$FTCO
Fortitude Gold Corp

2023 Q4 Form 10-Q Financial Statement

#000155837023017118 Filed on October 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $11.05M $21.27M
YoY Change -41.56% 31.92%
Cost Of Revenue $5.213M $48.00K
YoY Change -43.28% -32.39%
Gross Profit $5.833M $11.84M
YoY Change -39.95% 60.95%
Gross Profit Margin 52.81% 55.65%
Selling, General & Admin $1.522M $1.335M
YoY Change -18.83% -18.5%
% of Gross Profit 26.09% 11.28%
Research & Development $3.635M $3.833M
YoY Change 22.64% 3.96%
% of Gross Profit 62.32% 32.38%
Depreciation & Amortization $1.852M $3.400M
YoY Change -45.24% 9.68%
% of Gross Profit 31.75% 28.73%
Operating Expenses $5.153M $5.226M
YoY Change 5.55% -2.68%
Operating Profit $680.0K $6.610M
YoY Change -85.92% 233.17%
Interest Expense $705.0K $549.0K
YoY Change 442.31% 3560.0%
% of Operating Profit 103.68% 8.31%
Other Income/Expense, Net $491.0K
YoY Change -918.33%
Pretax Income $1.385M $7.159M
YoY Change -72.08% 263.59%
Income Tax $62.00K $1.400M
% Of Pretax Income 4.48% 19.56%
Net Earnings $1.323M $5.722M
YoY Change -65.0% 232.48%
Net Earnings / Revenue 11.98% 26.9%
Basic Earnings Per Share $0.24
Diluted Earnings Per Share $0.05 $0.24
COMMON SHARES
Basic Shares Outstanding 24.08M 24.08M
Diluted Shares Outstanding 24.21M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.21M $52.98M
YoY Change 11.44% 25.56%
Cash & Equivalents $48.68M $52.04M
Short-Term Investments $1.532M $945.0K
Other Short-Term Assets $148.0K $198.0K
YoY Change 0.0% 80.0%
Inventory $23.85M $50.86M
Prepaid Expenses
Receivables $42.00K
Other Receivables $0.00
Total Short-Term Assets $75.27M $105.5M
YoY Change -19.63% 17.86%
LONG-TERM ASSETS
Property, Plant & Equipment $25.37M $26.84M
YoY Change -17.06% -22.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $344.0K $359.0K
YoY Change -81.08% -59.3%
Total Long-Term Assets $59.73M $30.18M
YoY Change 59.26% -20.39%
TOTAL ASSETS
Total Short-Term Assets $75.27M $105.5M
Total Long-Term Assets $59.73M $30.18M
Total Assets $135.0M $135.7M
YoY Change 2.93% 6.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.881M $2.906M
YoY Change 53.76% -18.05%
Accrued Expenses $1.764M $2.363M
YoY Change -65.75% 12.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $7.954M $7.365M
YoY Change -16.55% 6.71%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.500M $6.248M
YoY Change 216566.67% 124860.0%
Total Long-Term Liabilities $6.500M $6.248M
YoY Change 216566.67% 124860.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.954M $7.365M
Total Long-Term Liabilities $6.500M $6.248M
Total Liabilities $14.45M $13.61M
YoY Change -6.12% 8.03%
SHAREHOLDERS EQUITY
Retained Earnings $16.28M $17.85M
YoY Change 38.14% 63.91%
Common Stock $241.0K $241.0K
YoY Change 0.42% 0.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $120.5M $122.1M
YoY Change
Total Liabilities & Shareholders Equity $135.0M $135.7M
YoY Change 2.93% 6.48%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $1.323M $5.722M
YoY Change -65.0% 232.48%
Depreciation, Depletion And Amortization $1.852M $3.400M
YoY Change -45.24% 9.68%
Cash From Operating Activities $361.0K $9.827M
YoY Change -95.21% 50.98%
INVESTING ACTIVITIES
Capital Expenditures $376.0K $1.073M
YoY Change -78.8% -150.33%
Acquisitions
YoY Change
Other Investing Activities -$450.0K -$739.0K
YoY Change
Cash From Investing Activities -$826.0K -$1.812M
YoY Change -53.44% -15.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.892M -2.893M
YoY Change -0.55% -0.62%
NET CHANGE
Cash From Operating Activities 361.0K 9.827M
Cash From Investing Activities -826.0K -1.812M
Cash From Financing Activities -2.892M -2.893M
Net Change In Cash -3.357M 5.122M
YoY Change -217.46% 249.39%
FREE CASH FLOW
Cash From Operating Activities $361.0K $9.827M
Capital Expenditures $376.0K $1.073M
Free Cash Flow -$15.00K $8.754M
YoY Change -100.26% 1.31%

Facts In Submission

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