Price: $0.4730
$-0.02
-3.469%
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Day's High:
| $0.496
| Week Perf:
| -3.47 %
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Day's Low: |
$ 0.47 |
30 Day Perf: |
-18.45 % |
Volume (M): |
409 |
52 Wk High: |
$ 1.77 |
Volume (M$): |
$ 193 |
52 Wk Avg: |
$0.95 |
Open: |
$0.50 |
52 Wk Low: |
$0.46 |
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Market Capitalization (Millions $) |
48 |
Shares
Outstanding (Millions) |
102 |
Employees |
67 |
Revenues (TTM) (Millions $) |
0 |
Net Income (TTM) (Millions $) |
-18 |
Cash Flow (TTM) (Millions $) |
16 |
Capital Exp. (TTM) (Millions $) |
9 |
Aqua Metals Inc
Aqua Metals is reinventing lead recycling with its patent-pending AquaRefining™
technology. Unlike smelting, AquaRefining is a room temperature, water-based
process that is fundamentally non-polluting. It is deployed as a factory built
modular system which allows the lead-acid battery industry to simultaneously
improve environmental impact and scale production to meet rapidly growing demand.
Aqua Metals is based in Alameda, California, and has built its first recycling
facility in Nevadas Tahoe Reno Industrial Complex. Lead is a globally traded
commodity with a worldwide market value in excess of $20 billion. Lead acid
batteries (LABs) are the primary use of all lead produced in the world. Because
the chemical properties of lead allow it to be recycled and reused indefinitely,
LABs are also the dominant source of world lead production. As such, LABs are
almost 100% recycled for purposes of capturing the lead contained therein for
re-use. We believe that our proprietary AquaRefining process will provide for
the recycling of LABs and the production of a pure grade lead with a significantly
lower cost of production, and with fewer environmental and regulatory issues,
than conventional methods of lead production.
In recent years, many lead-zinc mines have become exhausted and recycled lead
has become increasingly important to LAB production. Recycled lead surpassed
mined lead in the 1990s and now represents more than 60% of the lead content
in new LABs. Whether it is produced from lead ore or recycled LABs, lead has
historically been produced by smelting. Smelting is a high-temperature, metallurgic/chemical
reduction, somewhat inefficient, energy intensive and often a highly pollutive
process. As a consequence of its environmental and health issues, lead smelting
has become increasingly regulated in many countries. In the US, regulatory non-compliance
has forced the closure of large lead smelters in Vernon, California, Frisco,
Texas and Herculaneum, Missouri over the last four years. Herculaneum was the
last remaining primary lead-mine operation (i.e., smelting lead from concentrates/ore)
in the US, though secondary lead smelters that process recycled lead continue
to operate in the US. In response to increasing environmental regulation over
the past two decades, there has been an expansion of LAB smelting capacity in
Mexico and other less regulated countries. The resulting transportation of used
LABs from where they originate in the US to smelters in Mexico, South Korea,
the Philippines and elsewhere is an increasingly significant logistical and
global environmental cost.
AquaRefining uses bio-degradable aqueous solvent and a novel ambient temperature
electro-chemical process to produce pure lead (i.e., higher than 99.99% purity).
We believe that AquaRefining can significantly reduce production costs as compared
with alternative methods of producing pure lead. This cost reduction is partly
because our novel electro-chemical process requires less energy than the endothermic
high temperature (1400°C) chemical reduction that is at the core of smelting.
It is also partly because our process does not generate toxic high temperature
dust and gas, or the lead containing slag and dross that are unavoidable byproducts
of smelting, and which require capital and energy intensive processes to meet
environmental compliance. We also have the potential to locate multiple smaller
recycling facilities in areas closer to the source of used LABs, thereby reducing
transport costs and supply chain bottlenecks. On this basis, we believe that
it significantly reduces environmental emissions, health concerns and permitting
needs as compared with lead smelting. We believe that the combined advantages
offered by AquaRefining represent a potential step change in lead recycling
technology, one that can deliver advantages in economics, footprint and logistics
while greatly reducing the environmental impact of lead recycling.
The modular nature of AquaRefining makes it possible to start LAB recycling
at a much smaller scale than is possible with smelters, thereby significantly
reducing the investment risk associated with building a lead production facility.
Our plan is to actively explore distributed recycling in the US beginning with
our initial recycling operation near Reno, Nevada. This plan is based on our
belief that Reno has become a significant hub of the West Coast’s LAB
distribution infrastructure and yet is very poorly served by the LAB recycling
industry. From our initial recycling facility near Reno, we intend to expand
first throughout the US and then overseas. We seek to develop additional recycling
facilities, including facilities that we will own directly and facilities to
be developed in association with third parties through joint ventures, licensing
and direct sales.
The market for lead is global in scale but local in nature and execution, with
large differences in local regulation, custom and practice. In some regions,
it is highly regulated, and in others it is not. Consequently, we have developed
our business model to commercialize our technology optimally across multiple
countries.
