Q3 2026 American Battery Technology Co Earnings Call Transcript
Key Points
- American Battery Technology Co (ABAT) achieved record-breaking revenue of $7.8 million in the past quarter, marking a 64% increase from the previous quarter.
- The company reported its first positive gross margin, a significant milestone for a startup, with adjusted gross margin reaching $2 million for the quarter.
- ABAT maintains a strong financial position with a healthy cash balance of $38.5 million and no debt, providing a solid foundation for future growth.
- The company is expanding its operations by constructing a second critical mineral recycling facility in the southeast U.S., indicating growth and increased capacity.
- ABAT's Tonopuff Flats lithium project is progressing with streamlined federal permitting, enhancing the project's development timeline and potential.
- Despite revenue growth, the cost of goods sold remains high at $17.9 million for the fiscal year to date, impacting overall profitability.
- The company has not yet achieved adjusted gross margin positive operations for the full fiscal year, indicating ongoing financial challenges.
- ABAT's reliance on government agencies for funding specific projects may pose risks if such support diminishes or is delayed.
- The issuance of company shares as part of employee compensation could lead to potential dilution of existing shareholders' equity.
- Operational costs, although reduced on a cash basis, remain a concern as the company scales its recycling facility and other projects.
Good afternoon. I'm Tiffany Moring, and I'm the Director of Communications and Marketing at the American Battery Technology Company.
I would like to welcome everyone to our fiscal year third quarter 2026 earnings call.
On behalf of the entire team at American Battery Technology Company, I would like to sincerely thank everyone for taking the time to join our call today.
Following this presentation, a recording of this call, along with our press release. Will be available on our website.
This presentation does include forward-looking statements within the meeting of the Safe Harbor provisions of the U.S. Private Securities and Litigations 1995 Act. These statements are subject to risks and uncertainties that can cause actual results to differ from those anticipated. Additional information regarding the factors that may cause actual results to differ can be found in our annual filings.
On today's call, our CEO and CTO, Ryan Meltzer, will provide remarks regarding our two
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