Melsert emphasized that operating costs rose more slowly than revenue as the company scaled output at its first recycling plant. He said the company incurred about $4.9 million in cash expenses to operate the plant during the quarter and about $6.4 million when including non-cash costs such as depreciation and stock-based compensation. Based on those figures, he said ABAT is “getting to the point where the amount of revenue and interest income we’re generating is very close to the amount of cash costs it re ...