Aqua Metals, Inc.AQMS
What Aqua Metals, Inc. does.
Aqua Metals was incorporated in Delaware on June 20, 2014, to develop and commercialize metals recycling technologies based on its proprietary AquaRefining process. In 2015, the Company developed its initial AquaRefining technology for lead-acid battery recycling, and between 2017 and 2019 operated a demonstration facility that achieved sustained production of recycled lead using a smelterless process.
In 2021, the Company expanded its focus to lithium-ion battery recycling following the development of intellectual property applicable to lithium battery materials. The Company established its Innovation Center in the Tahoe-Reno Industrial Center (“TRIC”) to support research, development, and pilot-scale operations.
During 2022 and 2023, Aqua Metals demonstrated bench-scale and pilot-scale recovery of lithium, nickel, cobalt, copper, and manganese from lithium-ion battery black mass. The Company constructed and commissioned an integrated pilot system at its Innovation Center and began operating the system using an electricity-based process rather than high-temperature furnaces or conventional chemical refining methods.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $108,000 | $173,000 | $4,000 | $25,000 | $0 | — |
| Net income | -$25.8M | -$18.2M | -$15.4M | -$23.9M | -$24.6M | -$22.6M |
| Free cash flow | -$14.4M | -$9.4M | -$14.9M | -$8.8M | -$21.6M | -$10.7M |
More on AQMS.
- Aqua Metals, Inc. summary
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- Aqua Metals, Inc. earnings
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- Aqua Metals, Inc. ownership and insiders
- Aqua Metals, Inc. peers
Figures from Aqua Metals, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.