How did MTA's revenue and expenses shift in Q4 2024 compared to previous quarters?

Metalla Royalty & Streaming Ltd. (MTA) experienced a significant revenue increase in Q4 2024, according to the company's financial results. Here's a detailed analysis of MTA's revenue and expense shifts in Q4 2024 compared to previous quarters:

1. Revenue Increase: MTA's total revenue for Q4 2024, was $2.13 million. This is a substantial increase compared to the previous quarter's revenue of $1.62 million. The company's revenue growth can be attributed to the receipt of its first royalty payments from Tocantinzinho and La Guitarra, which are expected to scale production to full capacity in the coming quarters. Additionally, the Amalgamated Kirkland and Endeavor projects are anticipated to begin production in Q4 2024 and H1 2025, which will further accelerate GEO growth.

2. Expense Shift: Unfortunately, there are no available data on MTA's expenses in Q4 2024 compared to previous quarters. However, it's important to note that the company's financial performance in Q3 2024 was impacted by higher general and administrative (G&A) expenses due to one-time severance costs, and increased taxes. It's likely that MTA's expenses in Q4 2024 will reflect the ongoing effects of these increased costs, as well as any new expenses associated with the company's growth initiatives.
3. Financial Performance: In Q3 2024, MTA received or accrued payments on 648 attributable Gold Equivalent Ounces (GEOs) at an average realized price of $2,481 and an average cash cost of $9 per GEO. For the nine months ended September 30, 2024, the company received or accrued payments on 1,673 attributable GEOs at an average realized price of $2,292 and an average cash cost of $11 per GEO. This indicates that while the company's revenue has increased, the cash cost per GEO has also risen, which could impact the company's overall profitability.
4. Analyst Predictions: Analysts predict that MTA will earn ($0.06) per share for the year 2024, with a consensus estimate for the current full-year earnings being $0.04 per share. This suggests that while the company's revenue growth is positive, it may not necessarily translate to a proportional increase in earnings due to the aforementioned cash costs and other expenses.

In conclusion, MTA's revenue has experienced a significant increase in Q4 2024 compared to previous quarters, primarily driven by the receipt of royalty payments and the anticipation of production from key assets. However, the company's expenses, including cash costs and G&A expenses, are expected to remain elevated, which could impact the overall financial performance and earnings per share.