Electra Battery Materials swings to Q2 net income of C$9.03 million; operating loss widens to C$4.02 million
ELBM•Operating loss widens
Operating loss widened to CAD 4.02 million from CAD 3.48 million.
Q2 results swing to profit
Electra Battery Materials posted net income of CAD 9.03 million, swinging from a net loss of CAD 2.01 million a year earlier.
Diluted EPS was CAD 0.08, returning to profit from a loss of CAD 0.11.
Cash and liabilities at June 30
Cash and cash equivalents totaled CAD 35.87 million at June 30, down from CAD 39.02 million at Dec. 31.
US warrants liability fell to CAD 33.12 million from CAD 81.66 million; term loan rose to CAD 41.3 million from CAD 38.17 million.
