Sigma Lithium Third Quarter 2024 Earnings: Misses Expectations

Sigma Lithium (NASDAQ:SGML) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$28.3m (down 78% from 3Q 2023).
• Net loss: CA$34.2m (down by 170% from CA$48.9m profit in 3Q 2023).
• CA$0.31 loss per share (down from CA$0.45 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sigma Lithium Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 17%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Metals and Mining industry in the US.

Performance of the American Metals and Mining industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Sigma Lithium's balance sheet health.

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