Aqua Metals (NASDAQ:AQMS) Posts Earnings Results

Aqua Metals (NASDAQ:AQMS) posted its earnings results on Thursday. The business services provider reported ($1.22) earnings per share (EPS) for the quarter, FiscalAI reports.

Here are the key takeaways from Aqua Metals’ conference call:

• Aqua Metals said it is advancing site selection for its first commercial lithium battery recycling facility, with a shortlist of U.S. locations being evaluated based on feedstock access, logistics, partnerships, and long-term economics.
• The company reported technical progress at its innovation center, surpassing 5,000 cumulative operating hours and producing battery-grade lithium carbonate from both NMC and LFP feedstocks with independent validation.
• Aqua Metals also achieved manganese sulfate purity of about 99.8% and continued work on iron phosphate recovery, supporting its broader push into critical minerals and energy storage markets.
• Management said it will not proceed with the Lion Energy acquisition under the previously announced term sheet, but it is still exploring alternative structures that could be more capital-efficient and better aligned with shareholder value.
• Financial results improved year over year, with Q1 net loss narrowing to about $4 million from $8.3 million and operating expenses falling to $4.1 million from $8.7 million, helped by prior-year non-cash impairment charges not recurring.

Aqua Metals Stock Down 7.8%

AQMS traded down $0.39 during trading hours on Thursday, hitting $4.62. 99,099 shares of the company’s stock were exchanged, compared to its average volume of 205,225. Aqua Metals has a 1-year low of $3.37 and a 1-year high of $39.40. The stock’s 50-day moving average is $4.46 and its two-hundred day moving average is $5.48. The stock has a market cap of $15.48 million, a price-to-earnings ratio of -0.15 and a beta of 0.30.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in Aqua Metals by 844.5% during the third quarter. Bank of America Corp DE now owns 4,477 shares of the business services provider’s stock worth $29,000 after purchasing an additional 4,003 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Aqua Metals in the fourth quarter valued at $61,000. Schonfeld Strategic Advisors LLC acquired a new stake in Aqua Metals in the third quarter valued at $82,000. Price T Rowe Associates Inc. MD acquired a new stake in Aqua Metals in the fourth quarter valued at $77,000. Finally, Hamilton Capital Partners LLC acquired a new stake in Aqua Metals in the fourth quarter valued at $84,000. Institutional investors and hedge funds own 21.98% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Aqua Metals in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About Aqua Metals

Aqua Metals Inc (NASDAQ: AQMS) is a technology-driven environmental company pioneering sustainable battery recycling solutions. The company’s core offering, branded as AquaRefining, utilizes an electrochemical process to recover lead, silver, and plastic components from spent lead-acid batteries without the need for high-temperature smelting. This water-based approach aims to eliminate air emissions and reduce energy consumption compared to conventional recycling methods.

Based in Reno, Nevada, Aqua Metals develops, manufactures, and licenses its proprietary modular recycling systems to industrial battery recyclers and battery manufacturers.