Aqua Metals (AQMS)
NASDAQ:AQMS
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Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-10.3Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized substantive technical and commercial progress — including pilot-scale LFP recycling, high-quality lithium carbonate (<30 ppm fluorine), strategic partnerships, patent allowance and a $20M capital raise — and demonstrated improvements in cash burn and net loss versus prior year. However, notable risks remain: the company is still pre-revenue, reported large noncash impairments, holds limited year-end cash ($10.8M), and execution depends on securing feedstock, offtake and project financing as well as the outcome of the Lion Energy transaction. On balance, the positive operational milestones, partnerships and balance sheet improvements outweigh the near-term financial and execution risks.Company Guidance
Expanded Product Portfolio & Technical Breakthroughs
Demonstrated AquaRefining across multiple outputs (battery-grade lithium carbonate, nickel/cobalt MHP, iron phosphate) and produced nickel carbonate samples aligned to partner specs. Successfully processed a full metric ton of LFP cathode scrap at pilot scale, recovering battery-grade lithium carbonate validated by OEM and third-party testing — a commercially meaningful demonstration beyond bench scale.
High-Quality Lithium Carbonate
Produced lithium carbonate with fluorine levels under 30 ppm, claimed to meet or exceed quality standards for recycled lithium globally; representative volumes distributed for partner evaluation with positive feedback.
First Domestic Recycled Nickel Cathode Material
Central to producing the first cathode active material made entirely from recycled nickel sourced within the U.S.; this material has entered qualification at a Tier 1 battery manufacturer, supporting a domestic closed-loop supply chain narrative.
Flexible Commercial ARC Design
Advanced ARC facility design supporting 10,000–60,000 metric tons of black mass input annually to allow right-sized first commercial deployment based on partner/project financing structure, intended to reduce execution risk and capital requirements.
Strategic Partnerships and MOUs
Secured a multiyear supply agreement with 6K Energy, a nonbinding LOI with Westwin Elements for recycled nickel carbonate supply, and MOUs with Impossible Metals and Moby Robotics to explore seafloor and polymetallic nodule feedstocks, expanding addressable markets beyond battery recycling.
Intellectual Property Progress
U.S. Patent Office granted allowance for a foundational patent covering key elements of the lithium battery recycling process; filed a provisional application for a low-cost leaching approach applicable to mined manganese ores and deep sea nodules.
Capital Raise and Balance Sheet Improvements
Raised approximately $20 million in 2025 (approx. $13M institutional in October plus ~$7M via ATM/equity line). Ended year with $10.8 million in cash and eliminated long-term debt (including retirement of $3M Summit Building loan).
Reduced Cash Burn and Improved Operating Metrics
Net cash used in operating activities fell to ~$10.3M in 2025 from ~$13.6M in 2024, an improvement of ~24.8% year-over-year. Underlying operating expenses declined when excluding nonroutine impairments; full year operating expense modestly decreased to ~$23.3M from ~$23.8M (~2.1% decrease).
Improved Profitability Trajectory (Loss Reduction)
Full year net loss improved to approximately $22.6M (negative $15.15 per share) from ~$24.6M (negative $38.25 per share) in 2024 — a reduction in net loss of ~8.1% and an improvement in loss per share of ~60.4% year-over-year.
Corporate Governance & Leadership Updates
Added Board members with commercialization and financial market expertise and completed a CFO transition to Eric West, strengthening governance and financial leadership for the commercialization phase.
AQMS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AQMS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 31, 2026 | $4.28 | $4.03 | -5.84% |
Nov 12, 2025 | $7.61 | $6.70 | -11.96% |
Aug 13, 2025 | $4.22 | $3.99 | -5.45% |
May 08, 2025 | $11.05 | $9.67 | -12.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Aqua Metals (AQMS) report earnings?
Aqua Metals (AQMS) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is Aqua Metals (AQMS) earnings time?
Aqua Metals (AQMS) earnings time is at Apr 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What is AQMS EPS forecast?
Currently, no data Available