American Battery Technology Company Reports Revenue Growth and Increased Losses for Quarter Ended March 31, 2025

American Battery Technology Company (ABTC) reported its financial results for the three and nine months ended March 31, 2025, revealing a revenue of $979,977 for the quarter and $1.5 million for the nine-month period, marking a significant increase from zero revenue in the same periods of the previous fiscal year. The company incurred a gross loss of $2.7 million for the quarter and $8 million for the nine months, reflecting the high cost of goods sold, which totaled $3.7 million for the quarter. This cost was primarily driven by depreciation and operational expenses associated with the company's lithium-ion battery recycling facility.

Compared to the previous fiscal period, ABTC's total operating expenses decreased slightly from $8.6 million in the prior year to $8 million in the latest quarter. General and administrative expenses rose to $3.7 million, up from $3.2 million, largely due to increased stock-based compensation and external fees related to capital-raising activities. Research and development expenses decreased to $3.3 million from $4 million, attributed to the allocation of costs to inventory as production ramped up. The company reported a net loss of $11.5 million for the quarter, compared to a net loss of $10 million in the same quarter last year.

In terms of strategic developments, ABTC has made significant progress in its operational capabilities, including the construction and commissioning of its lithium-ion battery recycling facility. The company has also secured various government grants, including a $150 million grant from the U.S. Department of Energy to support the construction of a new recycling facility. Additionally, ABTC has entered into agreements to sell unused properties and water rights, which are expected to generate approximately $11.4 million in cash.

As of March 31, 2025, ABTC reported total assets of $76.5 million, a slight decrease from $77.7 million at the end of the previous fiscal year. The company had cash and restricted cash totaling $7.8 million, with $2.8 million available for use. Current liabilities decreased to $10.6 million from $15.8 million, reflecting a reduction in accounts payable and accrued liabilities. The company’s working capital improved to $7.7 million, compared to $2.6 million at the end of June 2024, primarily due to the classification of held-for-sale assets.

Looking ahead, ABTC's management expressed concerns regarding the company's ability to continue as a going concern, emphasizing the need for additional financing to support operations and meet financial covenants. The company plans to continue relying on equity and debt financing to fund its operations and growth initiatives. The outlook remains cautious, with management highlighting the importance of generating profits and securing favorable financing conditions to sustain operations in the coming year.