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Electra Battery Materials Corp (TSE:ELBM)
:ELBM
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Earnings Data
Report Date
Apr 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.16Last Year’s EPS
-0.88Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: -26.01%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted significant progress in partnerships, debt restructuring, and technical advancements in black mass processing. However, financial concerns were noted with a decrease in cash reserves and dependency on external funding. Overall, the sentiment leans positive due to the strategic achievements and future potential in the battery materials market.Company Guidance
During the Electra Battery Materials Corporation's Q4 2023 earnings call, the company provided key guidance metrics and strategic updates. Electra held $8.2 million in cash and marketable securities at the end of Q4, down from $15.7 million the previous quarter, attributed to capital costs for refinery construction and the black mass trial. A $5 million government grant and $5.1 million in pending government commitments were highlighted as future financial contributions. The company’s debt restructuring led to a private placement of USD 51 million in senior secured convertible notes, resulting in net proceeds of USD 13.7 million. Electra's refinery project is approximately 40% constructed, with facilities expanded to 105,000 square feet. The company achieved significant milestones in its black mass trial, producing 28 tonnes of nickel-cobalt MHP and advancing lithium carbonate purity to 96-97%. Looking ahead, Electra requires approximately USD 60 million to complete construction for commissioning, with a focus on non-dilutive funding solutions. They also emphasized strategic partnerships, including agreements with Glencore and Eurasian Resources Group for feedstock, and LG Energy Solution for offtake, which will purchase 80% of production.Successful Partnerships and Agreements
Electra secured a feedstock agreement with Eurasian Resources Group, one of the largest cobalt miners globally, and strengthened its relationship with LG Energy Solution, increasing the offtake agreement for cobalt sulfate.
Debt Restructuring
Electra restructured its debt by closing a private placement of USD 51 million in senior secured convertible notes, canceling the previous USD 37 million debt, and reducing potential dilution.
Black Mass Trial and Product Improvements
Electra's black mass trial showed improved recovery rates for metals like lithium and nickel, and achieved lithium carbonate nearing technical grade at 96% to 97% purity.
Safety and Construction Progress
Electra reported over 80,000 work hours without lost time incidents and completed significant construction progress, adding 60,000 square feet to plant facilities.
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Electra Battery Materials Corp (TSE:ELBM) Earnings, Revenues Date & History
TSE:ELBM 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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TSE:ELBM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$2.96 | C$2.88 | -2.70% |
| Aug 14, 2024 | C$2.00 | C$2.04 | +2.00% |
| May 22, 2024 | C$2.60 | C$2.52 | -3.08% |
| May 13, 2024 | C$2.48 | C$2.52 | +1.61% |
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 Electra Battery Materials Corp (TSE:ELBM) report earnings?
Electra Battery Materials Corp (TSE:ELBM) is schdueled to report earning on Apr 10, 2025, TBA Not Confirmed.
What is Electra Battery Materials Corp (TSE:ELBM) earnings time?
Electra Battery Materials Corp (TSE:ELBM) earnings time is at Apr 10, 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 TSE:ELBM EPS forecast?
TSE:ELBM EPS forecast for the fiscal quarter 2024 (Q4) is -0.16.
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