TMC Q3 net loss $27.9M, successful nodule collection trial and $66.9M cash

TMC the metals Co Inc.

2022-Q3 EPS reported $0.27

Net loss $27.9M ($0.12/share) in Q3 2022 vs $36.6M ($0.18/share) in Q3 2021.
Cash $66.9M, no debt; cash expected to fund operations past July 2023.
Pilot collection trial lifted 3,000 tonnes of nodules from 4,500 tonnes collected; max rate 86.4 tons/hour.
CDO Anthony O'Sullivan resigned; Grant Lindner appointed NORI Project Director; board changes include Greig and Khama.
Exploration expenses $22.7M, G&A $5.9M; warrant value decreased $0.4M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TMC the metals Co Inc. reported the quarter ended September 30, 2022 results: net income Net loss of $27.9 million, EPS loss per share of $0.12.

Period: the quarter ended September 30, 2022
Net income: Net loss of $27.9 million
EPS: loss per share of $0.12
Result: reported results

Exact text from the filing

Net loss of $27.9 million and loss per share of $0.12 for the quarter ended September 30, 2022.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

TMC the metals Co Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-118991

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.