NYSE$URG
Ur-Energy Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Ur-Energy's Q1 2023 results were released, highlighting advancements at Lost Creek despite challenging weather conditions and the company's first uranium sale in nearly three years.
Ur-Energy reported a successful first quarter of 2023, marked by advancements at the Lost Creek project and the first uranium sale in nearly three years. The company's cash position increased significantly due to share issuances and operating activities.
- Cash and cash equivalents increased by $44.3 million to $77.3 million as of March 31, 2023.
- Generated $2.3 million from operating activities.
- Received net proceeds of $43.2 million from an underwritten public offering.
- Delivered 100,000 pounds of U3O8 to the U.S. Department of Energy for proceeds of $6.4 million.
Headline financials
Revenue & EPS history
Ur-Energy · Revenue · Quarterly
$6.45M
Revenue by segment
Ur-Energy · $6.4M total across 1 segment · Q1 2023
- Uranium Sales$6.4M—100.0%
Forward guidance
Ur-Energy anticipates increased production rates throughout 2023 and expects to sell 280,000 pounds U3O8 in 2023 for $17.3 million. The company is ready to construct the Shirley Basin mine when market conditions improve.
Tailwinds
- Targeting ramp up of Header House 2-4 in Q2.
- Expects to sell 280,000 pounds U3O8 in 2023 for $17.3 million.
- Has multi-year sales agreements for deliveries through 2028.
- All major permits and authorizations are in hand for Shirley Basin Project.
- Company anticipates profitable sales prices on a company-wide, all-in cost basis.
Headwinds
- Uncertainty in the supply chain due to potential cessation of Russian imports of low-enriched uranium.
- Potential delays in development.
- Fluctuations in commodity prices.
- Inflation.
- Capital and other costs varying significantly from estimates.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.9%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+4.9%
Avg return
30 days after
58%
25 / 43 earnings
Positive
+11.2%
Q3 2010
Best reaction
-8.1%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.9% | +2.8% | -9.9% | |
| Q4 2025 | +3.3% | -6.5% | -2.6% | |
| Q3 2025 | -6.7% | -5.1% | +0.7% | |
| Q1 2025 | +0.0% | +0.0% | +53.5% | |
| Q4 2024 | -0.5% | +7.6% | +6.1% | |
| Q3 2024 | +0.8% | -1.7% | +5.9% | |
| Q2 2024 | -1.6% | +5.9% | +4.0% | |
| Q1 2024 | -1.1% | -3.9% | -12.2% | |
| Q4 2023 | +7.1% | -4.4% | +12.0% | |
| Q3 2023 | +8.7% | +5.3% | +3.3% | |
| Q2 2023 | +3.8% | +12.4% | +35.2% | |
| Q1 2023 | -6.8% | +2.2% | -3.2% | |
| Q4 2022 | -2.7% | -5.5% | -16.4% | |
| Q3 2022 | -7.8% | -3.9% | -0.8% | |
| Q2 2022 | +2.6% | +3.4% | +11.2% | |
| Q1 2022 | +0.7% | -6.5% | -15.2% | |
| Q4 2021 | +4.0% | -9.7% | +1.1% | |
| Q3 2021 | +2.3% | +9.2% | -20.7% | |
| Q2 2021 | -3.5% | +5.3% | +27.4% | |
| Q1 2021 | +10.7% | +0.8% | +16.8% | |
| Q4 2020 | -2.6% | -0.9% | +7.9% | |
| Q3 2020 | +1.3% | -2.3% | +20.9% | |
| Q2 2020 | -6.2% | -5.1% | -5.1% | |
| Q1 2020 | +1.0% | +2.7% | +64.9% | |
| Q4 2019 | +3.1% | +17.8% | -22.2% | |
| Q3 2019 | +7.4% | +12.5% | +1.8% | |
| Q2 2019 | +4.2% | -3.4% | +1.7% | |
| Q1 2019 | +7.8% | +9.8% | +0.0% | |
| Q4 2018 | -0.4% | -5.3% | +9.3% | |
| Q3 2018 | -8.1% | +1.5% | +6.1% | |
| Q2 2018 | +4.0% | +4.0% | +1.3% | |
| Q1 2018 | +0.3% | +10.0% | +21.7% | |
| Q4 2017 | +0.8% | +3.1% | -7.7% | |
| Q3 2017 | +0.0% | +0.0% | +26.4% | |
| Q1 2017 | -2.4% | -1.5% | -17.9% | |
| Q3 2016 | -1.7% | -7.7% | -19.2% | |
| Q2 2016 | -0.5% | -3.6% | -3.6% | |
| Q1 2016 | -0.2% | — | — | |
| Q4 2015 | +1.0% | — | — | |
| Q4 2011 | +2.5% | — | — | |
| Q2 2011 | +2.5% | — | — | |
| Q1 2011 | +3.6% | — | — | |
| Q3 2010 | +11.2% | — | — |
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