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Syrah Resources (SYAAF)
OTHER OTC:SYAAF
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.1Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Sep 13, 2019
|% Change Since: -55.88%
|Next Earnings Date:Mar 29, 2019
Earnings Call Sentiment|Negative
The earnings call highlighted significant operational progress at Vidalia and strong EV demand growth, but these were overshadowed by challenges from U.S. policy changes affecting graphite sourcing, low sales from Balama, and financial concerns related to cash burn and delayed sales. The sentiment reflects a cautious outlook due to policy and market uncertainties.Company Guidance
In the Q2 2024 earnings call for Syrah Resources (SYR.AX), CEO Shaun Verner highlighted several key metrics and guidance points. The company's operational focus was on the impact of the U.S. Inflation Reduction Act's revised guidance, which extended the transition period for sourcing non-Chinese graphite by two years to January 1, 2027, affecting near-term market dynamics. Syrah expects positive progress on a USD 150 million loan from the DFC to support Balama, as cash outflow from unrestricted cash for the quarter was USD 33 million, with a cash balance of USD 82 million at quarter-end. Operationally, Balama produced 24,000 tonnes of graphite with 78% recovery, while Vidalia is ramping up, targeting an 80% utilization rate. Sales from Vidalia are anticipated in early 2025, with ongoing offtake discussions with major Tier 1 customers. However, the company faces challenges due to intense Chinese competition and evolving government policies, which have introduced uncertainties into its operational and market strategies.Strong EV Demand Growth
Global EV demand growth increased by 24% in the June 2024 quarter compared with the June 2023 quarter, reaching 4 million units.
Vidalia Operational Progress
Operations at the Vidalia anode material facility are ramping up, with positive initial testing feedback received from 3 Tier 1 customers and significant progress in commercial offtake agreements.
DFC Loan Near Completion
The $150 million loan from the DFC is expected to close shortly, supporting Balama through the current period.
Cost Management at Balama
Operational costs were controlled, with C1 costs at USD 460 per tonne during the operating period.
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SYAAF 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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SYAAF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 25, 2024 | $0.34 | $0.33 | -2.94% |
| Mar 29, 2023 | $1.11 | $1.12 | +0.90% |
| Mar 24, 2022 | $1.16 | $1.19 | +2.59% |
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 Syrah Resources (SYAAF) report earnings?
Syrah Resources (SYAAF) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Syrah Resources (SYAAF) earnings time?
Syrah Resources (SYAAF) earnings time is at Mar 26, 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 SYAAF EPS forecast?
Currently, no data Available
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