Financial Data and Key Metrics Changes - Gross profit for 2024 grew by 181.3%, with gross margin increasing from 5.9% in 2023 to 16.7% in 2024, reflecting the strength of the core herb business and strategic plans [10][32] - Total revenue for 2024 was $13.9 million, a 1.4% decrease from $14 million in 2023, primarily due to the exit from lower-margin product lines [29][30] - Net loss for 2024 was $11.1 million, compared to a net loss of $10.2 million in 2023, attributed to increased SG&A expenses and interest costs [33] Business Line Data and Key Metrics Changes - Revenue from the core herb business grew by 1.7 million or 16.3% year-over-year, highlighting the strength of the focused approach [12][30] - The company exited lower-margin categories like lettuce and floral, which accounted for a $1.7 million decline in revenue [30] Market Data and Key Metrics Changes - The company is expanding its retail footprint across the U.S., strengthening its presence in key consumer markets [19] - The proposed acquisition of Narayan Group aims to expand the company's international footprint and diversify product offerings [16][18] Company Strategy and Development Direction - The company refocused operations around its core herb business and launched new shelf-stable products and a clean-labeled sports nutrition line [10][11] - The strategic decision to exit lower-margin categories is expected to drive long-term profitability and operational efficiency [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence that the momentum from the second half of 2024 will carry into 2025, with a focus on higher-margin, more profitable opportunities [12][13] - The company aims to leverage its vertically integrated model to enhance efficiency and drive growth [15][19] Other Important Information - The company signed a non-binding letter of intent to acquire Narayan Group, which could significantly enhance its product offerings and operational efficiency [16][18] - The company is committed to sustainability and innovation, with initiatives like herbicide-recyclable pots contributing to CO2 emissions reduction [24] Q&A Session Summary Question: What impacted the gross margins in Q4? - Management indicated that increased labor costs during the holiday season were a significant factor affecting gross profit margins in Q4 [40][41] Question: Can you elaborate on the proposed acquisition and cross-selling opportunities? - The acquisition of Narayan Group is expected to provide cross-selling opportunities with products like coconut water and superfoods, enhancing the company's portfolio and margins [46][48] Question: What are the expectations for the sports nutrition category in 2025? - Management highlighted the growing consumer interest in clean-label supplements and the strategic launch of Kik Sports Nutrition on Amazon, indicating strong growth potential [55][56] Question: Are there any anticipated one-time charges related to exiting lower-margin products? - Management does not anticipate any additional charges beyond those already accounted for in 2023 related to exiting the lettuce and floral business [71] Question: How does the company plan to leverage vertical integration moving forward? - Management emphasized the importance of operational efficiency gained from vertical integration, which positions the company to focus on top-line growth and new product launches [78][80]

United States Antimony (UAMY) Q4 2024 Earnings Call March 20, 2025 04:15 PM ET Company Participants Gary Evans - CEO & ChairmanRichard Isaak - Senior VP & CFOLloyd Joseph Bardswich - Board Member, EVP and Chief Mining OfficerJonathan Miller - VP of Investor Relations & Global Sales Manager Operator Greetings. Welcome to United States Antimony Corporation Fiscal Year twenty twenty four Financial and Operational Results Meeting. At this time, all participants are in a listen only mode. A question and answer s ...