$FTCO
Fortitude Gold Corp

2024 Q3 Form 10-Q Financial Statement

#000155837024010374 Filed on July 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $10.23M $9.554M
YoY Change -51.9% -50.29%
Cost Of Revenue $22.00K $97.00K
YoY Change -54.17% 8.99%
Gross Profit $4.779M $4.818M
YoY Change -59.62% -57.08%
Gross Profit Margin 46.72% 50.43%
Selling, General & Admin $1.190M
YoY Change 9.48%
% of Gross Profit 24.7%
Research & Development $4.252M
YoY Change -29.85%
% of Gross Profit 88.25%
Depreciation & Amortization $1.700M $1.600M
YoY Change -50.0% -44.83%
% of Gross Profit 35.57% 33.21%
Operating Expenses $5.472M
YoY Change -23.82%
Operating Profit -$654.0K
YoY Change -116.18%
Interest Expense $569.0K
YoY Change 21.32%
% of Operating Profit
Other Income/Expense, Net $520.0K $539.0K
YoY Change 5.91% 24.19%
Pretax Income $829.0K -$85.00K
YoY Change -88.42% -101.88%
Income Tax -$100.0K $100.0K
% Of Pretax Income -12.06%
Net Earnings $946.0K -$138.0K
YoY Change -83.47% -103.83%
Net Earnings / Revenue 9.25% -1.44%
Basic Earnings Per Share $0.04 -$0.01
Diluted Earnings Per Share $0.04 -$0.01
COMMON SHARES
Basic Shares Outstanding 24.17M 24.16M
Diluted Shares Outstanding 24.26M 24.17M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.63M
YoY Change -26.54%
Cash & Equivalents $30.32M $32.87M
Short-Term Investments $1.756M
Other Short-Term Assets $169.0K $258.0K
YoY Change -14.65% 1.98%
Inventory $11.97M $15.24M
Prepaid Expenses
Receivables $527.0K
Other Receivables $0.00
Total Short-Term Assets $45.44M $52.14M
YoY Change -56.92% -47.89%
LONG-TERM ASSETS
Property, Plant & Equipment $26.82M $23.88M
YoY Change -0.09% -16.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $386.0K $386.0K
YoY Change 7.52% 13.2%
Total Long-Term Assets $81.70M $73.37M
YoY Change 170.7% 120.09%
TOTAL ASSETS
Total Short-Term Assets $45.44M $52.14M
Total Long-Term Assets $81.70M $73.37M
Total Assets $127.1M $125.5M
YoY Change -6.28% -5.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.832M $3.010M
YoY Change -2.55% -16.83%
Accrued Expenses $516.0K
YoY Change -82.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.911M $3.733M
YoY Change -46.9% -54.23%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $6.796M
YoY Change 11.37%
Total Long-Term Liabilities $6.796M
YoY Change 11.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.911M $3.733M
Total Long-Term Liabilities $6.796M
Total Liabilities $13.71M $10.53M
YoY Change 0.71% -26.15%
SHAREHOLDERS EQUITY
Retained Earnings $8.393M $10.35M
YoY Change -52.98% -31.1%
Common Stock $242.0K $242.0K
YoY Change 0.41% 0.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $113.4M $115.0M
YoY Change
Total Liabilities & Shareholders Equity $127.1M $125.5M
YoY Change -6.28% -5.92%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $946.0K -$138.0K
YoY Change -83.47% -103.83%
Depreciation, Depletion And Amortization $1.700M $1.600M
YoY Change -50.0% -44.83%
Cash From Operating Activities -$4.976M
YoY Change -428.88%
INVESTING ACTIVITIES
Capital Expenditures $1.121M
YoY Change -59.43%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.121M
YoY Change -62.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.900M
YoY Change -24.97%
NET CHANGE
Cash From Operating Activities -4.976M
Cash From Investing Activities -1.121M
Cash From Financing Activities -2.900M
Net Change In Cash -8.997M
YoY Change 68.04%
FREE CASH FLOW
Cash From Operating Activities -$4.976M
Capital Expenditures $1.121M
Free Cash Flow -$6.097M
YoY Change 387.76%

Facts In Submission

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