AQUA METALS INC (AQMS)
NASDAQIndustrialsWaste ManagementSnapshot 2026-09-04
$3.00+3.81%
Close 2026-09-04 · 1-day change
NASDAQIndustrialsWaste ManagementSnapshot 2026-09-04
QuarterlyIQ Insights · AQMS
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Execute phased plan to establish domestic processing capacity for LFP battery materials, progressing site selection, equipment partner, feedstock agreements, and capital formation.
Stated as a priority in 2 of last 2 quarters. Management emphasized advancing Headwaters ARC commercialization through site diligence, equipment partner selection, feedstock agreements, and capital formation. Financials show ongoing operating losses and negative cash flow, consistent with early-stage commercialization. The trajectory is advancing with clear milestones but no revenue yet, reflecting phased execution.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated weak grew net income 53% of the time over the next year (vs 58% for the rest of the cohort, n=6963).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Advances phased commercialization plan for Headwaters ARC, focusing on site, equipment, feedstock, capital formation.”
“Continued executing structured path toward first commercial lithium battery recycling facility, advancing site selection and engineering.”
Continue technical validation at Innovation Center and demonstration plant, advancing battery-grade product development and expanding platform capabilities.
Stated as a priority in 2 of last 2 quarters. Management reports over 5,000 cumulative operating hours at Innovation Center supporting technical validation and product development. No revenue yet but technical milestones achieved. The trajectory shows steady progress in technology validation consistent with management statements.
“Continued operating Innovation Center and demonstration plant with over 5,000 hours to validate commercial process flows and product development.”
“Innovation Center achieved over 5,000 cumulative operating hours, battery-grade lithium carbonate produced with independent validation.”
Deploy capital in step with commercial milestones, advance project financing, and preserve cash amid ongoing operating losses.
Stated as a priority in 2 of last 2 quarters. Management emphasizes capital discipline and funding commercialization milestones in step with progress. Financials show operating losses of $4.14M in 2026-Q1 and $4.48M in 2026-Q2 with negative cash flow, consistent with early-stage investment and disciplined capital deployment. The trajectory reflects ongoing investment with controlled capital use.
“Entered this phase debt-free and intend to deploy capital in step with commercial milestones.”
“Focused on capital efficiency, prioritizing engineering, permitting, and commercial alignment ahead of larger-scale expenditures.”
Aqua Metals aims to complete the acquisition of Lion Energy to enhance its strategic position.
Focus on improving financial performance by reducing net losses and operating expenses.
Over the trailing year it converted 0.58x of net income into operating cash flow.
Not enough signal yet.
Not enough signal to read sensitivity to the broad stock market, the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
18 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Industrials names rated neutral grew net income 58% of the time over the next year (vs 56% for the rest of the cohort, n=3431).
Not investment advice. As of 2026-09-04.