Sigma Lithium Surpasses EPS Expectations Despite Revenue Shortfall

Published 1 hours agoSGML

Sigma Lithium Surpasses EPS Expectations Despite Revenue Shortfall

Sigma Lithium Corporation recently announced its financial results, showcasing a mixed performance for the quarter. The company reported a GAAP earnings per share (EPS) of $0.04, exceeding analyst expectations. However, their revenue fell short, totaling $20.9 million against a consensus estimate of $72.5 million, as reported by Benzinga.

The company achieved a production milestone by delivering 60,237 tonnes of Quintuple Zero Lithium Concentrate, outperforming their guidance and achieving a 22% production increase from the previous quarter. Operating costs remained competitive, averaging $513 per tonne CIF China. Sigma also ended the period with a robust cash flow of $34 million and reduced their debt by $40 million, finishing with $66 million in cash.

Sigma Lithium has strategically shifted its commercial approach to leverage seasonal trends, securing average sales prices of $820 per tonne—above market benchmarks. Additionally, they strengthened their expansion plans by securing a $487 million development loan from the Brazilian Development Bank to fund their Phase 2 expansion efforts. These steps are aligned with enhancing its strategic positioning in the competitive lithium market.

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Sigma Lithium Surpasses EPS Expectations Despite Revenue Shortfall

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1 hours agoSGML

Sigma Lithium Corporation recently announced its financial results, showcasing a mixed performance for the quarter. The company reported a GAAP earnings per share (EPS) of $0.04, exceeding analyst expectations. However, their revenue fell short, totaling $20.9 million against a consensus estimate of $72.5 million, as reported by Benzinga. The company achieved a production milestone by delivering 60,237 tonnes of Quintuple Zero Lithium Concentrate, outperforming their guidance and achieving a 22% production increase from the previous quarter. Operating costs remained competitive, averaging $513 per tonne CIF China. Sigma also ended the period with a robust cash flow of $34 million and reduced their debt by $40 million, finishing with $66 million in cash. Sigma Lithium has strategically shifted its commercial approach to leverage seasonal trends, securing average sales prices of $820 per tonne—above market benchmarks. Additionally, they strengthened their expansion plans by securing a $487 million development loan from the Brazilian Development Bank to fund their Phase 2 expansion efforts. These steps are aligned with enhancing its strategic positioning in the competitive lithium market.

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