10-Q - AMERICAN BATTERY TECHNOLOGY Co (0001576873) (Filer)

Thu, May 15, 8:55 PM (32 days ago)

**American Battery Technology Company (ABAT) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** ABAT reported $1.0 million in revenue for Q1 2025, a significant increase from the previous quarter, driven by the sale of recycled battery materials. - **Profit Margins:** The company incurred a gross loss of $2.7 million, with high costs of goods sold ($3.7 million) due to depreciation and labor costs. - **Cash Flow:** ABAT used $23.1 million in cash for operating activities, reflecting increased scale of operations and administrative costs. - **Earnings Changes:** The net loss for Q1 2025 was $11.5 million, compared to $10.0 million in Q1 2024. **Key Metrics and Trends:** - **Operating Expenses:** Total operating expenses were $8.0 million, with general and administrative expenses at $3.7 million and research and development at $3.3 million. - **Government Grants:** The company received $2.0 million in grant reimbursements, partially offsetting research and development costs. - **Liquidity:** As of March 31, 2025, ABAT had $7.8 million in cash, with $2.8 million available and $5.0 million restricted. **Future Operations and Uncertainties:** - **Capital Raising:** ABAT plans to continue raising capital through equity and debt financing to support operations and expansion. - **Regulatory Risks:** The company faces uncertainties related to government grants and regulatory changes, which could impact future operations. - **Market Risks:** ABAT is subject to market risks, including fluctuations in commodity prices and changes in demand for battery materials. **Management's Outlook:** - **Growth Strategy:** ABAT aims to scale production and sales, improve operational efficiencies, and secure additional government grants and tax credits. - **Financial Covenants:** The company must maintain financial covenants under existing debt agreements, with potential dilution of ownership interests if additional equity is raised. **Ticker:** ABAT