AQMS

Aqua Metals, Inc.

Nasdaq · Secondary Smelting & Refining of Nonferrous Metals · EDGAR filings (CIK 1621832) · 3 signals · 0 setups · updated Aug 16, 2026

What the filings say Pressure ▼

Less than six months of cash at the latest burn — the company must raise, cut, or both, soon.

Radar 45 (elevated attention) · dilution pressure elevated · listing risk low · governance risk low · runway 4.3 mo · strongest signal: Runway < 6 months (Jun 30, 2026)

Direction is stated for existing shareholders (▼ more shares / survival or listing risk; ▲ insiders or holders buying). It is a characterization of the filings, not a forecast or a recommendation.

45Radar · attention score (0–100)

40Dilution pressure · financing + balance sheet

26Listing risk · exchange standards

25Governance risk · reporting, auditor, going concern

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Balance sheet (XBRL)

$4.7Mcash + short-term investments as of Jun 30, 2026

4.3 moestimated runway (annualized 180-day YTD operating cash flow [companyfacts])

$9.5Mstockholders' equity as of Jun 30, 2026

$4.8Mpublic float (10-K cover)

3.6Mshares outstanding as of Jul 24, 2026 · was 3.4M May 8, 2026

Runway = liquidity ÷ monthly operating burn at the latest reported period · balance sheet 47 days old. A financing after the balance-sheet date is the main reason a figure can be stale — check the timeline below for offerings since then.

Signal timeline

Last 30 days of filing signals plus current balance-sheet flags, newest first. ▼ pressure · ▲ support · hover a score for its components; every row links to the filing.

Date	Signal	Evidence	Score
Jul 30, 2026	▼ Going-concern language	“going concern periodic” language in 10-Q (10-Q) filed 2026-07-30 filing	25
Jun 30, 2026	▼ Runway < 6 months	~4.3 months runway: liquidity $4,744,000 as of 2026-06-30, burn $13,127,833/yr (annualized 180-day YTD operating cash flow [companyfacts]) filing	40
Jun 30, 2026	▼ Near $5M MVLS floor	Public float $4,815,945 (as of 2025-06-30) vs $5M Nasdaq MVLS floor; needs price x shares confirmation filing	26

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