Lifezone Metals Second Quarter 2024 Earnings: Misses Expectations

Lifezone Metals (NYSE:LZM) Second Quarter 2024 Results

Key Financial Results

• Net loss: US$6.75m (loss widened by 55% from 2Q 2023).
• US$0.09 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lifezone Metals Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 79%. Earnings per share (EPS) also missed analyst estimates by 100%.

Looking ahead, revenue is forecast to grow 91% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Metals and Mining industry in the US.

Performance of the American Metals and Mining industry.

The company's shares are down 3.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Lifezone Metals that you should be aware of.

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