NASDAQ$TMC
Tmc The Metals Co Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported financial results for the third quarter ending September 30, 2024.
The Metals Company reported a net loss of $20.5 million, or $0.06 per share, for the quarter ended September 30, 2024, compared to a net loss of $12.5 million, or $0.04 per share, for the quarter ended September 30, 2023.
- Registered Direct Offering of $17.5 million of Common Shares and Class B Warrants.
- NORI has set the date of June 27, 2025 for its expected submission of its ISA exploitation application.
- The Company expects quarterly cash use of less than $5 million as the Application is reviewed.
- The Company is exploring a new strategy to develop a services business for seafloor resource development and optimize and diversify its resource portfolio.
Headline financials
Revenue & EPS history
Tmc · Revenue · Quarterly
$0
Forward guidance
Following the expected submission of the Application by NORI, the Company expects quarterly cash use of less than $5 million as the Application is reviewed. The Company has already begun the process of reducing or eliminating certain operating expenses to ensure the Company’s financial resiliency.
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 Q3 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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