Financial Data and Key Metrics Changes - The company reported significant changes in financial performance, with specific metrics to be detailed in the earnings release [4]. Business Line Data and Key Metrics Changes - Detailed performance metrics for each business line will be provided by the CFO during the financial results review [2]. Market Data and Key Metrics Changes - Market-specific data and performance indicators will be discussed in the context of the company's operational updates [2]. Company Strategy and Development Direction - The company is expected to outline its strategic direction and competitive positioning within the industry during the call [2]. Management's Comments on Operating Environment and Future Outlook - Management will provide insights on the current operating environment and future expectations, highlighting any potential challenges or opportunities [3]. Other Important Information - The call will include forward-looking statements and non-GAAP financial measures, with reconciliations available in the earnings release [3][4]. Q&A Session Summary Question: What are the expectations for future revenue growth? - Management will address revenue growth expectations during the Q&A session, providing insights into market conditions and company strategies [2]. Question: How is the company positioned against competitors? - The competitive landscape and the company's positioning will be discussed, focusing on strategic advantages and market share [2]. Question: What are the key risks identified for the upcoming quarters? - Management will outline key risks that could impact performance in the near term, including market volatility and operational challenges [3].

Company Performance - Piedmont Lithium Inc. reported a quarterly loss of $0.86 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.46, and a significant decline from earnings of $0.88 per share a year ago, indicating an earnings surprise of -86.96% [1] - The company posted revenues of $27.66 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 15.93%, and a decrease from year-ago revenues of $47.13 million [2] - Piedmont Lithium shares have lost about 57% since the beginning of the year, contrasting sharply with the S&P 500's gain of 25.8% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.28 on revenues of $49 million, and for the current fiscal year, it is -$2.66 on revenues of $108.52 million [7] - The estimate revisions trend for Piedmont Lithium is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6] Industry Context - The Mining - Miscellaneous industry, to which Piedmont Lithium belongs, is currently in the bottom 29% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment and stock performance [5]

Financial Performance - Piedmont Lithium reported record shipments of approximately 31,500 dmt of spodumene concentrate in Q3'24, generating revenue of $27.7 million with a realized price of $878 per dmt[2]. - Piedmont's gross profit margin for Q3'24 was 9.6%, with a gross profit of $2.7 million, compared to a gross profit margin of 50.4% and $23.8 million in Q3'23[6]. - Piedmont recorded a net loss of $16.7 million in Q3'24, with an adjusted net loss of $8.1 million[6]. - Revenue for the three months ended September 30, 2023, was $27.663 million, compared to $47.127 million for the same period in 2022[20]. - Gross profit for the three months ended September 30, 2023, was $2.653 million, down from $23.764 million year-over-year[20]. - Net loss for the three months ended September 30, 2023, was $16.687 million, compared to a net income of $22.891 million in the same period last year[20]. - Basic earnings per share for the three months ended September 30, 2023, was $(0.86), compared to $1.19 for the same period in 2022[20]. - Net loss for the nine months ended September 30, 2024, was $53,630,000 compared to a net income of $3,613,000 for the same period in 2023[22]. - Adjusted net loss income for the three months ended September 30, 2024, was $(8,133,000), translating to an adjusted diluted EPS of $(0.42)[24]. - Net loss for the three months ended September 30, 2024, was $16,687,000 compared to a net income of $22,891,000 for the same period in 2023, representing a significant decline[26]. Production and Shipments - North American Lithium (NAL) achieved a quarterly production record of approximately 52,100 dmt in Q3'24, up 5% from Q2'24, with mill utilization reaching 91%[8]. - The company expects to ship between 41,000 to 55,000 dmt of spodumene concentrate in Q4'24, aiming for total shipments of approximately 102,000 to 116,000 dmt in 2024[2]. - Shipments for Q4'24 are expected to be between 41,000 to 55,000 dmt, with a total forecast of 102,000 to 116,000 dmt for the full year 2024[14]. Cost Management and Savings - The company expects to achieve $14 million in annual cost savings in 2024 following a 48% reduction in workforce since February 2024[7]. - Capital expenditures for Q4'24 are projected to be less than $1 million, with full-year guidance of $11 to $12 million[14]. - The company incurred restructuring and impairment charges of $4,563,000 related to the 2024 Cost Savings Plan and impairment of fixed assets associated with Tennessee Lithium[26]. Cash and Assets - The company has $64.4 million in cash and cash equivalents as of September 30, 2024, and entered into a non-dilutive $25 million working capital facility[1]. - Cash and cash equivalents decreased from $71,730,000 at the beginning of the period to $64,358,000 at the end of the period, a decrease of approximately 7.7%[22]. - Total current assets decreased from $76,154,000 as of December 31, 2023, to $73,654,000 as of September 30, 2024, a decline of approximately 3.3%[21]. - Total liabilities decreased from $48,925,000 as of December 31, 2023, to $43,021,000 as of September 30, 2024, a reduction of approximately 12.1%[21]. - Total stockholders' equity decreased from $332,330,000 as of December 31, 2023, to $286,206,000 as of September 30, 2024, a decline of approximately 13.9%[21]. Regulatory and Project Developments - The Ewoyaa Lithium Project in Ghana received both an environmental permit and a Mine Operating Permit, marking significant regulatory progress[3]. - Carolina Lithium is positioned to benefit from the U.S. Department of the Treasury's 45X final rule guidance, which could enhance the project's after-tax economics[12]. - Piedmont plans to shift its proposed Tennessee Lithium conversion capacity to Carolina Lithium, aiming to increase U.S. lithium hydroxide production efficiency[13]. Investments and Affiliates - Investments in and advances to affiliates are expected to be $27 to $29 million for the full year 2024, with $25 million year-to-date[14]. - Advances to affiliates increased from $28,189,000 as of December 31, 2023, to $39,208,000 as of September 30, 2024, an increase of approximately 39.0%[21]. - The company reported a loss from equity method investments of $13,864,000 for the nine months ended September 30, 2024, compared to a loss of $1,565,000 for the same period in 2023[22]. Other Financial Metrics - Adjusted EBITDA for the three months ended September 30, 2024, was $(8,706,000), a decrease from $(13,153,000) in the previous quarter and an increase from $16,180,000 in the same quarter last year[26]. - Loss on sale of assets amounted to $35,000 for the three months ended September 30, 2024, compared to a loss of $656,000 in the previous quarter[26]. - The company recognized a noncash gain on dilution from equity method investments primarily due to Piedmont's decision not to participate in Sayona Mining's share issuances[26]. - Other costs, including legal and transactional costs, totaled $1,592,000 for the three months ended September 30, 2024[26]. - The company experienced foreign currency exchange losses of $(266,000) related to fluctuations in Canadian and Australian dollars[26].

