Financial Performance - enCore reported total revenue of 58millionforfiscalyear2024,a16322 million in 2023, primarily due to increased uranium extraction[5] - The company recorded a net loss of 61.3millionfor2024,comparedtoanetlossof25.6 million in 2023, with a loss per share of 0.34[7]−enCore′scashandcashequivalentsatyear−end2024totaled39.7 million[7] - enCore's transition to U.S. GAAP is expected to lower future non-cash expenses, positively impacting reported earnings[4] Uranium Sales and Production - enCore completed eight uranium sales totaling 720,000 pounds U3O8 at an average sales price of 81.02perpoundU3O8in2024[7]−Thecompanycaptured288,589poundsU3O8onionexchangeresinin2024,thelargestamountbyanyU.S.producer[7]−enCorehasexecutedtwelveuraniumsalesagreements,representing8.30millionpoundsU3O8incommittedsalesfrom2025through2033[9]−Thecompanyincreaseditsdrillingrigcountto17inSouthTexastoenhanceuraniumextractioncapacity[9]−Thecompanyplanstoadvanceextraction−readyprojectsandstrengthenitsISRuraniumproductioncapacityin2025[8]InventoryManagement−AsofDecember31,2024,enCoreheld358,408poundsU3O8asinventoryafteracquiring825,000poundsduringtheyear[7]−TotalinventoryheldbythecompanyasofDecember31,2024,isvaluedat20,967,000[26] - The company has purchased inventory at a cost of 14,407,920,representingasignificantportionoftotalinventory[26]−TotalextractedU3O8inventoryamountsto358,408pounds,with113,408poundsextractedand245,000poundspurchased[26]CostStructure−Cashcostsassociatedwithextractedinventoryamountto4,883,059, indicating operational efficiency[26] - Non-cash costs related to extracted inventory total 1,676,022,impactingoverallcoststructure[27]−ThecostperpoundoftotalextractedU3O8is57.84, with cash costs at $43.06 per pound[26] - The company’s cash costs of extracted pounds serve as a key metric for evaluating extraction efficiency[26] - Non-cash costs provide insight into additional expenses affecting financial performance[27]
enCore Energy(EU)2025-03-03 13:50