Welcome to our dedicated page for Arq news (Ticker: $ARQ), a resource for investors and traders seeking the latest updates and insights on Arq stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Arq's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Arq's position in the market.
Arq, Inc. (NASDAQ: ARQ) reported strong Q1 2024 results with $21.7 million in revenue, up 4% YoY, despite a 6% volume reduction. Gross margin improved to 37%, Net loss reduced to $3.4 million, and Adjusted EBITDA loss decreased to $1.1 million. The Company achieved a strategic milestone with the first GAC contract and remains on track for Red River expansion. The EPA's new water regulations are expected to drive demand for Arq's products. Capex forecast for 2024 increased to $60-70 million due to Red River expansion.
Arq, Inc. announced its first supply contract for Granular Activated Carbon (GAC) product, reflecting 5 million pounds/year with delivery starting in Q1 2025. The agreement with a North American solutions provider marks a critical milestone in the company's strategic transformation. The contract pricing is attractive, representing a multiple of the average PAC pricing, boosting confidence in Arq's strategy. Ongoing discussions with potential customers indicate further growth opportunities.
