Total Revenue

+200% " " "

Total revenue increased sequentially from $0.332 million in Q2 2025 to $1.0 million in Q3 2025, largely driven by the ramp-up in lithium-ion battery recycling operations and improved throughput from process enhancements implemented earlier, which significantly boosted revenue recognition over the prior period. " " "

Operating Expenses

N/A "

Operating expenses in Q3 2025 were reported at $7.96 million, reflecting the ongoing costs associated with scaling operations despite the revenue uptick; however, no sequential comparator was provided to quantify the percentage change relative to prior periods. "

Net Loss Before Other Income

N/A "

The net loss before other income stood at $10.65 million in Q3 2025, indicating that the increased spending related to operational scale-up and ramp-up initiatives outweighed the revenue gains from the newly enhanced recycling operations, compared to prior period expenses. "

Cash

-82% "

Cash decreased sharply from $15.62 million in Q2 2025 to $2.85 million in Q3 2025 (an approximate 82% drop), suggesting that heavy cash utilization—likely for financing expansion initiatives and operational investments—played a critical role, contrasting with previously available liquidity. "

Total Assets

N/A "

Total assets were reported at $76.46 million in Q3 2025, reflecting continued investment in operational capacity and asset growth; sequential changes were not provided, but this figure indicates a sustained capital investment relative to previous periods. "

Total Liabilities

N/A "

Total liabilities amounted to $10.85 million in Q3 2025, demonstrating a conservative financing approach during the expansion phase; however, no comparative figures for previous periods are provided. "

Stockholders’ Equity

N/A "

Stockholders’ equity was strong at $65.61 million in Q3 2025, suggesting that despite the operational losses and a significant drop in cash, the company maintained robust net worth due to asset growth, although sequential changes are not available for further analysis. "