NASDAQ$TMC
Tmc The Metals Co Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
The Metals Company reported financial results for the second quarter ending June 30, 2024.
The Metals Company reported a net loss of $20.2 million, or $0.06 per share, for the second quarter ended June 30, 2024. The company held cash of approximately $0.5 million and short-term debt of $5.9 million as of June 30, 2024.
- The company held cash of approximately $0.5 million and short-term debt of $5.9 million as of June 30, 2024.
- Net loss was $20.2 million, or $0.06 per share for the quarter ended June 30, 2024.
- Exploration and evaluation expenses were $12.4 million during the quarter ended June 30, 2024.
- General and administrative expenses were $7.9 million for the quarter ended June 30, 2024.
Headline financials
Revenue & EPS history
Tmc · Revenue · Quarterly
$410K
Forward guidance
The company believes that its total liquidity including cash and borrowing availability under a credit facility with an affiliate of Allseas, and its credit facility with ERAS Capital LLC and Mr. Barron, will be sufficient to meet our working capital and capital expenditure commitments for at least the next twelve months from today.
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 Q2 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% |
Discussion
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