NASDAQ$TMC
Tmc The Metals Co Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported a net loss with increased exploration and evaluation expenses.
TMC reported a net loss of $25.2 million for Q1 2024, compared to a net loss of $13.7 million for Q1 2023. Exploration and evaluation expenses increased due to mining, technological, and process development costs.
- Held approximately $4.0 million in cash at the end of the quarter.
- Net loss was $25.2 million, or $0.08 per share.
- Exploration and evaluation expenses were $18.1 million.
- General and administrative expenses were $6.6 million.
Headline financials
Revenue & EPS history
Tmc · Revenue · Quarterly
$0
Forward guidance
The company believes that its total liquidity will be sufficient to meet its working capital and capital expenditure commitments 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 2024
+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
| Quarter | Report date | Reaction (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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