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TMC the metals company Inc. (TMC)
NASDAQ:TMC
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.08Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 27, 2025
|% Change Since: 7.65%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative elements. The strategic shift to a U.S. regulatory pathway offers a promising alternative to the delayed ISA process, potentially expediting commercial production. Financial performance has improved, and environmental studies show encouraging results. However, regulatory uncertainty persists, and geopolitical challenges may arise from the termination of the Kiribati partnership.Company Guidance
During The Metals Company's fourth-quarter 2024 conference call, significant guidance and updates were provided, emphasizing the company's strategic pivot towards utilizing the United States' regulatory framework for deep-sea mining. The company plans to submit applications for commercial production through the U.S. regulatory regime, leveraging the Deep Seabed Hard Mineral Resources Act of 1980. Financially, The Metals Company reported a net loss of $16.1 million for the quarter, a reduction from the $33.5 million loss in the same period in 2023. Exploration and evaluation expenses decreased by $18.4 million, while general and administrative expenses increased by $1.5 million. The company highlighted a liquidity position of $62 million at the end of 2024, bolstered by a recent direct offering and available credit facilities. The company is poised to meet its working capital and capital expenditure needs for the next 12 months, facilitated by undrawn credit lines and strategic financial management. The guidance reflects a focus on achieving regulatory certainty and advancing towards commercial production, with an emphasis on environmental stewardship and strategic partnerships.Strategic Shift to U.S. Regulatory Pathway
The Metals Company announced a strategic shift to pursue commercial production through U.S. regulatory pathways under the Deep Seabed Hard Mineral Resources Act (DSHMRA), citing political will and an existing legal framework as key advantages.
Financial Improvement
The Metals Company reported a reduced net loss of $16.1 million in Q4 2024, compared to a net loss of $33.5 million in Q4 2023, showing improved financial management and reduced exploration and evaluation expenses.
Successful Environmental and Technical Milestones
The company achieved several technical milestones, including successful industrial-scale nodule processing and environmental studies showing promising recovery data for seafloor ecosystems.
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TMC 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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TMC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 27, 2025 | $1.70 | $1.72 | +1.18% |
| Nov 14, 2024 | $0.96 | $1.00 | +4.17% |
| Aug 14, 2024 | $0.98 | $1.10 | +12.24% |
| May 13, 2024 | $1.52 | $1.46 | -3.95% |
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 TMC the metals company Inc. (TMC) report earnings?
TMC the metals company Inc. (TMC) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is TMC the metals company Inc. (TMC) earnings time?
TMC the metals company Inc. (TMC) earnings time is at May 07, 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 TMC EPS forecast?
TMC EPS forecast for the fiscal quarter 2025 (Q1) is -0.04.
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