Why did NMG's EPS remain flat in recent quarters?

Nouveau Monde Graphite Inc. (NMG) has experienced fluctuations in its EPS (Earnings Per Share) in recent quarters, with a general trend of improvement from the previous quarter's -$0.32 to the current quarter's -$0.07. However, the EPS remained flat in recent quarters due to several factors:

1. **Lack of Revenue**: NMG has not reported any revenue in some of the quarters, which significantly impacts the EPS. For instance, in Q1 and Q4 of 2023, and Q2 of 2024, the company did not report any revenue. Revenue is a critical component of the EPS calculation, and without it, the EPS remains unchanged despite any improvements in expenses or other factors.
2. **Consistent Expenses**: The company's EPS has been negatively impacted by consistent expenses despite no revenue. For example, in Q1 2024, NMG reported an EPS of -$0.32, which was below the analyst estimate of -$0.07. This indicates that the company's expenses are exceeding its estimated earnings, leading to a flat EPS.
3. **Analyst Estimates**: Analysts' estimates for NMG's EPS have been revised downward, with the latest estimate for FY2024 being ($0.56) per share. This suggests that the company's performance is not meeting analysts' expectations, which could be due to operational challenges or market conditions.

In conclusion, NMG's EPS has remained flat in recent quarters due to a combination of lack of revenue, consistent expenses, and analyst estimates. The company needs to focus on generating revenue and managing its expenses effectively to improve its EPS in the future.