Uranium Energy (US:UEC) ZACKSยท2025-03-17 15:40Core Insights - Uranium Energy (UEC) reported a second-quarter fiscal 2025 adjusted loss per share of one cent, missing the Zacks Consensus Estimate of break-even earnings per share, compared to earnings of one cent per share in the same quarter last year [1] - The company achieved revenues of $49.8 million, exceeding the Zacks Consensus Estimate of $41 million, driven by the sale of 600,000 pounds of uranium at $82.92 per pound [2] - UEC's total operating expenses surged 80% year over year to $21.9 million, impacting margins despite a gross profit of $18.23 million [4][5] Financial Performance - UEC's total cost of sales and services was $31.5 million in the fiscal second quarter, significantly higher than $0.097 million in the same quarter of fiscal 2024 [4] - Mineral property expenditures increased by 113% to approximately $14.2 million from $6.7 million in the prior year [5] - The company reported an operating loss of $3.63 million, an improvement from an operating loss of $12.1 million in the year-ago quarter [5] Inventory and Future Plans - As of January 31, 2025, UEC held 1,356,000 pounds of purchased uranium concentrate inventory, valued at $97.3 million at current prices [3] - The company plans to purchase an additional 300,000 pounds of uranium at $37.05 per pound under existing contracts in December 2025 [3] Strategic Developments - UEC successfully commissioned the drying and packaging circuit at the Irigaray Central Processing Plant, with ongoing ramp-up at the Christensen Ranch [7] - The company completed the acquisition of a portfolio of uranium mining projects from Rio Tinto for $175 million in cash, enhancing its production capabilities [8][9] Market Performance - UEC's shares have declined by 20.3% over the past year, compared to a 6.1% decline in the industry [10]