Energy Fuels(US:UUUU) ZACKSยท2025-02-28 18:41Core Viewpoint Energy Fuels reported a wider-than-expected loss in Q4 and for the fiscal year 2024, primarily due to transaction costs from acquisitions and increased operational expenses, despite significant revenue growth driven by uranium and Heavy Mineral Sands sales. Financial Performance - Energy Fuels reported a Q4 fiscal 2024 loss per share of 19 cents, missing the Zacks Consensus Estimate of breakeven earnings per share, compared to a loss of 13 cents per share in the same quarter last year [1][2] - The company reported a total loss of 28 cents per share for 2024, wider than the Zacks Consensus Estimate of a loss of 10 cents [2] - Revenues for Q4 2024 were approximately $40 million, missing the Zacks Consensus Estimate of $45 million, but significantly higher than $0.5 million in the year-ago quarter [5] - Total revenues for 2024 reached $78 million, marking a 106% increase from $38 million in 2023, surpassing the Zacks Consensus Estimate of $72 million [5] Revenue Breakdown - The year-over-year revenue increase was attributed to Heavy Mineral Sands (HMS) revenues following the acquisition of Base Resources, alongside a 9% increase in uranium revenues [6] - Energy Fuels sold 450,000 pounds of uranium in 2024 at an average price of $84.23 per pound, compared to 560,000 pounds sold at $59.42 in 2023 [6][7] - HMS segment revenues were $39.87 million in 2024, with no revenues from the Rare Earth Element (REE) segment [9] Cost and Expenses - Costs applicable to revenues in Q4 were $39 million, while for 2024, these costs soared 208% to around $56 million [10] - General and administrative expenses were approximately $9.9 million in Q4, a significant year-over-year increase of 293%, and totaled $31 million for 2024, a 34% increase from 2023 [11] Operating Loss - Energy Fuels reported an operating loss of $28.6 million in Q4 2024, compared to a loss of $14.4 million in the same quarter last year, with a total operating loss of $47.5 million for 2024, wider than the loss of $32.4 million in 2023 [12] Cash Position - The company used $44 million in cash for operating activities in 2024, compared to an outflow of $15 million in 2023, ending 2024 with $170.90 million in working capital [13] Inventory and Contracts - As of December 31, 2024, Energy Fuels held 1,118,000 pounds of uranium in inventory and added a fourth long-term uranium sales contract, expecting to deliver 270,000-330,000 pounds between 2026 and 2027 [14][15] Stock Performance - Energy Fuels shares have declined by 37.4% over the past year, contrasting with an 11% growth in the industry [16]