Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 4.63K | 10.76K | 16.18K | 19.25K | 0.00 | 0.00 |
Gross Profit | -41.57K | 10.76K | -89.50K | -152.98K | -35.74K | 0.00 |
EBITDA | -500.96K | -1.01M | -3.00M | -6.64M | -174.35K | -80.84K |
Net Income | -535.90K | -1.07M | -4.19M | -6.98M | -376.61K | -84.14K |
Balance Sheet | ||||||
Total Assets | 2.53M | 2.91M | 3.36M | 6.03M | 2.49M | 5.04K |
Cash, Cash Equivalents and Short-Term Investments | 271.81K | 244.97K | 193.01K | 2.91M | 2.33M | 3.03K |
Total Debt | 0.00 | 0.00 | 56.36K | 160.40K | 0.00 | 55.00K |
Total Liabilities | 272.41K | 763.88K | 483.05K | 870.67K | 144.86K | 357.56K |
Stockholders Equity | 2.26M | 2.15M | 2.87M | 5.16M | 2.35M | -352.53K |
Cash Flow | ||||||
Free Cash Flow | -265.50K | -720.31K | -3.26M | -3.87M | -352.91K | -64.30K |
Operating Cash Flow | -265.49K | -720.31K | -3.06M | -3.83M | -185.00K | -64.30K |
Investing Cash Flow | 164.38K | 730.43K | 1.94M | -4.48M | -159.49K | 5.00K |
Financing Cash Flow | -28.70K | -57.39K | 651.47K | 6.67M | 2.67M | 55.00K |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
49 Neutral | C$25.51M | -3.92 | -0.50% | ― | ― | -10100.00% | |
49 Neutral | C$2.14B | -26.36 | ― | ― | ― | ― | |
34 Underperform | C$5.42M | ― | -17.80% | ― | ― | 83.87% | |
30 Underperform | C$131.62M | -10.92 | ― | ― | ― | 78.04% | |
27 Underperform | C$2.79M | -0.96 | ― | ― | ― | 67.30% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
Grounded Lithium Corp. reported its 2024 year-end financial and operational results, highlighting a strategic partnership with Denison Mines Corp. This partnership allows Denison to gain a majority interest in the Kindersley Lithium Project by funding project expenditures, which supports GLC’s efforts to advance the project without diluting its interests. The collaboration has initiated technical studies to support a Pre-Feasibility Study, marking a significant step towards commercial production. The company’s financial results show a reduced net comprehensive loss and cash flow used in operations compared to the previous year, indicating improved financial management. The ongoing technical work and the anticipated completion of a Pre-Feasibility Study are expected to enhance shareholder value and strengthen GLC’s position in the lithium industry.
Spark’s Take on TSE:GRD Stock
According to Spark, TipRanks’ AI Analyst, TSE:GRD is a Underperform.
Grounded Lithium’s stock score reflects significant financial struggles with negative profitability and cash flows despite revenue growth. Technical analysis signals a bearish trend, compounded by valuation issues due to a negative P/E ratio. Though recent corporate events are positive, they do not sufficiently offset the financial and operational challenges.
To see Spark’s full report on TSE:GRD stock, click here.