American Battery Technology Company (NASDAQ: ABAT) reported unaudited fourth-quarter fiscal year 2026 financial results, posting $8.2 million in revenue and $1.3 million in gross profit for the quarter ended June 30, 2026, according to a company press release.

Gross profit rose 86% from the prior quarter, while revenue increased 5.1% from $7.8 million in the third quarter. Cost of goods sold declined 2.8% quarter-over-quarter to $6.9 million. The company reported $50.3 million in cash, a 31% increase from the prior quarter, and carried no debt.

During the quarter, ABAT said it successfully appealed the termination of a $57 million competitive grant from the U.S. Department of Energy. The grant supports the $115 million construction of the first processing train at its Tonopah Flats Lithium Project near Tonopah, Nevada.

The company also disclosed a significant regulatory risk. A federal directive issued by the Bureau of Industry and Security, effective August 27, 2026, requires U.S. entities selling black mass to allocate 100% of monthly sales to U.S. persons, effectively prohibiting exports. ABAT said black mass sales represent the majority of its total revenue, and substantially all of its current black mass customers are located outside the United States. The company has submitted an exception request to the Bureau of Industry and Security and is engaging with congressional representatives and government advisors. The company said there is no assurance the exception will be granted.

ABAT's Nevada recycling facility processes battery materials from battery energy storage systems, end-of-life electric and hybrid vehicles, and consumer electronics. The company said it is also developing a second recycling facility in the southeastern United States.

Full audited fiscal year 2026 financial results are expected within 90 days of the June 30, 2026 fiscal year end. The preliminary figures have not been audited or reviewed by the company's independent auditor, KPMG LLP.