Reported Q: Q2 2024 Rev YoY: N/A EPS YoY: 0.0% Move: -30.55%
Northern Minerals
NMEX
$0.0764 -30.55%
Exchange OTC Sector Basic Materials Industry Other Precious Metals
Q2 2024
Published: Mar 18, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for NMEX

Reported

Report Date

Mar 18, 2024

Quarter Q2 2024

Revenue

N/A

YoY: N/A

EPS

0.00

YoY: 0.0%

Market Move

-30.55%

Previous quarter: N/A

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Earnings Highlights

  • EPS of $0.00 increased by 0% from previous year
  • Net income of -29.78K
  • "" -
NMEX
Company NMEX

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Executive Summary

Northern Minerals Exploration Ltd (NMEX) reported a Q2 2024 results outlook characterized by a net loss and pronounced cash burn, underscored by a compressed liquidity position and a substantial debt load. Despite a reported operating loss of $26,916 and a net loss of $29,776 for the quarter, management commentary is not available in the provided transcript data, limiting confirmation of drivers or strategic pivots from the earnings call. The company financed part of its activity via equity issuance (common stock issued of $55.6 million) which helped modestly improve cash at period-end to $10.3 million, but operating cash flow remained negative at $-47.4 million for the period, signaling a fragile near-term liquidity profile.

Key Performance Indicators

Operating Income
Decreasing
-26.92K
QoQ: 54.24% | YoY: -4.52%
Net Income
Decreasing
-29.78K
QoQ: 51.73% | YoY: -17.27%
EPS
Stable
0.00
QoQ: 57.14% | YoY: 0.00%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 0.00 0.00 +0.0% View
Q1 2025 0.00 0.00 +0.0% View
Q4 2024 0.00 0.00 +0.0% View
Q3 2024 0.00 0.00 +0.0% View
Q2 2024 0.00 0.00 +0.0% View