secwatch.observer — SEC 8-K summary
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Issuer:     Comstock Inc. (LODE)
CIK:        0001120970
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001120970-24-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120970/000112097024000018/0001120970-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120970/000112097024000018/lode-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001120970-24-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer