Business
United States Antimony Corporation Reports Record First Quarter 2025 Financial and Operating Results
Revenues Up 128% YOY Gross Profit Up 302% YOY Net Income Up 269% YOY "The Critical Minerals and ZEO Company" DALLAS, TX / ACCESS Newswire / May 8, 2025 / United States Antimony Corporation ("USAC" or the "Company" or "U.S. Antimony Corporation"), ...
About this update from United States Antimony Corporation
[{"type":"text","content":"Revenues Up 128% YOY","length":20,"tagName":"p"},{"type":"text","content":"Gross Profit Up 302% YOY","length":24,"tagName":"p"},{"type":"text","content":"Net Income Up 269% YOY","length":22,"tagName":"p"},{"type":"text","content":""The Critical Minerals and ZEO Company"","length":49,"tagName":"p"},{"type":"text","content":"DALLAS, TX / ACCESS Newswire / May 8, 2025 / United States Antimony Corporation ("USAC" or the "Company" or "U.S. Antimony Corporation"), (NYSE:UAMY) reported today its first quarter 2025 financial and operational results.","length":252,"tagName":"p"},{"type":"text","content":"Revenues for the first three months of 2025 increased 128% or $3.9 million, to $7 million. This is compared to the first three months of 2024 of $3.1 million in total revenues. Cost of sales only increased 86%, or $2.1 million during the same period. This in-turn allowed the Company's gross profit to increase 302%, or $1.8 million to $2.4 million. Operating expenses increased $954k to $2 million for the first three months of 2025. Of this amount, $39k was deemed noncash stock compensation. The Company reported net income of $547k for the three months ended March 31, 2025.","length":582,"tagName":"p"},{"type":"text","content":"Our antimony sales were $5.9 million in the first quarter of 2025, which is up $3.5 million, or 140%, over last year mainly due to the increase in the average sales price quarter over quarter. However, the first quarter of 2025 had lower antimony sales volume than last year's first quarter primarily due to contract and logistics delays on antimony ore supply. This resulted in more antimony inventory on hand at the end of the first quarter than anticipated, however, our cost basis was lower than current market prices. Both matters have since been resolved and processing and sales have increased at the beginning of the second quarter.","length":644,"tagName":"p"},{"type":"text","content":"The cash position of the Company at March 31, 2025 was $18.7 million, up $574k from December 31, 2024, and up $6.8 million from March 31, 2024.","length":143,"tagName":"p"},{"type":"text","content":"Commenting on the First Quarter 2025 financial and operational results, Mr. Gary C. Evans, Chairman and CEO of U.S. Antimony Corporation stated, "The improved financial results reported...