Li-Cycle Reports Second Quarter 2024 Operational and Financial Results, Including Record Quarterly Revenue
Li-Cycle Holdings Corp. (LICY)
Company Research
Source: Business Wire
HighlightsContinued to work closely with U.S. Department of Energy (“DOE”) on key technical, financial and legal workstreams to advance towards definitive financing documentation for a loan for gross proceeds of up to $375 million;Largest customer source of revenue in 1H 2024 was a leading U.S.-headquartered vertically integrated EV and battery manufacturer with a substantial global EV market share;Record quarterly revenue of $8.4 million, representing a 133% year-over-year increase;Selling, general & administrative ("SGA") expenses decreased 39% year-over-year to $15.3 million, mainly due to the Company's cost reduction initiatives;Exploring financing and strategic options to increase near-term liquidity;Advanced go-forward strategy for Rochester Hub project execution plan for proposed mixed hydroxide precipitate (“MHP”) scope, and refined cost estimates with the local market; andContinuing to review and optimize Spoke network, including transitioning the Ontario Spoke from operation
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LICY
Earnings
- 11/13/23 - Miss
LICY
Sec Filings
- 9/17/24 - Form 4
- 9/10/24 - Form DEFA14A
- 9/3/24 - Form 4
- LICY's page on the SEC website