Uranium Energy Corp. Reports $49.75M Revenue in Latest Quarter, Faces Net Loss

Uranium Energy Corp. reported significant financial developments in its latest 10-Q filing for the quarter ending January 31, 2025. The company generated $49.75 million in revenue for the three months ended January 31, 2025, a substantial increase from just $116,000 in the same period last year. For the six months, revenue reached $66.84 million, compared to $224,000 in the prior year. The gross profit for the quarter was $18.23 million, up from $19,000 a year earlier, while the six-month gross profit was $24.48 million, compared to $37,000 in the previous year. Despite this revenue growth, the company reported a net loss of $10.23 million for the quarter and $30.39 million for the six months, a stark contrast to the net income of $2.25 million and $5.57 million reported in the same periods last year.

The financial performance reflects a strategic pivot for Uranium Energy Corp., which has ramped up uranium extraction activities, particularly at its Christensen Ranch Mine in Wyoming, which resumed operations in August 2024. The company also completed the acquisition of Sweetwater Uranium Inc. and Wyoming Coal Resources Company in December 2024, enhancing its operational capacity with a fully licensed uranium processing mill and additional uranium projects. This acquisition, valued at $175.4 million, is expected to bolster the company's production capabilities and market presence.

Operationally, Uranium Energy Corp. reported a total of 1,356,000 pounds of purchased uranium concentrate inventory as of January 31, 2025, down from 1,466,000 pounds in July 2024. The company has also committed to purchasing an additional 300,000 pounds of uranium at an average price of approximately $37.05 per pound, with deliveries scheduled for fiscal 2026. The company’s total assets increased to $981.96 million, up from $889.83 million at the end of July 2024, driven by the acquisition and increased mineral rights and properties, which now total $693.79 million.

Uranium Energy Corp. continues to face challenges in achieving consistent profitability, with an accumulated deficit of $349.29 million as of January 31, 2025. The company remains reliant on equity financing to fund its operations, which are capital-intensive and require significant additional financing for ongoing exploration and extraction activities. The outlook for the company remains cautious, as it aims to stabilize cash flow from uranium sales while navigating market volatility and the need for further capital investment. The management has indicated that the ability to generate positive cash flow and secure additional financing will be critical for the company's long-term sustainability and growth.