Extremely Informative Stock: Aqua Metals, Inc. (NASDAQ:AQMS)

Aqua Metals, Inc. (NASDAQ:AQMS) stock opened at the value of $1.8600, making it a 52 week high for the given period, the value of the stock by -57.30% After the decrease, AQMS touched a low price of $1.8500, calling it a day with a closing price of 1.8500.The stock price switched 7.15% 20-Days Simple Moving Average, 6.74% from 50-Days Simple Moving Average and -19.08% from 200 Days Simple Moving Average.

Aqua Metals, Inc. (AQMS) recently reported financial and operational results for its 2nd quarter ended June 30, 2k19.  “I am very happy with our operational progress as we continue to ramp production and reduce cash outflows, including our achievement of record production for the quarter,” stated Steve Cotton, President and Chief Executive Officer. “This progress has been achieved through the combination of our patented AquaRefining modules running within design specifications and the continued optimization of our front-end concentrate production processes which have enabled us to achieve near continuous production of concentrate to the AquaRefining modules at improved costs.”

2nd quarter 2k19 Financial Results

During the quarter ended June 30, 2k19, the Company recognized revenue of $1.5M, a gain of 207% contrast to $0.5M in the 2nd quarter of 2k18. Product sales consisted of high-purity lead from the AquaRefining process Because of the ramping of production as well as lead bullion, lead compounds and plastics.

Cost of product sales increased by about 56% in the quarter to $7.2M from $4.6M.  Our costs related to revenue generation reduced by 52%.  In addition to raw materials and supplies related to increased production contrast to the previous year period, costs included the hiring of 25 new production employees in preparation for ramping up operations.

General and administrative expenses for the 2nd quarter of 2k19 were $4.3M, contrast to $3.9M in the 2nd quarter of 2k18.  This included several non-cash expense items, comprised of $0.9M of expense related to the Veolia contract for operations, maintenance and management services, $1.7M for the recognition of non-cash Veolia contract warrant expense, and $0.9M in non-cash stock-based compensation. These expenses were partially offset by $0.7M non-cash credits.

For the quarter ended June 30, 2k19, the Company had an operating loss of $10.4M contrast to an operating loss of $9.2M for the 2nd quarter of 2k18. The net loss for the 2nd quarter of 2k19 was $10.5M, or ($0.21) per diluted share, contrast to a net loss of $9.9M, or ($0.33) per diluted share, in the 2nd quarter of 2k18. The net loss for the 2nd quarter of 2k19 included $2.9M of non-cash items including the $0.9M in stock-based compensation and $2.7M of expense related to the Veolia contract. Not Including the impact of the Veolia non-cash compensation, the Company’s adjusted net loss(1)  was $7.8M or ($0.16) per basic and diluted share. Weighted average shares outstanding for the quarter was 50.8M.

For the six months ended June 30, 2k19, the Company recognized revenue of $1.9M (inclusive of pure AquaRefined lead) and had an operating loss of $19.3M contrast to $2.2M of revenue (with no AquaRefined lead) and an operating loss of $16.2M in the previous year period. The net loss for the first six months of 2k19 was $22.2M, or ($0.47) per diluted share, contrast to a net loss of $17.5M, or ($0.59) per diluted share for the first six months of 2k18.  Non-cash expenses for the first six months of 2k19 totaled $4.7M.

The stock market spoke loud and clear to stockholder’s as saw more than 241,293 shares in trading volumes in the last trading session, way an average trading volume of 490,698 shares by far recorded in the movement of AQMS. The average true range of the stock is observed at 0.12 and the relative strength index of the stock is recorded at 59.87.

Leave a Reply

Your email address will not be published. Required fields are marked *