In the US and similarly regulated countries, our plan is to build and operate
LAB recycling facilities, both directly and in association with third parties
through joint ventures, licensing and direct sales. As an example, on February
7, 2017, we entered into a series of agreements with Johnson Controls Inc.,
(Johnson Controls), pursuant to which, among other things, we agreed to work
with Johnson Controls on the development of a program for the installation of
new greenfield builds and conversion of Johnson Controls and certain strategic
partners of Johnson Controls’ existing lead smelters throughout North
America, China and Europe to a lead recycling process utilizing our proprietary
and patent-pending AquaRefining technology and equipment, know-how and services.
Through our relationships with Battery Systems Inc., Interstate Battery System
International, Inc., and Johnson Controls, we believe we are now able to pursue
our expansion of our directly-owned recycling facilities in the U.S. subject
to our receipt of necessary funding. Our plan is to locate our facilities close
to the regional supplies of used LABs that we have secured with these relationships.
Additionally, through the supply and off-take relationships that we have established
with Battery Systems, Inc., Interstate Battery and Johnson Controls, we believe
we are better positioned to acquire the necessary funding, including potential
forms of non-diluting financing, in order to finance our next facilities.
Lead recycling is subject to a variety of domestic and international regulations
related to hazardous materials, emissions, employee safety and other matters.
While our operations will be subject to these regulations, we believe that one
of our potential advantages will be our ability to conduct lead recycling operations
with less regulatory cost and burden than smelting operators. One of our key
objectives will be to educate regulators and the public as to the environmental
benefits of AquaRefining. We believe we have the potential to develop a business
model that offers both strong economics and the opportunity to conduct in a
socially responsible manner an important recycling activity that to date has
been conducted in an inefficient, energy intensive and often highly polluting
manner.
Company Address: 5370 Kietzke Lane, Suite 201 Reno 89511 NV
Company Phone Number: 446-4418 Stock Exchange / Ticker: NASDAQ AQMS
AQMS is expected to report next financial results on March 27, 2024. |
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Customers Net Income fell by |
AQMS's Customers Net Profit Margin fell to |
-65.28 % |
1.35 %
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Stock Performances by Major Competitors |
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Financing Agreement
Published Tue, Jan 30 2024 1:01 PM UTC
Aqua Metals Secures Tax Abatement to Boost Nevada's Clean Energy Economy RENO, Nev., Jan. 30, 2024 - Aqua Metals, Inc. (NASDAQ: AQMS), a pioneer in sustainable lithium-ion battery recycling, has recently received an economic incentive package of approximately $2.2 million from the Nevada Governor's Office of Economic Development (GOED). This significant support will assi...
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Aqua Metals Inc
The stock market is always full of surprises, and one company that has recently caught the attention of investors is Aqua Metals Inc. With disappointing financial results for the third quarter of 2023, the company is facing challenges. In this article, we will delve into the company's recent performance, the noticeable build-up in inventories, and the decline in accounts receivable. Financial Results and Revenue In the third quarter of 2023, Aqua Metals Inc reported a net shortfall of $-4.547 million. This figure represents a significant increase compared to the same period the previous year when the net shortfall stood at $-3.885 million. This is certainly a cause for concern for investors who had hoped for better results.
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Aqua Metals Inc
Aqua Metals Inc: Overcoming Challenges and Positioning for Growth Aqua Metals Inc, a leading provider of sustainable and efficient recycling solutions for the lead-acid battery market, recently released its financial results for the second quarter of 2023. While the company reported an extended deficit compared to the same period last year, there are several positive indicators that highlight its resilience and potential for future growth. Firstly, let's address the deficit. Aqua Metals Inc reported a deficit of $-0.06 per share for the second quarter of 2023, an increase from $-0.04 per share a year ago. Although not ideal, it is important to note that this increase is consistent with the previous reporting period, indicating stability in the company's financial performance. Furthermore, it is crucial to consider the challenging economic environment that Aqua Metals Inc has been operating in, which has undoubtedly affected its short-term financial results.
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Aqua Metals Inc
Aqua Metals Inc is a company that operates in the Miscellaneous Fabricated Products industry, which encompasses a broad range of products, including wire, tubing, nails, screws, and bolts. The company has been facing challenges over the past year, as it recorded a cumulative net loss of $-16 million during the 12 months ending in the first quarter of 2023, resulting in a negative return on equity of -70.14%. This indicates that the company has been unable to generate profits for its shareholders. In comparison to other companies within the Miscellaneous Fabricated Products industry, Aqua Metals Inc has fallen behind, as 18 other companies recorded a higher return on equity. However, the company's overall ranking has advanced in the quarter, improving from 3549 in the fourth quarter of 2022 to 1096.
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Per Share |
Current |
Earnings (TTM) |
-0.21 $ |
Revenues (TTM) |
0 $
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Cash Flow (TTM) |
0.16 $ |
Cash |
0.25 $
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Book Value |
0.35 $
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Dividend (TTM) |
0 $ |
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Per Share |
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Earnings (TTM) |
-0.21 $
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Revenues (TTM) |
0 $ |
Cash Flow (TTM) |
0.16 $ |
Cash |
0.25 $
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Book Value |
0.35 $ |
Dividend (TTM) |
0 $ |
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