Aqua Metals (NASDAQ:AQMS) Announces Earnings Results

Aqua Metals (NASDAQ:AQMS) released its quarterly earnings results on Thursday. The business services provider reported ($1.22) 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 Performance

Shares of Aqua Metals stock traded down $0.50 during mid-day trading on Friday, hitting $4.12. 58,278 shares of the stock were exchanged, compared to its average volume of 61,873. The company has a market capitalization of $13.80 million, a P/E ratio of -0.13 and a beta of 0.30. The company has a 50-day simple moving average of $4.44 and a 200 day simple moving average of $5.44. Aqua Metals has a 12 month low of $3.37 and a 12 month high of $39.40.

Institutional Investors Weigh In On Aqua Metals

A number of hedge funds have recently modified their holdings of AQMS. Schonfeld Strategic Advisors LLC bought a new stake in shares of Aqua Metals in the 3rd quarter worth approximately $82,000. Bank of America Corp DE raised its holdings in shares of Aqua Metals by 844.5% in the 3rd 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 period. Hamilton Capital Partners LLC bought a new stake in shares of Aqua Metals in the 4th quarter worth approximately $84,000. Geode Capital Management LLC bought a new stake in shares of Aqua Metals in the 4th quarter worth approximately $129,000. Finally, Stifel Financial Corp bought a new stake in shares of Aqua Metals in the 4th quarter worth approximately $269,000. Institutional investors own 21.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Aqua Metals in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Aqua Metals currently has an average 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.