AQMS Latest Report

Performance of this financial report

Aqua Metals (stock code: AQMS) recorded an operating revenue of -6682000 yuan at the end of 2024, showing a certain improvement trend compared to -10167000 yuan in 2023, although still in negative territory, indicating that the company faces ongoing challenges in operating revenue.

Key data in the financial report

1. The operating revenue in 2024 was -6682000 yuan, an improvement of 3485000 yuan from -10167000 yuan in 2023, indicating a reduction in losses.

2. The sales cost in 2024 was 1015000 yuan, a significant decrease from 1966000 yuan in 2023, indicating that the company has achieved certain results in cost control.

3. The R&D expenses in 2024 were 238000 yuan, a decrease from 382000 yuan in 2023, indicating the company's efforts in cost management.

4. Changes in the market environment may have affected the company's sales strategy, leading to an improvement in operating revenue.

Peer comparison

1. Industry overall analysis: The battery recycling and clean energy industry was driven by sustainable development concerns in 2024, although Aqua Metals' operating revenue was negative, other companies may be achieving growth, prompting Aqua Metals to adopt a more aggressive market strategy.

2. Peer evaluation analysis: Aqua Metals' operating revenue performance is significantly lower than the industry average, with insufficient market competitiveness, peers perform better in technological innovation and market expansion, which may put pressure on AQMS' market share and revenue.

Summary

Although Aqua Metals' operating revenue was still negative in 2024, it has improved compared to 2023, mainly due to the reduction in sales costs and improvement in cost management. However, the industry is highly competitive, and Aqua Metals needs to continuously promote market strategies and technological innovations to enhance its market position and profitability.

Opportunities

1. By advancing the Sierra AquaRefining™ Campus (ARC) project, Aqua Metals is expected to enhance its lithium battery recycling capabilities, thereby improving operating revenue.

2. The strategic cooperation with 6K Energy may enhance the company's market competitiveness and technological capabilities, providing support for business expansion.

3. The growing market size of the battery recycling industry provides new market opportunities for Aqua Metals.

Risks

1. Aqua Metals' operating revenue is still negative, and continuous losses may affect the company's financial stability.

2. Intensified competition in the industry, with peers' operating revenue performance significantly better than AQMS, may lead to further compression of market share.

3. Changes in the market environment and technological advancements may affect the company's existing business model and profitability.