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Condensed consolidated interim statements of loss and comprehensive loss - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Product sales $ 3,100,000 $ (400,000) $ 6,200,000 $ 7,300,000
Recycling services 500,000 400,000 1,000,000.0 700,000
Revenue 3,600,000 0 7,200,000 8,000,000.0
Expenses        
Employee salaries and benefits 16,000,000.0 12,000,000.0 30,800,000 22,300,000
Share-based compensation 3,700,000 4,500,000 6,900,000 11,500,000
Office, administrative and travel 6,600,000 4,200,000 11,100,000 7,300,000
Professional fees 4,600,000 4,400,000 7,600,000 7,600,000
Raw materials and supplies 5,700,000 2,700,000 14,400,000 3,800,000
Depreciation 4,000,000.0 2,600,000 7,700,000 4,500,000
Plant facilities 2,000,000.0 1,000,000.0 3,900,000 1,900,000
Marketing 800,000 800,000 1,500,000 1,400,000
Freight and shipping 900,000 900,000 1,700,000 1,200,000
Research and development 800,000 400,000 1,300,000 900,000
Change in finished goods inventory 1,600,000 (200,000) 700,000 0
Other (600,000) 0 1,200,000 0
Operating expenses 46,100,000 33,300,000 88,800,000 62,400,000
Loss from operations (42,500,000) (33,300,000) (81,600,000) (54,400,000)
Other income (expense)        
Interest income 4,200,000 1,300,000 9,200,000 1,500,000
Interest expense and other costs (4,300,000) (3,800,000) (8,800,000) (7,900,000)
Gain on financial instruments 7,300,000 7,700,000 6,600,000 22,600,000
Other income (expense) 7,200,000 5,200,000 7,000,000.0 16,200,000
Net loss before taxes (35,300,000) (28,100,000) (74,600,000) (38,200,000)
Income tax 0 0 100,000 0
Interest income on short-term investments (35,300,000) (28,100,000) (74,700,000) (38,200,000)
Shareholders of Li-Cycle Holdings Corp. (35,200,000) (28,100,000) (74,600,000) (38,200,000)
Non-controlling interest (100,000) 0 (100,000) 0
Net loss and comprehensive loss $ (35,300,000) $ (28,100,000) $ (74,700,000) $ (38,200,000)
Loss per common share - basic (in dollars per share) $ (0.20) $ (0.17) $ (0.42) $ (0.23)
Loss per common share - diluted (in dollars per share) $ (0.20) $ (0.17) $ (0.42) $ (0.23)