Aqua Metals, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 30, 2021 at 01:37 am IST
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Aqua Metals, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced operating loss was USD 4.443 million compared to USD 3.768 million a year ago. Net loss was USD 8.016 million compared to USD 3.983 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.07 a year ago. For the half year, operating loss was USD 8.642 million compared to USD 7.831 million a year ago. Net loss was USD 12.102 million compared to USD 8.410 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.14 a year ago.
Aqua Metals, Inc. is engaged in the business of recycling metals. The Company is reinventing metals recycling with its patented AquaRefining technology. It provides sustainable recycling solution for materials strategic to energy storage and electric vehicle manufacturing supply chains. The Companyâs AquaRefining technology is a low-emissions, closed-loop recycling technology that replaces polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries with higher purity, lower emissions, and minimal waste. AquaRefining is designed to deliver raw materials back into the manufacturing supply chain and replaces the need for polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries with higher purity, lower emissions, and minimal waste. AquaRefining process produces purity metals and alloys.