The call highlighted a significant transaction with Expander Energy and receipt of a non-dilutive grant, suggesting strategic advancements. However, financial challenges such as a net loss and working capital deficiency indicate ongoing financial hurdles.
Company Guidance
During the Cielo Waste Solutions Second Quarter 2024 earnings call, several key financial metrics and transactions were discussed. The company reported total assets of $13.9 million and total liabilities of $5.3 million as of October 31, 2023, with a working capital deficiency of $2.1 million. The quarter saw financing costs of $60,000, general and administrative expenses of $616,000, research and development costs of $221,000, and a non-cash stock-based compensation of $187,000, leading to a net loss of $1.4 million. A significant transaction was the sale of the Fort Saskatchewan property, which involved retiring an $11 million second mortgage. Additionally, a licensing agreement with Expander Energy resulted in the issuance of 906 million common shares valued at $45 million. The company also launched a private placement of flow-through shares to raise up to $6 million and received a $0.5 million grant from Alberta Innovates for a feedstock trial. Management is considering strategic timing for a reverse share consolidation and aims to minimize future dilution by exploring non-dilutive funding opportunities for upcoming projects.
IP Licensing Agreement with Expander Energy
Closed a transaction with Expander Energy, resulting in the issuance of 906 million common shares valued at $45 million.
Receipt of Non-Dilutive Grant
Approved for a $0.5 million grant by Alberta Innovates for the feedstock trial in Aldersyde.
Shareholder Approval for Reverse Consolidation
Received shareholder approval for the reverse consolidation of shares at the Annual General Meeting.
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Cielo Waste Solutions (TSE:CMC) 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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TSE:CMC Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Apr 02, 2025
C$0.06
C$0.06
0.00%
Dec 27, 2024
C$0.09
C$0.10
+11.11%
Aug 29, 2024
C$0.14
C$0.14
0.00%
Mar 28, 2024
C$0.27
C$0.26
-3.70%
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 Cielo Waste Solutions Inc (TSE:CMC) report earnings?
Cielo Waste Solutions Inc (TSE:CMC) is schdueled to report earning on Sep 24, 2025, TBA Not Confirmed.
What is Cielo Waste Solutions Inc (TSE:CMC) earnings time?
Cielo Waste Solutions Inc (TSE:CMC) earnings time is at Sep 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.