Why Did Idaho Strategic Resources (IDR) Soar 11.74% on Strong Earnings?

Idaho Strategic Resources, Inc. (IDR) surged 11.74% in pre-market trading on April 1, 2025, driven by strong financial performance and strategic initiatives.

Idaho Strategic Resources, Inc. (IDR) reported impressive earnings and revenue surprises for the quarter ended December 2024, with earnings exceeding estimates by 12.50% and revenue surpassing expectations by 8.40%. This strong financial performance has bolstered investor confidence in the company's growth prospects.

The company's annual revenue increased by 88.66%, while its annual net income soared by 663.27%. These remarkable figures underscore Idaho Strategic's robust operational efficiency and strategic initiatives, which have positioned the company for sustained growth.

Additionally, Idaho Strategic Resources has announced plans for further expansion and development, which are expected to drive future growth and enhance shareholder value. The company's strong financial metrics, including a market value of $118 million for non-affiliate common stock and a total of 13.6 million shares outstanding, reflect its solid financial health and market position.