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Joseph M. Wong, Chief Technology Officer of Arq, Inc. (NASDAQ:ARQ), recently reported transactions involving the company’s common stock. On March 24, 2025, Wong sold 6,596 shares at a price of $4.68 per share, totaling approximately $30,869. This sale was conducted to cover tax obligations related to the vesting of restricted stock awards. The transaction comes as ARQ’s stock has experienced significant pressure, down about 40% year-to-date, according to InvestingPro data.
In addition to the sale, Wong acquired 26,198 shares as restricted stock awards on March 23, 2025. These awards were granted under Arq’s long-term incentive plan and will vest in three equal annual installments starting one year from the grant date. Following these transactions, Wong holds 354,790 shares of Arq’s common stock. With a beta of 3.1 and volatile price movements, ARQ presents an interesting case for investors. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report for deeper analysis of ARQ’s market position.
In other recent news, Arq Inc reported a fourth-quarter 2024 earnings loss per share of $0.03, missing analyst expectations by $0.01. The company’s revenue for the quarter was $27 million, slightly below the anticipated $28.33 million. Despite a 10% year-over-year increase in full-year revenue to $109 million, the earnings miss and lower-than-expected revenue contributed to a negative market reaction. Arq Inc’s stock was notably impacted, although specifics of the price movement are not discussed here. The company maintained a strong cash position of $22.2 million, with $13.5 million being unrestricted. Furthermore, Arq Inc is exploring new market opportunities and has set ambitious targets for 2025, including potential expansion of its Granular Activated Carbon Line Two. Analyst firms such as ROTH Capital Partners (WA:CPAP) and Canaccord Genuity have shown interest in the company’s strategic plans, indicating investor engagement. These developments reflect Arq Inc’s ongoing efforts to enhance its market position and operational efficiency.
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