Advanced Emissions Solutions, Inc. - ADES STOCK NEWS

Advanced Emissions Solutions (ADES) reported a 20% increase in full year consumables revenue, totaling $103 million, driven by higher sales volumes and pricing initiatives. Despite the revenue growth, the company faced a fourth quarter net loss of $3.2 million, reversing from a net income of $5.8 million in the prior year. The decline in earnings was largely attributed to the winddown of Tinuum investments. Adjusted EBITDA also suffered, posting a loss of $1.2 million compared to a gain of $9.1 million the previous year. Cash reserves fell to $76.4 million, down from $88.8 million in 2021, and the company expects revenue around $106 million for 2023.

Advanced Emissions Solutions (NASDAQ: ADES) announced the release of its fourth quarter 2022 financial results and its Annual Report on Form 10-K for the year ended December 31, 2022. The financial report will be available after market close on March 8, 2023, while a related conference call is scheduled for 9:00 a.m. ET on March 9, 2023.

The conference call will provide insights into the Company's performance, and interested parties can access it via the Investor Resources section of ADES's website. A supplemental investor presentation will also be made available before the call.

Advanced Emissions Solutions (ADES) has acquired 100% of the equity interests of Arq Limited's subsidiaries in a revised transaction that allows legacy ADES shareholders to retain 59% of the outstanding equity. The updated deal structure emerged from discussions prompted by changing macroeconomic conditions. ADES issued new preferred shares, converting to common stock pending shareholder approval, and secured $15.4 million in a private placement alongside a $10 million term debt facility. This acquisition aims to enhance ADES's market presence in activated carbon products and diversify its offerings, positioning the company for long-term growth.

Advanced Emissions Solutions reported a 27% increase in consumables revenue for 2022, driven by higher volumes and pricing. The company disclosed a proposed merger with Arq to enhance its market position, alongside an asset sale to Caddo Creek that will alleviate financial obligations. Despite the growth in consumables revenue, the company reported a net loss of $2.4 million for Q3 2022, significantly down from a $24.3 million profit in the previous year, attributed to a decline in Tinuum investment earnings. Cash balances stood at $85.8 million.

Advanced Emissions Solutions, Inc. (ADES) has filed a registration statement on Form S-4 with the SEC for a business combination with Arq Limited. This preliminary proxy statement/prospectus outlines the proposed transactions but is not yet effective. The deal, initiated on August 19, 2022, requires shareholder and court approvals. Following the merger, the company will be renamed New ADES and continue trading under the ticker ADES on Nasdaq. Arq specializes in producing specialty carbon products from coal waste, aiming to enhance environmental sustainability.

Advanced Emissions Solutions, Inc. (NASDAQ: ADES) is set to release its third quarter 2022 financial results and file its Quarterly Report after market close on November 8, 2022. A conference call to discuss these results will occur at 9:00 a.m. Eastern Time on November 9, 2022. Investors can access the conference call via the Investor Resources section of ADES's website. A supplemental presentation will be available prior to the call, and attendees are invited to submit questions in advance.

Advanced Emissions Solutions, Inc. announced the sale of Marshall Mine LLC to Caddo Creek Resources Company for $2.4 million, with no cash proceeds expected. The company will record a $2.4 million gain from the transaction while relieving itself of a $4.8 million asset retirement obligation. This transaction is anticipated to improve the company’s balance sheet and enable operational focus on consumables revenues. Completion is expected in the first half of 2023, pending regulatory approvals.

Advanced Emissions Solutions (ADES) has announced a merger with Arq Limited, aiming to enhance growth opportunities in adjacent markets and improve profitability. Shareholders can choose $10 million in cash or retain a stake of at least 47.4% in the new entity. The merger is projected to yield annual revenues of $196 million and EBITDA of $61 million by 2026. Arq's proprietary technology offers unique carbon feedstock, allowing ADES to produce higher value activated carbon. The deal includes a $20 million equity placement and a $10 million term debt facility.

Advanced Emissions Solutions (NASDAQ: ADES) reported a 42% growth in consumables revenue for Q2 2022, totaling $24.7 million. Despite strong production at the Red River plant, the company faced a net loss of $0.3 million, a decline from $16.6 million profit in Q2 2021, due to decreased equity earnings from Tinuum investments. Consolidated Adjusted EBITDA fell to $2.2 million compared to $21.2 million in the prior year. Cash balances remained stable at $90.8 million. The company is optimistic about its strategic review and upcoming negotiations.