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Condensed consolidated interim statements of loss and comprehensive loss - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Product sales $ 3,500,000 $ 2,300,000 $ 9,700,000 $ 9,600,000
Recycling services 1,200,000 500,000 2,200,000 1,200,000
Revenue 4,700,000 2,800,000 11,900,000 10,800,000
Expenses        
Employee salaries and benefits 16,500,000 10,400,000 47,300,000 32,700,000
Share-based compensation 3,800,000 4,000,000.0 10,700,000 15,500,000
Office, administrative and travel 5,800,000 5,900,000 16,900,000 13,200,000
Professional fees 6,400,000 4,500,000 14,000,000.0 12,100,000
Raw materials and supplies 4,800,000 10,500,000 19,200,000 14,300,000
Depreciation 4,600,000 3,300,000 12,300,000 7,800,000
Plant facilities 3,200,000 1,100,000 7,100,000 3,000,000.0
Marketing 600,000 500,000 2,100,000 1,900,000
Freight and shipping 1,000,000.0 500,000 2,700,000 1,700,000
Research and development 2,200,000 500,000 3,500,000 1,400,000
Change in finished goods inventory (600,000) 700,000 100,000 700,000
Other 0 0 1,200,000 0
Impairment 96,500,000 0 96,500,000 0
Operating expenses 144,800,000 41,900,000 233,600,000 104,300,000
Loss from operations (140,100,000) (39,100,000) (221,700,000) (93,500,000)
Other income (expense)        
Interest income 2,600,000 3,800,000 11,800,000 5,300,000
Interest expense and other costs (3,900,000) (5,200,000) (12,700,000) (13,100,000)
Gain on financial instruments 10,900,000 19,900,000 17,500,000 42,500,000
Other income (expense) 9,600,000 18,500,000 16,600,000 34,700,000
Loss before taxes (130,500,000) (20,600,000) (205,100,000) (58,800,000)
Income tax 0 0 100,000 0
Interest income on short-term investments (130,500,000) (20,600,000) (205,200,000) (58,800,000)
Shareholders of Li-Cycle Holdings Corp. (130,500,000) (20,500,000) (205,100,000) (58,700,000)
Non-controlling interest 0 (100,000) (100,000) (100,000)
Net loss and comprehensive loss $ (130,500,000) $ (20,600,000) $ (205,200,000) $ (58,800,000)
Loss per common share - basic (in dollars per share) $ (0.73) $ (0.12) $ (1.16) $ (0.34)
Loss per common share - diluted (in dollars per share) $ (0.73) $ (0.12) $ (1.16) $ (0.34)