Revenue for QQ3 2024 is not reported in the provided data, with cost of revenue of 110,895 and gross profit of -110,895, yielding an undefined gross margin in this quarter. Profitability metrics show a steep quarterly loss: EBITDA -1,279,450; operating income -2,200,130; income before tax -1,814,045; net income -1,814,045; and basic EPS -0.03. YoY changes (where provided) indicate negative momentum in profits: gross profit YoY +71.80% (note: base quarter data is not shown here), operating income YoY -44.44%, net income YoY -334.52%, and EPS YoY -287.50%. QoQ changes are generally flat to negative given the lack of revenue in QQ3 2024 and ongoing operating spend.
Liquidity and cash flow analysis shows operating cash flow of -1,537,795 and free cash flow of -1,587,795 for QQ3 2024, with capex of -50,000. Cash at period end was 7,012,365. The company reported total current assets of 7,788,036 against total current liabilities of 3,543,018, implying a current ratio of 2.20. The balance sheet reflects long-term debt of 11,413,017 and total liabilities of 20,353,075, resulting in equity of 39,542,957 and a net debt position of -4,400,652 (net debt ~4.40 million).
Valuation and efficiency indicators show a price-to-book ratio of 0.673 and a price-earnings ratio of -3.67 (negative due to losses). The enterprise value multiple is negative (-24.24), consistent with a net cash negative EBITDA environment and a development-stage business. Cash per share is ~0.116. Debt-to-capitalization stands at 0.224, and the company carries a relatively modest interest burden with an interest coverage ratio of -5.19 (negative due to losses).
Summary takeaway: QQ3 2024 underscores Paramount’s status as an exploration-stage gold company with no reported revenue and a substantial burn from operating activities. The key inflection point will be successful advancement and financing of the Sleeper project (and Grassy Mountain) to a development or production framework, supported by favorable gold prices and financing conditions.