ABAT · American Battery Technology Company Common Stock

American Battery Technology Company (ABAT) reported its third quarter fiscal 2026 results for the period ended March 31, 2026, achieving record revenue of $7.8 million, a 64% increase from the prior quarter. This growth was driven by significant ramp-up and streamlining of operations at its Nevada critical mineral recycling facility, with cost of goods sold increasing only 11% to $7.1 million. The company achieved its first-ever positive gross margin of $0.7 million, and on a non-GAAP basis, adjusted gross margin was $2.0 million after excluding $1.0 million in depreciation and $0.3 million in stock-based compensation. Management highlighted that the positive gross margin is a major milestone enabling self-sustaining operations. The company ended the quarter with $38.5 million in cash and zero debt. In addition to recycling operations, ABAT advanced its Tonopah Flats Lithium Project, completing baseline studies for NEPA review and initiating a Definitive Feasibility Study. The company also noted growth in high-value recycling from battery energy storage systems supporting data centers and AI facilities, end-of-life vehicles, and consumer electronics.