American Battery Technology Company (ABAT) Q1 2027 earnings summary

Executive summary

• Revenue increased 83% YoY to $1.7M, while net loss widened to $14.6M amid a $3.3M inventory write-down, higher operating expenses, and black mass export restrictions.

• Export authorization and acceptance of the Tonopah Flats Plan of Operations marked important developments; revenue recovery depends on processing accumulated inventory and converting finished goods into sales.

Financial highlights

• Q1 FY27 revenue was $1.7M vs. $0.9M YoY; cost of goods sold was $5.4M vs. $4.5M, resulting in gross loss of $3.6M vs. $3.5M.

• Operating expenses rose 72% YoY to $11.4M; net loss was $14.6M vs. $10.3M, and basic and diluted loss per share was $0.10 vs. $0.09.

• Adjusted for depreciation and stock-based compensation, cash cost of goods sold was $4.3M vs. $3.3M; adjusted gross loss was $2.6M vs. $2.4M.

Outlook and guidance

• Management expects cash and cash equivalents, plus anticipated product revenue, to fund operations for at least 12 months from the financial statements' issuance date.

• Export approval is expected to support revenue recovery beginning in Q2; timing and scale depend on processing accumulated feedstock, customer demand, and finished-goods sales.

• Operations beyond internally generated cash and awarded grants and tax credits may require equity, debt, or other financing; availability and terms are uncertain, and equity issuance would dilute shareholders.