American Battery Technology (NASDAQ:ABAT) Announces Earnings Results

American Battery Technology (NASDAQ:ABAT) released its quarterly earnings results on Thursday. The company reported ($0.07) EPS for the quarter, FiscalAI reports. American Battery Technology had a negative net margin of 902.69% and a negative return on equity of 59.93%. The company had revenue of $4.76 million for the quarter.

Here are the key takeaways from American Battery Technology’s conference call:

• ABTC reported record quarterly product sales of $4.8 million plus $300k interest (total $5.1 million), and said recycling revenue now roughly matches cash operating costs as the plant approaches cash break-even.
• The company ended the quarter with about $48 million in cash and has paid off remaining debt/convertible notes, leaving ABTC with zero debt to support expansion.
• Operational momentum: ABTC received a rare CERCLA certification, is receiving substantial feed from the Moss Landing EPA cleanup and other BESS/automotive sources, and is moving forward with design/construction of a second recycling facility in the U.S. Southeast.
• The Tonopah Flats PFS models a 30,000 tpy lithium‑hydroxide facility with a 45‑year mine life, an after‑tax NPV of ~8% and production costs around $4,300/ton; the project is a FAST‑41 priority and ABTC is completing a definitive feasibility study to reach bankable status.
• On a GAAP/all‑in basis the quarter still included non‑cash charges (depreciation and stock‑based compensation) so total expenses (~$6.4 million) exceeded revenue, meaning the company is not yet profitable on an all‑in basis and will require financing/offtake agreements for the mine/refinery build‑out.

American Battery Technology Trading Down 12.6%

Shares of ABAT stock traded down $0.51 during trading on Thursday, reaching $3.53. 6,284,599 shares of the company’s stock traded hands, compared to its average volume of 7,582,201. American Battery Technology has a 1 year low of $0.86 and a 1 year high of $11.49. The company has a market capitalization of $458.79 million, a P/E ratio of -6.92 and a beta of -1.34. The firm’s 50-day moving average is $4.20 and its 200 day moving average is $3.95.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ABAT. Wall Street Zen lowered shares of American Battery Technology from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of American Battery Technology in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Insider Buying and Selling

In related news, insider Scott Jolcover sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $3.88, for a total value of $67,900.00. Following the sale, the insider directly owned 321,424 shares of the company’s stock, valued at $1,247,125.12. This trade represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Steven Wu sold 12,333 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $4.05, for a total transaction of $49,948.65. Following the completion of the transaction, the chief operating officer directly owned 286,236 shares of the company’s stock, valued at approximately $1,159,255.80. The trade was a 4.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On American Battery Technology

Several large investors have recently bought and sold shares of ABAT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of American Battery Technology in the 1st quarter worth $58,000. Goldman Sachs Group Inc. purchased a new position in American Battery Technology during the 1st quarter valued at $27,000. ProShare Advisors LLC bought a new stake in shares of American Battery Technology during the second quarter valued at approximately $27,000. Geode Capital Management LLC boosted its stake in shares of American Battery Technology by 113.8% during the second quarter. Geode Capital Management LLC now owns 1,935,526 shares of the company’s stock valued at $3,136,000 after purchasing an additional 1,030,323 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of American Battery Technology in the 2nd quarter worth $36,000. 9.88% of the stock is currently owned by institutional investors.

About American Battery Technology

American Battery Technology Company (NASDAQ: ABAT) is a U.S.-based company focused on developing domestic supply chain solutions for critical battery metals. The company’s core activities span from exploration and extraction of lithium resources to the design and operation of recycling facilities targeted at end-of-life batteries and manufacturing scrap. By integrating upstream resource development with downstream recycling, ABAT aims to create a closed-loop system that bolsters North American battery manufacturing.

On the resource side, American Battery Technology holds lithium claystone claims in Nevada’s Clayton Valley and is advancing a pilot direct-extraction facility designed to recover lithium and other valuable metals from brines.