Novagold Res | 10-Q: FY2025 Q2 EPS: USD -0.15

EPS: As of FY2025 Q2, the actual value is USD -0.15.

EBIT: As of FY2025 Q2, the actual value is USD -54.28 K.

Operational Metrics

• Net Loss: For the three months ended May 31, 2025, the net loss was - $54,275,000 compared to - $13,700,000 for the same period in 2024. For the six months ended May 31, 2025, the net loss was - $63,391,000 compared to - $24,018,000 for the same period in 2024.
• Loss from Operations: For the three months ended May 31, 2025, the loss from operations was - $12,282,000 compared to - $11,593,000 for the same period in 2024. For the six months ended May 31, 2025, the loss from operations was - $19,383,000 compared to - $20,813,000 for the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: For the three months ended May 31, 2025, net cash used in operating activities was - $1,629,000 compared to - $1,196,000 for the same period in 2024. For the six months ended May 31, 2025, net cash used in operating activities was - $7,089,000 compared to - $6,570,000 for the same period in 2024.
• Net Cash Provided by Investing Activities: For the three months ended May 31, 2025, net cash provided by investing activities was $27,201,000 compared to $16,289,000 for the same period in 2024. For the six months ended May 31, 2025, net cash provided by investing activities was $24,539,000 compared to $13,409,000 for the same period in 2024.
• Net Cash Provided by Financing Activities: For the three months ended May 31, 2025, net cash provided by financing activities was $234,105,000 compared to - $17,000 for the same period in 2024. For the six months ended May 31, 2025, net cash provided by financing activities was $234,023,000 compared to - $17,000 for the same period in 2024.

Unique Metrics

• Warrant Expense: A non-cash, non-recurring charge of $39,607,000 was recorded in the second quarter of 2025 related to warrants issued under a backstop commitment agreement.

Future Outlook and Strategy

• Core Business Focus: The company plans to complete the Donlin Gold updated feasibility study and make a subsequent construction decision. The company also aims to maintain a favorable reputation among shareholders and promote strong community outreach and sustainability culture.
• Non-Core Business: The company completed a $1 billion acquisition of Barrick’s 50% interest in Donlin Gold, increasing its economic stake to 60%. The acquisition was funded through a public equity offering and a concurrent private placement.