NASDAQ$TMC

Tmc The Metals Co Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

TMC reported financial results for the first quarter ending March 31, 2022.

TMC reported a net loss of $21.1 million for Q1 2022, with cash holdings of $69.0 million and no debt.

  • Pilot nodule collection system successfully tested in the deep sea.
  • Business collaboration with Epsilon Carbon announced for potential nodule processing plant in India.
  • Net loss for the first quarter of 2022 was $21.1 million, or $0.09 per share.
  • Cash on hand is believed to be sufficient to meet working capital and capital expenditure requirements for at least the next twelve months.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.09

Previous: $0.29-131.0%
Net Loss Per Share

-$0.09

Previous: -$0.29+69.0%
Net Income

-$21.1M

Previous: -$55.7M+62.1%
Operating Income

-$15.9M

Previous: -$55.5M+71.3%
Cash & Equivalents

$69M

Previous: $1.17M+5798.9%
Total Assets

$117M

Previous: $301M-61.3%
Stock-Based Comp

$6.39M

Previous: $43.2M-85.2%

Revenue & EPS history

Tmc · Revenue · Quarterly

$0

Q1 2022

Forward guidance

The company did not provide specific forward guidance but expressed confidence in meeting working capital and capital expenditure requirements for at least the next twelve months.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.3%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+0.8%

Avg return

30 days after

45%

9 / 20 earnings

Positive

+31.8%

Q2 2023

Best reaction

-24.5%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-7.6%-10.5%-4.7%
Q3 2025-1.6%+3.5%+28.4%
Q2 2025-9.4%-13.7%+2.0%
Q1 2025+10.0%+49.5%+45.2%
Q4 2024+16.9%+6.0%+79.5%
Q3 2024+4.0%-4.4%-16.3%
Q2 2024+17.0%+11.7%+0.0%
Q1 2024+0.0%-5.5%-3.4%
Q4 2023-17.2%-12.3%-1.8%
Q3 2023-5.7%+5.7%+5.7%
Q2 2023+31.8%+9.1%+9.1%
Q1 2023-5.0%-5.3%+17.7%
Q4 2022-5.4%-16.9%+5.6%
Q3 2022-6.9%-8.8%-20.7%
Q2 2022+7.0%-11.5%+0.0%
Q1 2022-13.6%-4.8%-4.8%
Q4 2021-24.5%-12.3%-6.4%
Q1 2021+6.6%+17.8%-42.9%
Q4 2020+6.6%+17.8%-42.9%
Q3 2021+1.8%+8.6%-34.2%

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