| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 16.52 | 4.08 | 10.81 | 4.74 |
| Receivables | 0.07 | — | — | 0.02 |
| Inventory | 0.93 | 0.25 | 0.24 | 0.24 |
| Other | — | — | — | — |
| 18.30 | 4.64 | 13.41 | 6.88 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 1.84 | 1.23 | 0.55 | 0.39 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 4.61 | 8.18 | 4.43 | 2.83 |
| 10y | 5y | 3y | |
| Sales | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’23 | — | — | 0.03 | — |
0.03
|
| ’22 | — | 0.00 | — | — |
0.00
|
| ’21 | — | — | — | 0.17 |
0.17
|
| ’20 | 0.02 | — | 0.09 | — |
0.11
|
| ’19 | 0.44 | 1.48 | 2.36 | 0.59 |
4.87
|
| ’18 | 1.73 | 0.48 | 1.17 | 1.07 |
4.45
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (3.84) | (2.63) | — | — |
—
|
| ’25 | (2.75) | (2.55) | (2.35) | (2.60) |
(10.25)
|
| ’24 | (4.25) | (7.39) | 0.00 | (1.99) |
(13.63)
|
| ’23 | (2.86) | 8.34 | (3.25) | (5.41) |
(3.19)
|
| ’22 | (3.40) | (2.53) | (2.73) | (1.48) |
(10.15)
|
| ’21 | (2.16) | (2.78) | 1.19 | (3.31) |
(7.06)
|
| ’20 | (4.26) | (4.06) | (0.67) | (2.04) |
(11.03)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (3.84) | (2.63) | — | — |
—
|
| ’25 | (3.04) | 1.67 | (2.31) | (2.61) |
(6.30)
|
| ’24 | (6.99) | (12.09) | 0.00 | (2.46) |
(21.53)
|
| ’23 | (8.05) | 8.09 | (3.89) | (4.87) |
(8.72)
|
| ’22 | (2.52) | (3.25) | (3.76) | (3.63) |
(13.16)
|
| ’21 | (2.62) | (3.26) | 0.73 | (3.99) |
(9.14)
|
| ’20 | (5.82) | (4.74) | (1.28) | (2.39) |
(14.23)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (1.22) | (1.31) | — | — |
—
|
| ’25 | (10.30) | (7.44) | (2.19) | — |
(15.15)
|
| ’24 | (10.00) | (10.00) | (7.60) | (10.60) |
(38.30)
|
| ’23 | (12.00) | (12.00) | (8.00) | (20.00) |
(50.00)
|
| ’22 | (12.00) | (8.00) | (10.00) | (10.00) |
(40.00)
|
| ’21 | (12.00) | (24.00) | (4.00) | (12.00) |
(52.00)
|
| ’20 | (14.00) | (14.00) | (6.00) | (50.00) |
(84.00)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 100.00 | 134.00 | 13.30 | 3.37 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 334.00 | 353.00 | 159.00 | 39.40 | — | — | — |
High Price
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 30 | 53 | 11 | 11 | — | — | — |
Employees
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
Revenue/Emp
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.03 | — | — | ‡‡‡‡‡ | — | — |
Revenue
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (98,875.00%) | (25,028.00%) | 0.00% | 0.00% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (15.43) | (23.94) | (24.55) | (22.64) | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (385,725.00%) | (95,752.00%) | 0.00% | 0.00% | ‡‡‡ | — | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (15.43) | (23.94) | (24.55) | (22.65) | ‡‡‡‡‡ | — | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.07 | 1.40 | 1.35 | 1.47 | — | — | — |
Depreciation
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.01 | 0.05 | 0.00 | 0.00 | ‡‡‡‡‡ | — | — |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (40.00) | (50.00) | (38.30) | (15.15) | ‡‡‡‡ | — | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (26.77) | (6.80) | (21.23) | (6.86) | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (7.94) | (11.77) | (12.30) | 2.65 | ‡‡‡ | — | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (34.71) | (18.57) | (33.54) | (4.21) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 55.17 | 55.49 | 25.30 | 9.88 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.38 | 0.47 | 0.64 | 1.50 | ‡‡‡‡‡ | — | — |
Shares
|
| — | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | — | — | ‡‡‡‡‡ | — | — |
PE Ratio
|
| — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 305.94 | 244.18 | — | — | ‡‡‡ | — | — |
PS Ratio
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.17 | 2.74 | — | — | ‡‡‡ | — | — |
PB Ratio
|
| — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 303.83 | 198.79 | — | — | ‡‡‡‡ | — | — |
EV/Sales
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (6.58) | (6.66) | — | — | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (10.15) | (3.19) | (13.63) | (10.25) | ‡‡‡ | — | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (3.01) | (5.53) | (7.90) | 3.96 | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (13.16) | (8.72) | (21.53) | (6.30) | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.90 | 13.69 | (3.54) | 8.98 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.48 | 2.92 | — | — | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.60) | (13.60) | (4.08) | (10.81) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 20.92 | 26.06 | 16.24 | 14.77 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (46.22%) | (71.35%) | (81.90%) | (98.31%) | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (47.89%) | (122.66%) | (122.52%) | (368.23%) | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (63.70%) | (101.91%) | (116.08%) | (146.04%) | ‡‡‡‡‡ | — | — |
ROE
|
Aqua Metals, Inc. (AQMS) exemplifies the volatile world of clean tech speculation, pioneering a water-based AquaRefining process to recycle lead-acid batteries without smelting’s toxic emissions. Debuting around 2015, it rode hype to revenue peaks of $4.9 million in 2019, but execution faltered amid plant delays in Nevada, COVID disruptions, relentless cash burn, and dilutive financings, cratering sales to near zero by 2024 while gross margins plunged into triple-digit negatives.
Fundamentals remain grim: cumulative losses exceed $245 million, ROE has eroded to -116%, shareholders’ equity has shrunk 72% to $16.2 million, and shares outstanding ballooned 744% since 2016, slashing book value per share by 97%. Cash flows bleed with negative working capital signaling liquidity strains, and stock prices have tumbled from 2017 highs near $4,550 to 2024 lows around $13, trading at sky-high PS ratios like a high-stakes bet on unproven tech.
Yet analysts forecast a dramatic pivot, with revenue surging to $7.8 million in 2025-2026, net losses improving 62%, and unanimous price targets implying 150% upside amid EV-driven recycling mandates and potential partnerships. No insider buying adds caution, but catalysts like revenue beats could ignite a turnaround—or more dilution. Dive into the full analysis for the metrics driving this high-risk revival story.
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