5E Advanced Materials reports Q1 net income of $4.6M, driven by $13.9M derivative gain

5E Advanced Materials, Inc.

2023-Q1 EPS reported $0.11

Cash balance of $74.2M ($64.2M available) at Sep 30, 2022; construction in progress $33.3M for SSBF.
Net income $4.6M vs loss $9.5M YoY; operating loss $8.6M vs $10.6M YoY.
Project expenses decreased 25% YoY; G&A decreased 16% YoY mainly due to non-recurring costs.
Small-Scale Boron Facility on target for mechanical completion in CY2022.
Board enhanced with three U.S. directors; research partnership with Boston College on boron solar.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

5E Advanced Materials, Inc. reported the three months ended September 30, 2022 results: net income $ 4,606.

Period: the three months ended September 30, 2022
Net income: $ 4,606
Result: reported results

Exact text from the filing

NET INCOME (LOSS) $ 4,606 $ (9,469 ) $ 14,075 -149 %

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5E Advanced Materials, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-22-024547

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