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Verde Agritech Plc J (TSE:NPK)
TSX:NPK
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.07Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: 20.90%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with successful cost-cutting measures and debt renegotiations as positive aspects. However, significant challenges remain, such as declining sales, revenue, and cash position, compounded by a tough economic environment and credit market issues in Brazil.Company Guidance
During the Q3 2024 earnings call for Verde AgriTech, several key metrics and market insights were addressed. The company reported sales of 101,000 tonnes in Q3 2024, slightly down from 108,000 tonnes in the same quarter of 2023. Revenue also declined to CAD 7.1 million from CAD 9.4 million the previous year, reflecting a challenging market environment. Despite these setbacks, Verde AgriTech managed to improve its EBITDA, reducing it from a negative CAD 620,000 in Q3 2023 to nearly breaking even at CAD 30,000 negative in Q3 2024. The call highlighted significant cost reduction efforts, including a 21% decrease in general and administrative expenses and a 43% reduction in sales agent fees. The company's total loan balance stood at CAD 42.2 million, with cash and receivables totaling CAD 14.7 million, marking a decrease from CAD 25.4 million in 2023. The management discussed the impacts of fluctuating KCl prices, which have dropped significantly to around $285 per tonne in Brazil, and the challenging credit environment for farmers due to high interest rates. Additionally, Verde AgriTech outlined its strategic focus on expanding market presence through field sales teams and exploring opportunities in carbon monetization and rare earths, while emphasizing the need for a conservative approach to credit risk.Cost Reduction Efforts
The company achieved a reduction in general and administrative expenses by 21% in the quarter and 13% year-to-date.
Improvement in EBITDA
EBITDA before non-cash events was almost zero or CAD 30,000 negative, compared to CAD 620,000 in 2023, showing an improvement.
Successful Debt Renegotiation
The company has successfully renegotiated 92% of its debt with creditors, aiming to move 95% of total loans to long-term.
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TSE:NPK 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:NPK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | C$0.67 | C$0.67 | 0.00% |
| Aug 13, 2024 | C$0.71 | C$0.67 | -5.63% |
| May 15, 2024 | C$0.68 | C$0.63 | -7.35% |
| Mar 28, 2024 | C$1.22 | C$1.20 | -1.64% |
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 Verde Agritech Plc J (TSE:NPK) report earnings?
Verde Agritech Plc J (TSE:NPK) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Verde Agritech Plc J (TSE:NPK) earnings time?
Verde Agritech Plc J (TSE:NPK) earnings time is at Mar 27, 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:NPK EPS forecast?
Currently, no data Available
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