Aqua Metals (NASDAQ:AQMS) Posts Quarterly Earnings Results

Aqua Metals (NASDAQ:AQMS) posted its quarterly earnings data on Thursday. The business services provider reported ($1.31) earnings per share (EPS) for the quarter, Zacks reports.

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

• Aqua Metals is advancing its phased Headwaters ARC commercialization plan, beginning with proven mechanical preprocessing for LFP materials and later adding AquaRefining to produce lithium carbonate, iron phosphate, and graphite. Management said the approach is intended to accelerate revenue while reducing capital and technology risk.
• The company is completing diligence on a Midwest site with approximately 150,000 square feet of industrial space and more than 50 acres near six LFP gigafactory projects. Full-campus plans call for approximately 20,000 tons per year of processing capacity, although the project remains subject to financing, permitting, and commercial agreements.
• Management expects several milestones in the second half of 2026, including securing site control, selecting a Phase 1 equipment partner, advancing feedstock and offtake contracts, arranging project-level financing, and moving toward a final investment decision. The company said it will not provide detailed project economics until that decision.
• Aqua Metals ended the quarter with approximately $4.7 million in cash, used about $6.5 million in operating cash during the first half, and raised $581,000 through its ATM in the second quarter. The company remains debt-free but acknowledged prior equity issuance and plans to use corporate equity sparingly, implying continued dilution risk while project financing is arranged.
• The company reported a second-quarter net loss of approximately $4.5 million and recorded an additional $2.1 million non-cash credit-loss provision related to Lion Energy. The allowance now covers about 60% of the approximately $4.2 million gross receivable balance, while Aqua Metals continues pursuing recovery.

Aqua Metals Trading Up 4.0%

Shares of AQMS traded up $0.11 during mid-day trading on Thursday, reaching $2.86. The company’s stock had a trading volume of 29,138 shares, compared to its average volume of 167,362. Aqua Metals has a 52 week low of $2.51 and a 52 week high of $39.40. The stock has a market cap of $10.15 million, a PE ratio of -0.26 and a beta of 0.29. The company’s fifty day moving average price is $3.17 and its two-hundred day moving average price is $4.17.

Hedge Funds Weigh In On Aqua Metals

Large investors have recently added to or reduced their stakes in the business. Stifel Financial Corp bought a new position in shares of Aqua Metals during the fourth quarter valued at about $269,000. Geode Capital Management LLC bought a new stake in shares of Aqua Metals in the 4th quarter valued at about $129,000. Schonfeld Strategic Advisors LLC purchased a new stake in Aqua Metals during the 3rd quarter valued at about $82,000. Price T Rowe Associates Inc. MD purchased a new stake in Aqua Metals during the 4th quarter valued at about $77,000. Finally, Quadrature Capital Ltd bought a new position in Aqua Metals during the 4th quarter worth approximately $61,000. Hedge funds and other institutional investors own 21.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AQMS shares. Benchmark restated a “speculative buy” rating on shares of Aqua Metals in a research report on Friday, June 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Aqua Metals in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Aqua Metals currently has an average rating of “Hold”.

Aqua Metals Company Profile

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.