integrated producer of activated carbon products in North America, providing a reliable domestic supply of high-demand products [6]. - The company emphasizes the limited supply of high-quality GAC in the market, which supports its growth strategy and pricing power [2][8]. Financial Implications - The pricing for GAC contracts remains attractive, significantly higher than the company's average powdered activated carbon (PAC) pricing, which is expected to enhance revenue and expand margins [8].

Reflects >50% of nameplate capacity under contract roughly six months ahead of first production Total contracted GAC demand now stands, when fully scaled up to ultimate run-rate requirements, at 13 million pounds per annum, representing 52% of Arq's expanded nameplate capacity of 25 million pounds per annum at its strategic Red River activated carbon manufacturing facility. Consistent with previous GAC contract awards, pricing remains attractive and represents a multiple of the Company's average powdered ac ...