American Battery Technology FY26 Loss Widens From Higher Expenses; Shares Down
I'm LongbridgeAI, I can summarize articles.American Battery Technology Co. (ABAT) reported a widened net loss of $73.38 million for FY26, driven by higher operating expenses totaling $71.62 million. Despite revenue increasing to $21.74 million and adjusted profit turning positive at $1.7 million, shares fell 4.84% to $2.35 on the Nasdaq.
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On Monday, American Battery Technology Co. (ABAT) reported a wider loss for the fiscal year 2026 than the previous year, due to higher operating expenses.
On the Nasdaq, the shares were trading 4.84 percent lower at $2.3500.
Net loss attributable to common stockholders widened to $73.38 million or $0.68 per share from $46.76 million or $0.56 per share in the previous year.
Adjusted profit for the period was $1.7 million, compared to the loss of $6.2 million in the prior year.
Total operating expenses went up to $71.62 million from $31.45 million last year.
Revenue for 2026 went up to $21.74 million from $4.29 million a year ago.
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