Aqua Metals, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 03, 2022 at 04:06 pm EDT
Share
Aqua Metals, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net loss was USD 3.89 million compared to USD 1.39 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.02 a year ago.
For the nine months, net loss was USD 11.46 million compared to USD 13.49 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.2 a year ago.
Aqua Metals, Inc. is engaged in the business of recycling metals. The Company is reinventing metals recycling with its patented AquaRefining technology. It provides sustainable recycling solution for materials strategic to energy storage and electric vehicle manufacturing supply chains. The Companyâs AquaRefining technology is a low-emissions, closed-loop recycling technology that replaces polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries with higher purity, lower emissions, and minimal waste. AquaRefining is designed to deliver raw materials back into the manufacturing supply chain and replaces the need for polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries with higher purity, lower emissions, and minimal waste. AquaRefining process produces purity metals and alloys.