Li-Cycle Holdings Corp. (NYSE:LICY) (“Li-Cycle” or the “Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced financial results for its third quarter ended July 31, 2022. Revenue from product sales and recycling services were $5.4 million, an increase from $1.3 million in the third quarter of 2021. Total revenues were $(2.0) million, which included an unfavorable non-cash fair market value (FMV) pricing adjustment of $(7.3) million relating to prior-period black mass sales. In the third quarter of 2021, total revenue was $1.7 million, which included a FMV benefit of $0.4 million.
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