Press Release: SIGMA LITHIUM ANNOUNCES 3Q24 RESULTS: PRODUCTION BEATS GUIDANCE, MAINTAINED LOW COSTS AT TARGET, GENERATED ROBUST $ 34 MILLION OPERATING CASH FLOW

Dow Jones11-15 19:00

Adjusted Cash EBITDA Bridge 

 
EBITDA Bridge - Unaudited           Three Months Ended   Three Months Ended 
                                     September 30, 2024   September 30, 2024 
($ 000)                             CAD                  USD 
 
Sales Revenues                                   59,887               44,210 
Provisional price adjustments                  (31,612)             (23,316) 
Revenues                                         28,275               20,894 
Cost of goods sold & distribution              (39,733)             (29,232) 
Gross Profit                                   (11,458)              (8,338) 
Sales expenses                                    (535)                (392) 
G&A expense                                     (7,163)              (5,252) 
Stock-based compensation                        (1,871)              (1,369) 
ESG & other operating expenses, 
 net                                              (416)                (304) 
EBIT                                           (21,444)             (15,655) 
Depreciation & Amortization                       3,912                2,876 
EBITDA                                         (17,532)             (12,779) 
EBITDA (%)                                        -62 %                -61 % 
Non-recurring expenses (1)                        1,089                  798 
Stock-based compensation                          1,871                1,369 
Adjusted Cash EBITDA                           (14,571)             (10,612) 
Adjusted EBITDA (%)                               -52 %                -51 % 
 
 
 
((1)  Non-recurring expenses include certain legal and advisory 
       costs and severance costs associated with ongoing 
       productivity initiatives.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sigma-lithium-announces-3q24-results-production-beats-guidance-maintained-low-costs-at-target-generated-robust--34-million-operating-cash-flow-302306928.html

SOURCE Sigma Lithium Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/15/c7685.html

/CONTACT:

Matthew DeYoe, EVP, Corporate Affairs and Strategic Development: matthew.deyoe@sigmalithium.com.br; Irina Axenova, VP, Investor Relations, irina.axenova@sigmalithium.com.br 

Copyright CNW Group 2024

(END) Dow Jones Newswires

November 15, 2024 06:00 ET (11:00 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment