American Battery shares surge 15.44% intraday after reporting record 1,300% YoY revenue growth and operational efficiency gains.

American Battery Technology (ABAT) surged 15.44% intraday following the announcement of record-breaking Q2 fiscal 2026 results, including a 1,300% year-over-year revenue increase and a 24% reduction in operating expenses. The company reported that combined revenue and interest income exceeded cash cost of goods sold for the first time, marking a key cash flow milestone. Additionally, the hiring of a seasoned CFO with expertise in DOE-backed financing bolstered investor confidence in the company’s operational and financial strategy. These developments highlighted ABAT’s progress in scaling manufacturing operations and streamlining efficiencies, aligning with the stock’s sharp intraday rally.