Li-Cycle Holdings GAAP EPS of -$0.78 misses by $0.12, revenue of $18.3M misses by $34.35M

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Li-Cycle Holdings press launch (NYSE:LICY): FY GAAP EPS of -$0.78 misses by $0.12. Income of $18.3M (+10.9% Y/Y) misses by $34.35M. Adjusted EBITDA loss was roughly $156.4 million, in comparison with an Adjusted EBITDA lack of $118.5 million in 2022. Produced 6,825 tonnes of black mass and equivalents in 2023, 1.5x 2022 manufacturing stage and …

Li-Cycle Holdings press launch (NYSE:LICY): FY GAAP EPS of -$0.78 misses by $0.12.
Income of $18.3M (+10.9% Y/Y) misses by $34.35M.
Adjusted EBITDA loss was roughly $156.4 million, in comparison with an Adjusted EBITDA lack of $118.5 million in 2022.
Produced 6,825 tonnes of black mass and equivalents in 2023, 1.5x 2022 manufacturing stage and exceeding the highest finish of annual steering of 5,500 to six,500 tonnes supplied in November.
As of December 31, 2023, Li-Cycle had money and money equivalents readily available of $70.6 million.
The corporate’s main want for liquidity is to fund the working capital necessities of its enterprise throughout its complete evaluation of the Rochester Hub mission and go-forward technique along with funding the mission’s current and remaining capital commitments.