The earnings call highlighted Jervois' ongoing strategic initiatives, positive EBITDA in Finland, and increased sales volumes. However, challenges persist with weak cobalt prices due to oversupply, cash utilization concerns, and operational disruptions from port strikes.
Company Guidance
In the Q1 2024 earnings call for Jervois Global (JRV.AX), several key metrics and guidance were discussed. Jervois Finland achieved USD 40 million in revenue and an adjusted EBITDA of USD 0.7 million, marking the fourth consecutive quarter of positive EBITDA despite challenges from low cobalt prices, which averaged USD 12.60 per pound due to Chinese oversupply. The company's cash balance stood at USD 26.6 million at the end of the quarter. Sales volumes increased by 13% from the prior quarter to 1,239 metric tons, though they were slightly below historical averages due to Finnish port strikes affecting both market sales and inbound shipments. The balance sheet initiatives remain focused on enhancing liquidity, with holding costs for the Idaho Cobalt Operations and S&P assets maintained at USD 1 million and USD 0.5 million per month, respectively. Looking ahead, production and sales volumes for Q2 are expected to be lower than historical averages due to ongoing supply chain disruptions, but all other guidance metrics remain unchanged.
Jervois Finland Revenue and EBITDA
Jervois Finland contributed USD 40 million in revenue for the quarter and adjusted EBITDA of USD 0.7 million, marking the fourth consecutive quarter of positive EBITDA.
Strategic Partnerships and Government Engagement
Continued discussions on partnership transactions and engagement with the U.S. government on financial partnership initiatives, including Department of Defense funding for exploration and feasibility studies.
Sales Volume Increase
Sales volumes for the quarter were 1,239 metric tons, a 13% increase relative to the prior quarter.
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Jervois Global Limited (JRVMF) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JRVMF Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Apr 30, 2024
$0.01
$0.01
0.00%
Nov 13, 2023
$0.02
$0.02
0.00%
Aug 17, 2023
$0.04
$0.04
0.00%
Apr 27, 2023
$0.06
$0.07
+16.67%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Jervois Global Limited (JRVMF) report earnings?
Jervois Global Limited (JRVMF) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Jervois Global Limited (JRVMF) earnings time?
Jervois Global Limited (JRVMF) earnings time is at Mar 06, 2025, TBA Not Confirmed.
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