Factorial Energy Inc. Reports Q3 GAAP Net Income of $8.8 Million
Factorial Energy Inc. (FAC) has released its third-quarter financial results, reporting a GAAP net income of $8.8 million. The company maintains a strong liquidity position with cash and cash equivalents totaling $95.4 million at the end of the period. Looking ahead, the company provided guidance for full-year non-GAAP operating expenses, projecting a range between $36 million and $38 million. This report follows recent developments regarding strategic partnerships, including a joint battery development deal with Mitsui Kinzoku.
Tickers: $FAC
Topics: battery technology earnings financial results profitability
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