American Battery Technology (NASDAQ:ABAT) Announces Quarterly Earnings Results

American Battery Technology (NASDAQ:ABAT) announced its quarterly earnings results on Thursday. The company reported ($0.07) EPS for the quarter, FiscalAI reports. The firm had revenue of $4.76 million during the quarter. American Battery Technology had a negative net margin of 902.69% and a negative return on equity of 59.93%.

Here are the key takeaways from American Battery Technology’s conference call:

• ABTC reported record quarterly product sales of $4.8 million plus $300k interest (total $5.1 million), and said recycling revenue now roughly matches cash operating costs as the plant approaches cash break-even.
• The company ended the quarter with about $48 million in cash and has paid off remaining debt/convertible notes, leaving ABTC with zero debt to support expansion.
• Operational momentum: ABTC received a rare CERCLA certification, is receiving substantial feed from the Moss Landing EPA cleanup and other BESS/automotive sources, and is moving forward with design/construction of a second recycling facility in the U.S. Southeast.
• The Tonopah Flats PFS models a 30,000 tpy lithium‑hydroxide facility with a 45‑year mine life, an after‑tax NPV of ~8% and production costs around $4,300/ton; the project is a FAST‑41 priority and ABTC is completing a definitive feasibility study to reach bankable status.
• On a GAAP/all‑in basis the quarter still included non‑cash charges (depreciation and stock‑based compensation) so total expenses (~$6.4 million) exceeded revenue, meaning the company is not yet profitable on an all‑in basis and will require financing/offtake agreements for the mine/refinery build‑out.

American Battery Technology Stock Performance

Shares of NASDAQ ABAT opened at $3.53 on Friday. American Battery Technology has a 1 year low of $0.86 and a 1 year high of $11.49. The firm has a market cap of $458.79 million, a P/E ratio of -6.92 and a beta of -1.34. The stock has a fifty day moving average price of $4.20 and a two-hundred day moving average price of $3.95.

Insider Buying and Selling at American Battery Technology

In related news, COO Steven Wu sold 12,333 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $4.05, for a total transaction of $49,948.65. Following the completion of the transaction, the chief operating officer owned 286,236 shares of the company’s stock, valued at $1,159,255.80. This trade represents a 4.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Scott Jolcover sold 17,500 shares of American Battery Technology stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $3.88, for a total value of $67,900.00. Following the transaction, the insider directly owned 321,424 shares in the company, valued at approximately $1,247,125.12. The trade was a 5.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of American Battery Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elyxium Wealth LLC acquired a new position in American Battery Technology in the fourth quarter worth approximately $25,000. ProShare Advisors LLC acquired a new position in shares of American Battery Technology in the 2nd quarter worth $27,000. Goldman Sachs Group Inc. acquired a new stake in shares of American Battery Technology during the first quarter worth $27,000. Creative Planning boosted its position in shares of American Battery Technology by 35.8% in the 2nd quarter. Creative Planning now owns 18,958 shares of the company’s stock valued at $31,000 after purchasing an additional 5,000 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in shares of American Battery Technology in the 2nd quarter valued at $36,000. 9.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on ABAT shares. Wall Street Zen cut American Battery Technology from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of American Battery Technology in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, American Battery Technology currently has an average rating of “Sell”.

American Battery Technology Company Profile

American Battery Technology Company (NASDAQ: ABAT) is a U.S.-based company focused on developing domestic supply chain solutions for critical battery metals. The company’s core activities span from exploration and extraction of lithium resources to the design and operation of recycling facilities targeted at end-of-life batteries and manufacturing scrap. By integrating upstream resource development with downstream recycling, ABAT aims to create a closed-loop system that bolsters North American battery manufacturing.

On the resource side, American Battery Technology holds lithium claystone claims in Nevada’s Clayton Valley and is advancing a pilot direct-extraction facility designed to recover lithium and other valuable metals from brines.