Earnings Call Summary | LI-CYCLE(LICY.US) Q1 2024 Earnings Conference
Earnings Call Summary | LI-CYCLE(LICY.US) Q1 2024 Earnings Conference
The following is a summary of the Li-Cycle Holdings Corp. (LICY) Q1 2024 Earnings Call Transcript:
以下是Li-Cycle Holdings Corp.(LICY)2024年第一季度财报电话会议记录的摘要:
Financial Performance:
财务业绩:
Li-Cycle Holdings Corp reported a Q1 2024 revenue of $4.2 million, marking a 17% increase compared to Q1 2023.
Sales of Black Mass increased 7% totalling 946 tons.
The cost of sales decreased by 12% to $16.8 million from $19.1 million in Q1 2023, resulting in a smaller adjusted EBITDA loss of $27.4 million, compared to a loss of $37.9 million in Q1 2023.
The company reported cash and cash equivalents of $109.1 million at the end of the quarter.
Also reported was $1.9 million in revenue on $15.9 million of incurred costs, and substantial unsecured converts were restructured into secured ones.
Li-Cycle Holdings Corp报告称,2024年第一季度收入为420万美元,与2023年第一季度相比增长了17%。
Black Mass 的销量增长了 7%,总计 946 吨。
销售成本从2023年第一季度的1,910万美元下降了12%,至1,680万美元,导致调整后的息税折旧摊销前利润亏损较小,为2740万美元,而2023年第一季度的亏损为3,790万美元。
该公司报告称,截至本季度末,现金及现金等价物为1.091亿美元。
另据报告,1,590万美元的支出成本带来了190万美元的收入,大量的无抵押转换被重组为有担保的转换。
Business Progress:
业务进展:
The company is transitioning from a regional management model to a centralized one, expected to save approximately $10 million in annual payroll costs.
They secured new recycling agreements with major EV OEMs and battery cell manufacturers in North America and Europe, growing the customer base.
Efforts are under way to optimize the 'Spoke' network to reduce unit costs and increase efficiency, despite slowdowns due to commercial demand and working capital needs.
Cost estimates for the Rochester Hub project have been refined, totaling around $504 million.
A strategic investment of $75 million from Glencore was secured in March, and progress is being made on closing a loan for gross proceeds of up to $375 million with the DOE.
The company is focusing on Generation 3 Spokes to efficiently support key EV and battery OEM customers.
该公司正在从区域管理模式过渡到集中管理模式,预计每年将节省约1000万美元的薪资成本。
他们与北美和欧洲的主要电动汽车制造商和电池制造商签订了新的回收协议,从而扩大了客户群。
尽管由于商业需求和营运资金需求而出现放缓,但仍在努力优化 “Spoke” 网络以降低单位成本和提高效率。
罗切斯特枢纽项目的成本估算已经完善,总额约为5.04亿美元。
嘉能可于3月份获得了7,500万美元的战略投资,在向美国能源部完成总收益高达3.75亿美元的贷款方面正在取得进展。
该公司专注于第三代辐条,以有效支持主要的电动汽车和电池OEM客户。
More details: LI-CYCLE IR
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