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Arq Inc (ARQ)
NASDAQ:ARQ
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.02Last Year’s EPS
$0.1Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 10.80%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance and successful execution of strategic initiatives, particularly in the PAC and GAC segments. Despite challenges with the equity raise and increased R&D costs, the company demonstrated significant progress and future growth potential, leaving a positive outlook.Company Guidance
During the third quarter of 2024, ARQ reported robust financial performance, with revenue growing by 17% year-over-year to approximately $34.8 million, driven by a 15% increase in average selling prices and a 5% rise in consumable volumes. The company achieved a gross margin of about 39%, an improvement of 800 basis points from the previous year. Adjusted EBITDA reached approximately $5.1 million, a significant increase from $800,000 in the prior year, while net income improved to $1.6 million from a net loss of $2.2 million in Q3 2023. ARQ is on track with their Granular Activated Carbon (GAC) expansion at Red River, with approximately 60% of the 25 million pound annual capacity contracted and plans to reach full run rate production by the end of Q1 2025. The company raised around $44 million through equity offerings, increasing their market capitalization to approximately $250 million, and ended the quarter with $57.4 million in cash. The guidance highlighted continued optimization of the PAC business, progress in GAC contracting, and ongoing capital management strategies.PAC Business Turnaround
Sales prices for the PAC business in Q3 2024 were 15% higher than the same quarter last year. Gross margins improved by approximately 800 basis points year-over-year to 39%.
GAC Growth and Contracting Success
Contracted for approximately 15 million pounds of annual GAC product, approximately 60% of the 25 million pound nameplate capacity, with advanced negotiations for the remaining capacity.
Strong Financial Performance
Record PAC operating revenue of approximately $35 million and adjusted EBITDA of approximately $5 million, exceeding forecasts.
Capital Position and Funding Initiatives
Raised approximately $44 million of total capital via strategic equity raises in May and September, improving market capitalization nearly 5-fold to approximately $250 million.
Future Expansion Plans
Potential to increase Red River's capacity by 10% to 20% over its 25 million pound target with no additional CapEx required.
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ARQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $6.02 | $6.72 | +11.63% |
| Aug 12, 2024 | $5.64 | $5.90 | +4.61% |
| May 08, 2024 | $8.02 | $7.60 | -5.24% |
| Mar 12, 2024 | $3.47 | $5.09 | +46.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Arq Inc (ARQ) report earnings?
Arq Inc (ARQ) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Arq Inc (ARQ) earnings time?
Arq Inc (ARQ) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARQ EPS forecast?
ARQ EPS forecast for the fiscal quarter 2024 (Q4) is -$0.02.
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