ABAT Posts 407% Revenue Growth and First Positive Adjusted Gross Profit
ABAT sits 25% above its 52-week low of $2.
Summary
American Battery Technology reported FY2026 revenue of $21.7 million, up 407% from $4.3 million, and achieved positive adjusted gross profit of $1.7 million versus a $6.2 million loss last year. Cash jumped to $49.5 million from $7.5 million, and the company ended the year with no debt. This follows the Q4 FY2026 results reported in August, but today's release provides the full-year picture and confirms the company's first-ever positive adjusted gross margin. The earnings call is scheduled for today at 4:30 p.m. ET, where management will likely discuss the ramp of the recycling facility and the Tonopah Flats lithium project.
At the time of this announcement, ABAT was trading at $2.49 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $336.9M. The 52-week trading range was $2.00 to $11.49. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.