Comstock reports FY2023 net income $9.2M vs loss $45.9M; $25M investment gains

Comstock Inc.

2023-FY EPS reported $0.09 revenue$1,274,449

Net income attributable to Comstock $9.2M, diluted EPS $0.09 versus net loss $45.9M ($0.62 loss) in FY2022.
Recorded $25M net gains on investments: $14.6M from Green Li-ion, $11.7M from Sierra Springs Opportunity Fund.
Sold battery recycling facility for $28.9M ($7.3M gain); sold 4% of Green Li-ion equity for $0.8M ($0.6M gain).
Cash $3.8M (up from $2.5M); total assets $106.5M; liabilities $28.2M (down from $43.7M); debt $9.9M.
Outlook: plans to sell up to $60M in assets in 2024, including Silver Springs land for >$40M and remaining Green Li-ion for $19M.

item 2.02 item 7.01 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

Comstock Inc. reported full year 2023 results: net income over $10.5 million.

Period: full year 2023
Net income: over $10.5 million
Result: reported results

Exact text from the filing

Recorded Investment Gains of Over $25 million and Full Year Net Income of Over $10.5 million

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Comstock Inc. filing history →

Source: SEC EDGAR

accession 0001120970-24-000018

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