Sailfish Reports Q3 2024 Results
Sailfish Royalty has released its Q3 2024 financial results, reporting total revenues of $730,024 for the quarter, up from $413,978 in Q3 2023. The company earned 215 gold ounces from stream interests and generated royalty revenue of $211,942 in Q3 2024. Despite posting a gross profit of $454,040, the company recorded a net loss of $137,648 for the quarter. The company maintained its quarterly dividend of $0.0125 per share and continued its share buyback program, repurchasing 1,586,900 shares during the first nine months of 2024.
Sailfish Royalty ha pubblicato i risultati finanziari del terzo trimestre 2024, riportando ricavi totali di $730.024 per il trimestre, in aumento rispetto ai $413.978 del terzo trimestre 2023. L'azienda ha guadagnato 215 once d'oro da interessi su contratti di streaming e ha generato ricavi da royalty di $211.942 nel terzo trimestre 2024. Nonostante abbia registrato un utile lordo di $454.040, l'azienda ha riportato una perdita netta di $137.648 per il trimestre. L'azienda ha mantenuto il suo dividendo trimestrale di $0,0125 per azione e ha continuato il suo programma di riacquisto delle azioni, riacquistando 1.586.900 azioni durante i primi nove mesi del 2024.
Sailfish Royalty ha publicado sus resultados financieros del tercer trimestre de 2024, informando de ingresos totales de $730,024 para el trimestre, un aumento desde los $413,978 del tercer trimestre de 2023. La compañía ganó 215 onzas de oro de intereses por streaming y generó ingresos por regalías de $211,942 en el tercer trimestre de 2024. A pesar de publicar una ganancia bruta de $454,040, la compañía registró una pérdida neta de $137,648 para el trimestre. La compañía mantuvo su dividendo trimestral de $0.0125 por acción y continuó su programa de recompra de acciones, recomprando 1,586,900 acciones durante los primeros nueve meses de 2024.
Sailfish Royalty는 2024년 3분기 재무 결과를 발표하며 분기 총 수익이 $730,024로 증가했으며, 이는 2023년 3분기 $413,978에서 상승한 수치입니다. 회사는 스트리밍 이자에서 215온스의 금을 벌어들이고, 2024년 3분기에는 $211,942의 로열티 수익을 창출했습니다. 총 이익이 $454,040으로 보고되었음에도 불구하고, 회사는 분기에 $137,648의 순 손실을 기록했습니다. 회사는 주당 $0.0125의 분기 배당금을 유지하고, 2024년 첫 9개월 동안 1,586,900주를 재매입하는 주식 재구매 프로그램을 계속 진행했습니다.
Sailfish Royalty a publié ses résultats financiers du troisième trimestre 2024, annonçant des revenus totaux de 730 024 $ pour le trimestre, en hausse par rapport aux 413 978 $ du troisième trimestre 2023. La société a gagné 215 onces d'or grâce à des intérêts de streaming et a généré des revenus de redevances de 211 942 $ au troisième trimestre 2024. Malgré un bénéfice brut de 454 040 $, la société a enregistré une perte nette de 137 648 $ pour le trimestre. La société a maintenu son dividende trimestriel de 0,0125 $ par action et a poursuivi son programme de rachat d'actions, rachetant 1 586 900 actions au cours des neuf premiers mois de 2024.
Sailfish Royalty hat ihre Finanzzahlen für das dritte Quartal 2024 veröffentlicht und meldet Gesamteinnahmen von $730.024 für das Quartal, ein Anstieg von $413.978 im dritten Quartal 2023. Das Unternehmen verdiente 215 Unzen Gold aus Streaming-Interessen und erzielte im dritten Quartal 2024 Royalty-Einnahmen von $211.942. Trotz eines Bruttogewinns von $454.040 verzeichnete das Unternehmen einen Nettoverlust von $137.648 für das Quartal. Das Unternehmen hielt seine vierteljährliche Dividende von $0,0125 pro Aktie aufrecht und setzte sein Aktienrückkaufprogramm fort, indem es in den ersten neun Monaten von 2024 1.586.900 Aktien zurückkaufte.
- Revenue increased 76% YoY to $730,024 in Q3 2024
- Gross profit increased 95% YoY to $454,040 in Q3 2024
- Royalty revenue significantly increased to $211,942 from $14,661 in Q3 2023
- Active share buyback program with 1,586,900 shares repurchased in first nine months
- Net loss of $137,648 in Q3 2024
- Gold ounces earned from stream interests decreased to 671 for nine months vs 835 in 2023
Tortola, British Virgin Islands--(Newsfile Corp. - November 13, 2024) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce its operating and financial results for the third quarter ended September 30, 2024 ("Q3 2024"). All amounts are in U.S. dollars unless otherwise indicated.
Q3 2024 Highlights:
- Gold ounces earned from stream interests of 215 and 671 for the three and nine months ended September 30, 2024 (207 and 835 for the three and nine months ended September 30, 2023);
- Royalty revenue earned of
$211,942 and$541,773 for the three and nine months ended September 30, 2024 ($14,661 for both the three and nine months ended September 30, 2023); - Total revenues of
$730,024 and$2,114,221 for the three and nine months ended September 30, 2024 ($413,978 and$1,620,104 for the three and nine months ended September 30, 2023); - Gross profit of
$454,040 and$1,267,809 for the three and nine months ended September 30, 2024 ($232,745 and$891,273 for the three and nine months ended September 30, 2023); - Net loss of
$137,648 and net income of$1,151,857 for the three and nine months ended September 30, 2024 (net loss of$267,312 and$1,310,820 for the three and nine months ended September 30, 2023); - Repurchased for cancellation an aggregate of 1,586,900 common shares of the Company under the current normal course issuer bid for the nine months ended September 30, 2024 (780,700 for the nine months ended September 30, 2023); and
- Declared quarterly dividends of
$0.01 25 per common share on March 22, 2024, May 28, 2024 and September 12, 2024 which were paid on April 15, 2024, July 15, 2024 and October 15, 2024, respectively.
Summary of Quarterly Results:
| Three months ended September 30, 2024 | Three months ended September 30, 2023 | Nine months ended September 30, 2024 | Nine months ended September 30, 2023 | ||
| Condensed interim consolidated statements of comprehensive income (loss) | $ | $ | $ | $ | |
| Revenues | 730,024 | 413,978 | 2,114,221 | 1,620,104 | |
| Gross profit | 454,040 | 232,745 | 1,267,809 | 891,273 | |
| Net income (loss) | (137,648) | (267,312) | 1,151,857 | (1,310,820) | |
| Basic loss per share | (0.00) | (0.00) | 0.02 | (0.02) | |
| Diluted loss per share | (0.00) | (0.00) | 0.02 | (0.02) | |
For complete details, please refer to the Unaudited Condensed Interim Consolidated Financial Statements for the three and nine months ended September 30, 2024 and 2023 and associated Management Discussion and Analysis for the three and nine months ended September 30, 2024, available on SEDAR+ (www.sedarplus.ca) or on the Company's website (www.sailfishroyalty.com).
Subsequent to Q3 2024 Highlights:
- Subsequent to September 30, 2024, the Company received 25,835 ounces of silver pertaining to its Silver Receivable.
- Subsequent to September 30, 2024, the Company cancelled 444,000 common shares.
- Subsequent to September 30, 2024, the Company purchased 208,100 common shares on-market under the Company's normal course issuer bid.
About Sailfish
Sailfish is a precious metals royalty and streaming company. Within Sailfish's portfolio are three main assets in the Americas: a gold stream equivalent to a
Sailfish is listed on the TSX Venture Exchange under the symbol "FISH" and on the OTCQX under the symbol "SROYF". Please visit the Company's website at www.sailfishroyalty.com for additional information.
For further information: Paolo Lostritto, CEO, tel. 416-602-2645 or Bryan McKenzie, CFO, tel. 604-443-3834.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229831
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