Reported Earnings • Apr 12
Full year 2025 earnings released: EPS: US$0.13 (vs US$0.08 in FY 2024) Full year 2025 results: EPS: US$0.13 (up from US$0.08 in FY 2024). Revenue: US$106.6m (up 7.5% from FY 2024). Net income: US$2.75m (up 57% from FY 2024). Profit margin: 2.6% (up from 1.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Mar 24
Inter-Rock Minerals Inc., Annual General Meeting, May 26, 2026 Inter-Rock Minerals Inc., Annual General Meeting, May 26, 2026. Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: US$0.039 (vs US$0.022 in 3Q 2024) Third quarter 2025 results: EPS: US$0.039 (up from US$0.022 in 3Q 2024). Revenue: US$24.1m (up 8.5% from 3Q 2024). Net income: US$856.0k (up 80% from 3Q 2024). Profit margin: 3.6% (up from 2.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to CA$1.15, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 12x in the Food industry in Canada. Total returns to shareholders of 109% over the past three years. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: US$0.049 (vs US$0.041 in 2Q 2024) Second quarter 2025 results: EPS: US$0.049 (up from US$0.041 in 2Q 2024). Revenue: US$28.1m (up 13% from 2Q 2024). Net income: US$1.07m (up 20% from 2Q 2024). Profit margin: 3.8% (up from 3.6% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Aug 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: US$0.024 (vs US$0.022 in 1Q 2024) First quarter 2025 results: EPS: US$0.024 (up from US$0.022 in 1Q 2024). Revenue: US$28.3m (up 3.7% from 1Q 2024). Net income: US$517.0k (up 8.4% from 1Q 2024). Profit margin: 1.8% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 19% per year. Announcement • Apr 01
Inter-Rock Minerals Inc., Annual General Meeting, Jun 03, 2025 Inter-Rock Minerals Inc., Annual General Meeting, Jun 03, 2025. Board Change • Feb 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 21
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: US$0.022 (vs US$0.014 in 3Q 2023) Third quarter 2024 results: EPS: US$0.022 (up from US$0.014 in 3Q 2023). Revenue: US$22.2m (up 1.7% from 3Q 2023). Net income: US$476.0k (up 54% from 3Q 2023). Profit margin: 2.1% (up from 1.4% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: US$0.041 (vs US$0.014 in 2Q 2023) Second quarter 2024 results: EPS: US$0.041 (up from US$0.014 in 2Q 2023). Revenue: US$24.9m (up 13% from 2Q 2023). Net income: US$891.0k (up 188% from 2Q 2023). Profit margin: 3.6% (up from 1.4% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. New Risk • Jun 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$11.3m (US$8.25m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 7.4% per year over the past 5 years. Market cap is less than US$10m (CA$11.3m market cap, or US$8.25m). Board Change • Jun 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 23
Full year 2023 earnings released: EPS: US$0.08 (vs US$0.023 in FY 2022) Full year 2023 results: EPS: US$0.08 (up from US$0.023 in FY 2022). Revenue: US$90.5m (up 3.8% from FY 2022). Net income: US$1.77m (up 241% from FY 2022). Profit margin: 2.0% (up from 0.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Board Change • Apr 23
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Mar 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.2m (US$8.96m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 5.9% per year over the past 5 years. Market cap is less than US$10m (CA$12.2m market cap, or US$8.96m). Announcement • Mar 26
Inter-Rock Minerals Inc., Annual General Meeting, May 30, 2024 Inter-Rock Minerals Inc., Annual General Meeting, May 30, 2024. Board Change • Mar 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 07
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: US$0.014 (vs US$0.055 in 3Q 2022) Third quarter 2023 results: EPS: US$0.014 (down from US$0.055 in 3Q 2022). Revenue: US$21.8m (down 17% from 3Q 2022). Net income: US$309.0k (down 75% from 3Q 2022). Profit margin: 1.4% (down from 4.6% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. New Risk • Oct 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$15.6m (US$11.3m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (CA$15.6m market cap, or US$11.3m). Minor Risk Profit margins are more than 30% lower than last year (0.3% net profit margin). Board Change • Oct 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 06
