TMC reports net loss of $109.6M in Q4 2022 and $171M for FY 2022; cash $46.8M

TMC the metals Co Inc.

Net loss Q4 2022 $109.6M ($0.41 loss per share) vs $19.8M ($0.09) in Q4 2021.
Full-year net loss $171M ($0.71 per share) vs $141.3M ($0.69) in 2021.
Recorded $69.9M warrant expense and $8.7M shares to Allseas upon successful pilot trial.
Secured $25M unsecured credit facility from Allseas parent, maturing May 2024.
MoU with PAMCO to evaluate processing 1.3M tonnes/year of nodules at Hachinohe smelter in 2025.

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 full year ended December 31, 2022 results: net income net loss of $171 million, EPS $0.71 per share.

Period: the full year ended December 31, 2022
Net income: net loss of $171 million
EPS: $0.71 per share
Result: reported results

Exact text from the filing

For the full year 2022 we reported a net loss of $171 million or $0.71 per share (compared to $141.3 million and $0.69 per share in 2021)

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TMC the metals Co Inc. reported the quarter ended December 31, 2022 results: net income Net loss of $109.6 million, EPS loss per share of $0.41.

Period: the quarter ended December 31, 2022
Net income: Net loss of $109.6 million
EPS: loss per share of $0.41
Result: reported results

Exact text from the filing

Net loss of $109.6 million and loss per share of $0.41 for the quarter ended December 31, 2022.

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TMC the metals Co Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-036089

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