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Stacia Hansen, the Chief Accounting Officer of Arq, Inc. (NASDAQ:ARQ), disclosed a recent transaction involving the sale of company shares. According to a Form 4 filing with the Securities and Exchange Commission, Hansen sold 3,557 shares of common stock on March 24, 2025, at a price of $4.68 per share, amounting to a total sale value of $16,646. This transaction was conducted to cover tax withholding obligations related to the vesting of restricted stock awards. The sale occurred amid a challenging period for ARQ’s stock, which has declined 40% year-to-date according to InvestingPro data.
In addition to the sale, Hansen acquired 22,455 shares of common stock on March 23, 2025, as part of a restricted stock award under Arq’s long-term incentive plan. These shares were granted at no cost, as per the company’s 2024 Omnibus Incentive Plan. Following these transactions, Hansen holds a total of 75,941 shares in the company, representing a significant stake in the $191.59 million market cap firm. Despite current losses, InvestingPro analysis suggests the company is expected to turn profitable this year.
The restricted stock awards will vest in three equal annual installments, starting from the first anniversary of the grant date. This strategic move aligns with the company’s incentive plan, designed to reward and retain key executives. While ARQ maintains a healthy financial position with a current ratio of 1.17, the stock’s high volatility and valuation metrics suggest careful monitoring is warranted. Discover more insights with InvestingPro, which offers 8 additional key tips for ARQ investors.
In other recent news, Arq Inc reported its fourth-quarter 2024 earnings, revealing a loss per share of $0.03, which was below analysts’ expectations of a $0.02 loss. The company’s revenue for the quarter was $27 million, falling short of the anticipated $28.33 million. Despite these results, Arq Inc achieved a full-year revenue of $109 million, marking a 10% increase year-over-year, and improved its gross margin to 36.2%. The company also reported an adjusted EBITDA of $7.7 million for the year. Arq Inc maintains a strong cash position with $22.2 million, of which $13.5 million is unrestricted. Looking ahead, the company plans to expand its Granular Activated Carbon (GAC) Line Two in the second half of 2025, with anticipated capital expenditures ranging from $8 to $12 million. Additionally, Arq Inc is exploring new market opportunities in the asphalt industry to drive future growth. Analyst firms, such as ROTH Capital Partners (WA:CPAP) and Canaccord Genuity, have been closely monitoring the company’s developments, particularly the potential expansion of production capacity and its financial implications.
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