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Aug 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (CA$15.6m market cap, or US$11.5m). Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: US$0.014 (vs US$0.017 in 2Q 2022) Second quarter 2023 results: EPS: US$0.014 (down from US$0.017 in 2Q 2022). Revenue: US$21.9m (down 9.2% from 2Q 2022). Net income: US$309.0k (down 16% from 2Q 2022). Profit margin: 1.4% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Board Change • Aug 08
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: US$0.023 (vs US$0.071 in FY 2021) Full year 2022 results: EPS: US$0.023 (down from US$0.071 in FY 2021). Revenue: US$87.2m (up 36% from FY 2021). Net income: US$519.0k (down 67% from FY 2021). Profit margin: 0.6% (down from 2.5% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Board Change • Jan 11
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 19
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 26
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: US$0.017 (vs US$0.032 in 2Q 2021) Second quarter 2022 results: EPS: US$0.017 (down from US$0.032 in 2Q 2021). Revenue: US$24.2m (up 43% from 2Q 2021). Net income: US$369.0k (down 48% from 2Q 2021). Profit margin: 1.5% (down from 4.2% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Aug 03
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 27
First quarter 2022 earnings released: EPS: US$0.038 (vs US$0.018 in 1Q 2021) First quarter 2022 results: EPS: US$0.038 (up from US$0.018 in 1Q 2021). Revenue: US$17.6m (down 1.7% from 1Q 2021). Net income: US$840.0k (up 107% from 1Q 2021). Profit margin: 4.8% (up from 2.3% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 24% per year. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: US$0.071 (vs US$0.09 in FY 2020) Full year 2021 results: EPS: US$0.071 (down from US$0.09 in FY 2020). Revenue: US$64.2m (up 24% from FY 2020). Net income: US$1.57m (down 22% from FY 2020). Profit margin: 2.5% (down from 3.9% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 29% per year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 02
Inter-Rock Minerals Inc., Annual General Meeting, Jun 01, 2022 Inter-Rock Minerals Inc., Annual General Meeting, Jun 01, 2022. Board Change • Mar 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Feb 10
United States Lime & Minerals, Inc. (NasdaqGS:USLM) acquired Mill Creek Dolomite, LLC from Inter-Rock Minerals Inc. (TSXV:IRO) for $6.4 million. United States Lime & Minerals, Inc. (NasdaqGS:USLM) acquired Mill Creek Dolomite, LLC from Inter-Rock Minerals Inc. (TSXV:IRO) for $6.4 million on February 9, 2022. The total consideration was $6.4 million in cash, excluding Mill Creek debt and accrued interest of $2.24 million that was repaid at closing with a portion of the proceeds of the sale. After the repayment of debt and initial working capital adjustments, Inter-Rock Minerals Inc. will receive net cash of $3.53 million, subject to further working capital and other adjustments, if any.
United States Lime & Minerals, Inc. (NasdaqGS:USLM) completed the acquisition of Mill Creek Dolomite, LLC from Inter-Rock Minerals Inc. (TSXV:IRO) on February 9, 2022. Board Change • Jan 19
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 31
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 26
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: US$16.6m (up 38% from 3Q 2020). Net income: US$367.0k (down 45% from 3Q 2020). Profit margin: 2.2% (down from 5.5% in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Board Change • Nov 02
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Scott Kelly was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS US$0.03 (vs US$0.003 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$17.9m (up 26% from 2Q 2020). Net income: US$668.0k (up US$737.0k from 2Q 2020). Profit margin: 3.7% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 27
First quarter 2021 earnings released: EPS US$0.018 (vs US$0.03 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: US$17.8m (up 22% from 1Q 2020). Net income: US$406.0k (down 40% from 1Q 2020). Profit margin: 2.3% (down from 4.6% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS US$0.079 (vs US$0.072 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: US$55.5m (up 24% from FY 2019). Net income: US$1.78m (up 8.9% from FY 2019). Profit margin: 3.2% (down from 3.7% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 25
Third quarter 2020 earnings released: EPS US$0.03 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$12.1m (up 8.8% from 3Q 2019). Net income: US$669.0k (up 18% from 3Q 2019). Profit margin: 5.5% (up from 5.1% in 3Q 2019). The increase in margin was driven by higher revenue. 
