Why did CRML's EPS remain unchanged in Q4 2021?
4/9/2025 11:46am
The EPS of Critical Metals (CRML) remained unchanged in Q4 2021 due to a combination of factors:
1. **Revenue and Net Income**: CRML reported a total revenue of $0 and a net income of -$336,461 for Q4 2021. The negative net income indicates that the company incurred more expenses than it generated in revenue during the quarter.
|code|Ticker|Name|Date|Operating Income|Total Revenue|Net Income|market_code|
|---|---|---|---|---|---|---|---|
|CRML|CRML.O|Critical Metals|2021 Q1|-1089||-1089|185|
|CRML|CRML.O|Critical Metals|2021 Q2|-6495||-6495|185|
|CRML|CRML.O|Critical Metals|2021 Q3|-1446||-1446|185|
|CRML|CRML.O|Critical Metals|2021 Q4|-336461|0|-336461|185|
2. **Operating Income**: The operating income was also -$336,461 for the same period. This suggests that the company's operating expenses were not only offsetting any revenue but also resulted in a negative net income.
3. **Cobalt Market Dynamics**: Despite the challenging financial figures, the cobalt market was experiencing a rise in prices due to increased demand for electric vehicles. However, this positive trend in the cobalt market may not have had a direct impact on CRML's financial performance in Q4 2021.
4. **Greenland Project's Potential**: CRML's focus on the Tanbreez Project in Greenland, which has the potential to significantly enhance the company's economic status, may not have translated into immediate financial gains in Q4 2021.
In conclusion, CRML's EPS remained unchanged in Q4 2021 due to a combination of factors including negative revenue and net income, and negative operating income. The rise in cobalt prices and the potential of the Greenland project may not have had an immediate impact on the company's financial performance during that quarter.