Wall Street expects a year-over-year decline in earnings on lower revenues when Piedmont Lithium Inc. (PLL) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the ...

Piedmont Lithium Inc. (PLL) shares ended the last trading session 11.3% higher at $9.20. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.6% gain over the past four weeks. Shares of Piedmont Lithium gained since the news that it has established an At Market Issuance Sales Agreement with B. Riley Securities, Inc. The agreement allows Piedmont Lithium to potentially sell common stock through B. Riley Securities. Thi ...

Piedmont Lithium Inc. (PLL) came out with a quarterly loss of $0.69 per share versus the Zacks Consensus Estimate of a loss of $0.29. This compares to loss of $0.55 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -137.93%. A quarter ago, it was expected that this company would post a loss of $0.54 per share when it actually produced a loss of $0.61, delivering a surprise of -12.96%. Over the last four quarters, the company ha ...

All assay results of the 2023 drilling campaign are now complete, validated and released. New drilling results illustrate the potential connection between the Main, South, New South, Inter and Moleon sectors within a single extensive lithium mineralised system. New 3D geological modelling is underway to consider all 2023 drilling results as part of an updated Mineral Resource Estimate (MRE). Further drilling program of 70,000m to be completed throughout 2024. All the drilling results from the latest explora ...

The new drillhole results reinforce the project's status as the centrepiece of Sayona's Eeyou-Istchee James Bay hub in northern Quebec, and highlight its potential to expand the existing mineral resource base at Moblan. Sayona's Interim CEO, James Brown commented: "We are delighted with the thick, high-grade drilling results at Moblan confirming it is one of the premier hard rock lithium deposits in North America. Most excitingly, it is clear there remains considerable potential for further expansion of the ...

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission File Number 001-38427 Piedmont Lithium Inc. Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 10-Q ________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR (Exact name of R ...

$21 $67 ई3 $6 ($2) $4 #32 1/1/24 Changes in Changes in Changes in Changes in Changes in 3/31/24 Working capital represents current assets less current liabilities. PATRICK BRINDLE NAL OPERATIONAL RESULTS SUMMARY | --- | --- | --- | --- | --- | |------------------------------------------|-----------------|-------|-------|-------| | | Unit | Q1'24 | Q4'23 | Q3'23 | | Piedmont Lithium | | | | | | Concentrate shipped to third parties | dmt thousands | 15.5 | 14.2 | 29.0 | | North American Lithium | | | | | | Co ...