Uranium Energy Corp. Q1 2025 10-Q Filed
Ticker: UEC · Form: 10-Q · Filed: Dec 5, 2024 · CIK: 1334933
| Field | Detail |
|---|---|
| Company | Uranium Energy CORP (UEC) |
| Form Type | 10-Q |
| Filed Date | Dec 5, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, uranium, financials
TL;DR
**UEC Q1 2025 10-Q: Assets $419M, Liabilities $410M, Net Loss $1K. Still burning cash.**
AI Summary
Uranium Energy Corp. filed its 10-Q for the period ending October 31, 2024. The company reported total assets of $419,142,428 and total liabilities of $410,355,768 as of October 31, 2024. For the three months ended October 31, 2024, the company reported revenue of $0.001 million and a net loss of $0.001 million.
Why It Matters
This filing provides a snapshot of Uranium Energy Corp.'s financial health and operational performance for the first quarter of fiscal year 2025, crucial for investors assessing the company's current standing.
Risk Assessment
Risk Level: medium — The company has significant assets but also substantial liabilities, and reported a net loss, indicating potential financial strain.
Key Numbers
- $419.1B — Total Assets (As of October 31, 2024, indicating the company's total resources.)
- $410.4B — Total Liabilities (As of October 31, 2024, representing the company's total obligations.)
- $0.001M — Net Loss (For the three months ended October 31, 2024, showing the company's profitability during the period.)
Key Players & Entities
- Uranium ENERGY CORP (company) — Filer
- 2024-10-31 (date) — Reporting Period End Date
- $419,142,428 (dollar_amount) — Total Assets as of October 31, 2024
- $410,355,768 (dollar_amount) — Total Liabilities as of October 31, 2024
- $0.001 million (dollar_amount) — Revenue for the three months ended October 31, 2024
- $0.001 million (dollar_amount) — Net Loss for the three months ended October 31, 2024
FAQ
What were Uranium Energy Corp.'s total assets as of October 31, 2024?
Uranium Energy Corp.'s total assets were $419,142,428 as of October 31, 2024.
What were the company's total liabilities as of the end of the reporting period?
Total liabilities for Uranium Energy Corp. as of October 31, 2024, amounted to $410,355,768.
What was the reported revenue for the first quarter of fiscal year 2025?
The revenue for the three months ended October 31, 2024, was $0.001 million.
What was the net income or loss for the three months ended October 31, 2024?
Uranium Energy Corp. reported a net loss of $0.001 million for the three months ended October 31, 2024.
What is the company's fiscal year end?
Uranium Energy Corp.'s fiscal year ends on July 31.
Filing Stats: 4,506 words · 18 min read · ~15 pages · Grade level 14.6 · Accepted 2024-12-04 18:12:47
Filing Documents
- uec20241003_10q.htm (10-Q) — 1453KB
- ex_729562.htm (EX-31.1) — 12KB
- ex_729563.htm (EX-31.2) — 12KB
- ex_729564.htm (EX-32.1) — 6KB
- 0001437749-24-036734.txt ( ) — 7687KB
- uec-20241031.xsd (EX-101.SCH) — 83KB
- uec-20241031_cal.xml (EX-101.CAL) — 53KB
- uec-20241031_def.xml (EX-101.DEF) — 429KB
- uec-20241031_lab.xml (EX-101.LAB) — 401KB
- uec-20241031_pre.xml (EX-101.PRE) — 475KB
- uec20241003_10q_htm.xml (XML) — 1364KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION 4 Item 1.
Financial Statements
Financial Statements 4 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 35 Item 4.
Controls and Procedures
Controls and Procedures 35
– OTHER INFORMATION
PART II – OTHER INFORMATION 36 Item 1.
Legal Proceedings
Legal Proceedings 36 Item 1A.
Risk Factors
Risk Factors 37 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 48 Item 3. Defaults Upon Senior Securities 48 Item 4. Mine Safety Disclosures 48 Item 5. Other Information 48 Item 6. Exhibits 49
SIGNATURES
SIGNATURES 50 3 Table of Contents
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements 4 Table of Contents URANIUM ENERGY CORP. INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE three months ended October 31, 2024 (Unaudited – Expressed in thousands of U.S. dollars unless otherwise stated) 5 Table of Contents URANIUM ENERGY CORP. INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited – Expressed in thousands of U.S. dollars) Notes October 31, 2024 July 31, 2024 CURRENT ASSETS Cash and cash equivalents $ 190,596 $ 87,533 Inventories 3 66,074 75,833 Prepaid expenses and deposits 3,840 2,453 Other current assets 687 694 Investment in equity securities 8 - 68,731 TOTAL CURRENT ASSETS 261,197 235,244 MINERAL RIGHTS AND PROPERTIES 4 555,958 557,583 PROPERTY, PLANT AND EQUIPMENT 5 21,330 20,465 RESTRICTED CASH 6 7,251 7,251 EQUITY-ACCOUNTED INVESTMENTS 7 58,438 58,809 INVESTMENT IN EQUITY SECURITIES 8 10,541 6,533 OTHER NON-CURRENT ASSETS 3,083 3,943 TOTAL ASSETS $ 917,798 $ 889,828 CURRENT LIABILITIES Accounts payable and accrued liabilities $ 9,435 $ 22,938 Asset retirement obligations - current 9 2,953 2,953 Derivative liabilities 10 - 3,030 Other current liabilities 315 301 TOTAL CURRENT LIABILITIES 12,703 29,222 ASSET RETIREMENT OBLIGATIONS 9 16,926 16,672 OTHER NON-CURRENT LIABILITIES 1,407 1,474 DEFERRED TAX LIABILITIES 62,744 64,347 TOTAL LIABILITIES 93,780 111,715 STOCKHOLDERS' EQUITY Capital stock Common stock $ 0.001 par value: 750,000,000 shares authorized, 419,142,428 shares issued and outstanding (July 31, 2024 - 410,355,768 ) 11 419 410 Additional paid-in capital 1,178,215 1,110,433 Accumulated deficit ( 339,059 ) ( 318,901 ) Accumulated other comprehensive loss ( 15,557 ) ( 13,829 ) TOTAL EQUITY 824,018 778,113 TOTAL LIABILITIES AND EQUITY $ 917,798 $ 889,828 COMMITMENTS AND CONTINGENCIES 3,9 SUBSEQUENT EVENTS 3,11 The accompanying notes are an integral part of these interi