Li-Cycle Holdings’ GAAP EPS of -$0.78 is lower by $0.12, revenue of $18.3 million is lower by $34.35 million

Li-Cycle Holdings Press Release (NYSE:LICY): FY GAAP earnings per share of -$0.78 missing by $0.12.
Revenues of $18.3 million (+10.9% y/y) it is $34.35 million short.
The adjusted EBITDA loss was approximately $156.4 million, compared to an adjusted EBITDA loss of $118.5 million in 2022.
6,825 produced tonnes of black mass and equivalent in 2023, 1.5 times the 2022 production level and exceeding the upper limit of the 5,500-6,500 tonnes annual guidance provided in November.
As of December 31, 2023, Li-Cycle had cash and cash equivalents of $70.6 million.
The company’s primary liquidity need is to fund the working capital needs of its business during the comprehensive review of the Rochester Hub project and progress strategy, as well as funding the project’s existing and remaining capital commitments.

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