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Stock impact report

TMC Announces First Quarter 2024 Results [Yahoo! Finance]

SGS SA ADR (SGSOY) 
Company Research Source: Yahoo! Finance
metals from seafloor polymetallic nodules, today provided a corporate update and first quarter financial results for the period ending March 31, 2024. Q1 2024 Financial Highlights $11.9 million cash used in operations for the quarter ended March 31, 2024 Net loss of $25.2 million and net loss per share of $0.08 for the quarter ended March 31, 2024 Total liquidity of approximately $49 million at March 31, 2024, inclusive of: Cash of $4.0 million The $25 million unsecured credit facility from an affiliate of Allseas Group SA with a maturity date of August 2025 The $20 million unsecured credit facility with a maturity date of September 2025 provided by our largest shareholder, ERAS Capital LLC (the family office of TMC director Andrei Karkar), and our Chairman & CEO, Gerard Barron Subsequent to March 31, 2024, TMC has drawn approximately $2.9 million on the unsecured credit facility provided by ERAS Capital LLC and Gerard Barron Gerard Barron, Chairman & CEO of The Meta Show less Read more
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