Arq Reports Fourth Quarter & Full Year 2023 Results
Arq, Inc. (ARQ)
Company Research
Source: GlobeNewswire
Q4 2023 revenues from foundational Powder Activated Carbon business increase 20% YoY while gross margin improves to 50%, generating Adjusted EBITDA of $7.2 million and Net Income of $3.3 million, while Granular Activated Carbon growth business remains on schedule for commissioning by Q4 2024 GREENWOOD VILLAGE, Colo., March 12, 2024 (GLOBE NEWSWIRE) -- Arq, Inc. (NASDAQ: ARQ) (the "Company" or "Arq"), a producer of activated carbon and other environmentally efficient carbon products for use in purification and sustainable materials, today announced its financial and operating results for the fourth quarter and full year ended December 31, 2023. Financial Highlights Achieved positive net income of $3.3 million in Q4 2023, reflecting the first positive net income quarter since Q4 2021.Increased revenue to $28.1 million in Q4 2023, reflecting growth of 20% over the prior year period, driven by higher average selling prices, positive changes in product mix and $4.7 million of take-or-
Show less
Read more
Impact Snapshot
Event Time:
ARQ
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ARQ alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ARQ alerts
High impacting Arq, Inc. news events
Weekly update
A roundup of the hottest topics
ARQ
News
- Arq Announces First Supply Contract for its Strategic Granular Activated Carbon (GAC) Facility [Yahoo! Finance]Yahoo! Finance
- Arq Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Arq Reports First Quarter 2024 ResultsGlobeNewswire
- Arq Announces First Supply Contract for its Strategic Granular Activated Carbon (GAC) FacilityGlobeNewswire
- Is Arq, Inc. (ARQ) Outperforming Other Business Services Stocks This Year? [Yahoo! Finance]Yahoo! Finance
ARQ
Earnings
- 5/8/24 - Miss
ARQ
Analyst Actions
- 3/14/24 - TheStreet
ARQ
Sec Filings
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 5/2/24 - Form 3
- ARQ's page on the SEC website