Quarterly ResultMay 15, 2026, 04:28 PM
American Battery Materials Q1 Net Loss Widens to $4.23M
AI Summary
American Battery Materials, Inc. reported a significant net loss of $4.23 million for the first quarter of 2026, a substantial increase from $0.40 million in the same period last year. This contributed to an accumulated deficit of $35.18 million and a working capital deficit of $12.06 million as of March 31, 2026. The company's ability to continue as a going concern is in substantial doubt, dependent on securing additional financing.
Key Highlights
- Net loss for Q1 2026 widened to $4.23 million, compared to $0.40 million in Q1 2025.
- Net loss per share was $(1.20) in Q1 2026, up from $(0.16) in Q1 2025.
- Accumulated deficit reached $35.18 million and working capital deficit $12.06 million as of March 31, 2026.
- Total current liabilities increased to $12.21 million from $10.69 million at December 31, 2025.
- Cash balance increased to $32,281 as of March 31, 2026, from $3,480 at December 31, 2025.
- Company reported a $1.05 million loss on extinguishment of debt and $2.57 million for stock issued for note modification in Q1 2026.
- Management expressed substantial doubt about the company's ability to continue as a going concern.
Price Impact
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