Li-Cycle Holdings (LICY) has released an update.
Li-Cycle Holdings reports a significant year-over-year increase in quarterly revenue, achieving a record $8.4 million, alongside a 39% reduction in SGA expenses due to cost-cutting measures. The company is progressing towards a loan agreement with the U.S. Department of Energy for up to $375 million and is implementing strategic changes, including the closure of its Ontario Spoke.
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