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 Company Announces Record Breaking Revenue as it Ramps Manufacturing of Critical Minerals and Publishes its Second Quarter Fiscal 2026 Financial Results