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Comstock Mining (LODE)
:LODE
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.2Last Year’s EPS
-0.6Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: -25.38%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant advancements in technology and strategic partnerships, leading to increased revenue projections and successful collaborations, particularly with Comstock Fuels and Marathon Petroleum. However, the company also faced a substantial net loss for the year and a notable write-down of intangible assets, indicating challenges in financial performance. Despite these financial setbacks, the strategic initiatives and technological advancements provide a positive outlook for future growth.Company Guidance
During the call, Comstock's management provided detailed guidance and metrics for their 2025 outlook and achievements in 2024. Comstock Metals' solar panel recycling facility reached Technology Readiness Level 7 and now operates with a team of 13, recovering 100% of materials and offering a zero landfill solution, which increased revenues by almost 50%. Looking ahead, they plan to invest $6 million in CapEx to scale up their first industry-scale facility by 2026. Comstock Fuels achieved a yield of up to 140 gasoline gallon equivalents per ton of dry wood, outperforming competitors, and secured $152 million in tax-free bond allocations from Oklahoma. They closed a $14 million strategic investment with Marathon Petroleum, valuing Comstock Fuels at $700 million. Financially, Comstock reported a net loss of $53 million in 2024, with revenues growing to $3 million, up from $1.3 million in 2023, and ended the year with $1 million in cash. The company plans to raise further capital through equity and debt securities and expects significant revenue growth by 2026.Solar Cycle Recycling Technology Advancement
Comstock Metals advanced their solar cycle recycling technology to TRL 7, achieving a fully operational facility capable of recovering 100% of metals, glass, and minerals. This resulted in increasing revenues by almost 50% through a zero landfill solution.
Comstock Fuels Achievements
Comstock Fuels integrated critical technologies and partners, achieving industry-leading yields up to 140 gasoline gallon equivalents per ton of dry wood, double the next competitor. Secured $3 million in incentive awards from Oklahoma and a $152 million bond allocation.
Strategic Partnerships and Investments
Collaboration with Marathon Petroleum, including a $14 million investment and a joint product development agreement. Valuation for Comstock Fuels capped at $700 million.
Revenue Growth
Company-wide revenues grew to $3 million in 2024 from $1.3 million in 2023, with significant contributions from the solar panel recycling facility.
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LODE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LODE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | $2.64 | $2.59 | -1.89% |
| Oct 22, 2024 | $5.20 | $4.88 | -6.15% |
| Aug 08, 2024 | $1.64 | $1.51 | -7.93% |
| Apr 30, 2024 | $3.08 | $2.78 | -9.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Comstock Mining (LODE) report earnings?
Comstock Mining (LODE) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Comstock Mining (LODE) earnings time?
Comstock Mining (LODE) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LODE EPS forecast?
LODE EPS forecast for the fiscal quarter 2025 (Q1) is -0.2.
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