Li-Cycle Holdings (LICY) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Li-Cycle Holdings reports a significant year-over-year increase in quarterly revenue, achieving a record $8.4 million, alongside a 39% reduction in SGA expenses due to cost-cutting measures. The company is progressing towards a loan agreement with the U.S. Department of Energy for up to $375 million and is implementing strategic changes, including the closure of its Ontario Spoke.
For further insights into LICY stock, check out TipRanks’ Stock Analysis page.
