EarningsQ4 2024 Earnings Report

Core Lithium Ltd (7CX) Q4 2024 Earnings Report

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Previous Report: Q2 2024

Next Report: Q2 2025

DE:7CX Q4 2024 EPS Results

Actual EPS-€0.02

Consensus EPS>-€0.01

Beat/MissMissed by -€0.02

One Year Ago EPS<€0.01

DE:7CX Q4 2024 Revenue Results

Actual Revenue€34.03M

Expected Revenue€25.58M

Beat/MissBeat by +€8.45M

YoY Revenue Growth+8.10%

Earnings Announcement Details

QuarterQ4 2024

Date09/26/2024

TimeAfter Close

Conference CallThursday, September 26, 2024

DE:7CX Upcoming Earnings

Core Lithium Ltd's next earnings date is estimated for March 11, 2027, based on past reporting schedules.

Q4 2024 Earnings Call Audio

No earnings call audio is available for this earnings event.

Q4 2024 Earnings Slide Deck

No slide deck is available for this earnings event.

Q4 2024 Earnings Call Summary

Q4 2024

Earnings Call Date:Sep 26, 2024|

% Change Since:

Earnings Call Sentiment|Neutral

The earnings call presented a balanced view with notable achievements in terms of record shipments, resource growth, and strong cash management. However, there are significant challenges due to market conditions and the operational pause, leading to uncertainty about future operations.

Company Guidance

During the CXO.AX Q4 2024 earnings call, key metrics highlighted included a monthly recovery rate of 63% and production of over 20,000 dry metric tonnes of spodumene with a grade of 4.8%. The company reported a record sale of 33,000 dry metric tonnes, achieving an average SC6 price of over $1,000, and a cash operating unit cost of $644 per tonne. The exploration efforts resulted in an increase of the Mineral Resource to 48.2 million tonnes, marking a 58% rise. Financially, CXO.AX ended the quarter with a robust cash balance of $87.6 million, remaining debt-free, and generated $41.7 million in revenue from shipments, with total annual receipts from customers standing at $108 million. The company’s strategic focus is on maintaining a restart-ready status, optimizing cost structures, and enhancing exploration efforts with a budget of $8-9 million to further expand the resource base.

Record Shipments and Strong Cash Position

CXO.AX achieved record quarterly shipments of 33,000 dry metric tonnes of concentrate, generating $41.7 million in revenue. The company ended the year with a strong cash balance of $87.6 million and remains debt-free.

Significant Resource Increase

The exploration team increased the Mineral Resource to 48.2 million tonnes, marking a 58% increase. This positions the company well for future growth and development.

Low Operating Costs

Quarterly operating unit costs were the lowest of the year at $644 per tonne, demonstrating effective cost control measures implemented at the start of the calendar year.

DE:7CX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Mar 11, 2027	2027 (Q2)	0.00 / -	-0.005	―
Sep 23, 2026	2026 (Q4)	<0.01 / 0.00	0	―
Feb 26, 2026	2026 (Q2)	0.00 / >-0.01	-0.005	0.00% (0.00)
Sep 25, 2025	2025 (Q4)	0.00 / 0.00	-0.025	―
Feb 27, 2025	2025 (Q2)	>-0.01 / >-0.01	-0.051	90.24% (+0.05)
Sep 26, 2024	2024 (Q4)	>-0.01 / -0.02	0.006	-500.00% (-0.03)
Mar 12, 2024	2024 (Q2)	0.01 / -0.05	-0.003	-1540.00% (-0.05)
Sep 28, 2023	2023 (Q4)	<0.01 / <0.01	0	―
Mar 09, 2023	2023 (Q2)	>-0.01 / >-0.01	-0.137	97.73% (+0.13)
Sep 27, 2022	2022 (Q4)	- / 0.00	-0.001	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed