URANIUM ENERGY Announces Q2 2023 Earnings Results
March 14, 2023
Earnings Overview
URANIUM ENERGY ($NYSEAM:UEC) announced their second quarter fiscal 2023 earnings results on January 31, 2023. The company reported total revenue of USD 10.9 million, which represented a growth of 299.1% compared to the same quarter of the previous year, and net income of USD 47.9 million, an increase of 263.4% from the same period of the prior year.
Stock Price
On Monday, URANIUM ENERGY Corp. (URE) announced their earnings results for the second quarter of 2023. The company’s stock opened at $3.2 and closed at $3.4, representing a 5.3% rise from its previous closing price of $3.2. Overall, the company’s strong earnings results reflect their continued focus on leveraging their resource assets and expanding operations to drive business growth and profitability. Investors remain bullish on URE’s potential for further growth moving forward, as evidenced by the 5.3% rise in the stock price on Monday. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Uranium Energy. More…
| Total Revenues | Net Income | Net Margin |
| 115.19 | 19.94 | 5.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Uranium Energy. More…
| Operations | Investing | Financing |
| 18.3 | -105 | 88.24 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Uranium Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 733.32 | 108.65 | 1.67 |
Key Ratios Snapshot
Some of the financial key ratios for Uranium Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.0% | – | 17.6% |
| FCF Margin | ROE | ROA |
| 14.6% | 2.1% | 1.7% |
Analysis
At GoodWhale, we recently conducted an analysis of URANIUM ENERGY‘s wellbeing. From our Risk Rating, URANIUM ENERGY is a medium risk investment in terms of financial and business aspects. In terms of the balance sheet, cashflow statement, and financial journal, we detected 3 risk warnings. To learn more about these warnings and our overall assessment of URANIUM ENERGY, become a registered user on our platform. Here, you’ll have access to detailed analyses and our comprehensive risk report on this energy company. More…
Peers
The company’s primary competitors are Standard Uranium Ltd, Fission 3.0 Corp, and Madison Metals Inc. All three companies are engaged in the business of uranium mining and exploration.
– Standard Uranium Ltd ($TSXV:STND)
Uranium Ltd is a Canadian company that explores, develops, and produces uranium properties in the Athabasca Basin in Saskatchewan, Canada. The company has a market capitalization of $15.48 million and a return on equity of 225.6%.
– Fission 3.0 Corp ($TSXV:FUU)
Fission 3.0 Corp is a Canadian uranium company that is engaged in the exploration and development of uranium properties in the Athabasca Basin region of Saskatchewan, Canada. The company has a market cap of 21.13M as of 2022 and a Return on Equity of -10.42%. The company’s primary asset is the Patterson Lake South uranium property, which is located in the western Athabasca Basin.
Summary
URANIUM ENERGY reported their Q2 2023 earnings results on January 31, 2023, and the results were impressive. Total revenue for the quarter was USD 10.9 million, an increase of 299.1% compared to the same period last year, while net income increased by 263.4% to USD 47.9 million. This strong performance in the quarter caused the stock price to move up on the same day, making it a great time to invest in URANIUM ENERGY. The company’s upward trend in revenue and income are signs of a bright future and a great opportunity for investors.
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