Latest news with #FTCO
Globe and Mail
5 days ago
- Business
- Globe and Mail
Fortitude Gold (FTCO) Q2 Sales Down 49%
Key Points Revenue (GAAP) dropped 49% to $4.9 million in Q2 2025 compared to the prior-year period as Gold production dropped sharply compared to Q2 2024. Net income (GAAP) turned positive at $0.8 million, up from a GAAP net loss in the prior year. Dividend payments exceeded net income (GAAP). while cash reserves continued to decline, highlighting liquidity pressures. These 10 stocks could mint the next wave of millionaires › Fortitude Gold (OTC:FTCO), released its second quarter 2025 earnings on August 5, 2025. The company reported GAAP revenue of $4.9 million and earnings per share (GAAP) of $0.04. This performance marked a 49% drop in sales compared to Q2 2024, reflecting much lower gold production and sales volumes at its key asset, the Isabella Pearl mine, compared to Q2 2024. Despite the steep decline in output, high gold prices helped Fortitude Gold post positive net income (GAAP) of $0.8 million, reversing a GAAP net loss of $0.1 million in Q2 2024. There were no analyst or company financial estimates to compare these results to. Overall, the quarter highlighted significant operational and regulatory headwinds, with continued dividend payments despite negative operating cash flow and declining cash on the balance sheet. About Fortitude Gold: Core Business and Strategic Priorities Fortitude Gold (OTC:FTCO) operates in the precious metals mining industry and focuses primarily on gold production. Its main asset is the Isabella Pearl mine in Nevada, where it processes ore containing gold and a small amount of silver, producing and selling dore bars. The company's revenue and profitability depend directly on output from this single mine and the global prices for gold and silver. Recent business strategy has centered on managing operational costs and maximizing returns from the Isabella Pearl mine, even as production declines. Regulatory compliance, especially for environmental reclamation, remains a key business focus, as does preparation for the development of its next project, County Line. Timely permit approvals for new mines are critical to the company's future, as current production at Isabella Pearl continues to decline. Quarter Highlights: Production, Costs, and Progress The most notable development was a sharp decrease in gold production and sales volumes compared to Q2 2024, with gold ounces sold falling to 1,491. Waste mined increased 36% to 474,654 tonnes compared to Q2 2024, suggesting the company worked deeper or more challenging areas of its open pit. Ore grades fell to 0.33 grams per tonne from 0.53 compared to Q2 2024. Unit costs climbed as fixed expenses were spread across fewer produced ounces. The total cash cost per gold ounce, a non-GAAP measure that reflects direct costs minus any by-product credits, rose 44.7% to $1,131 compared to Q2 2024. Meanwhile, the all-in sustaining cost, a broader measure including sustaining capital and reclamation, grew 43% to $1,452 per ounce (non-GAAP) compared to Q2 2024. The realized gold price averaged $3,287 per ounce, that permitted the company to remain profitable despite these cost pressures. CEO Jason Reid explained, "Between quarterly production from residual leach coupled with near term Pearl deep mineralization, we target production from both as our bridge to our next mine build at County Line." Efforts on environmental compliance continued, with reclamation liabilities (GAAP) dropping to $7.8 million from $9.9 million at year-end 2024. This indicates ongoing site restoration. Exploration spending was $1.3 million. There were no reported material one-time events affecting results beyond operational trends already discussed. Dividend payments totaled $1.5 million, meaning payouts exceeded net income for the period. Looking Forward: Permit Catalysts and Outlook Management did report progress on the County Line permitting process, describing the Bureau of Land Management as having advanced the Plan of Operations to a 30-day public comment phase. Final approval remains pending, and the timing is uncertain. The company ended the period with $17.1 million in cash and $26.6 million in working capital at June 30, 2025 but both figures continued to trend lower quarter by quarter. Operating cash flow for the first half of 2025 was negative $4.6 million. No debt is outstanding. The company's liquidity position remains solid for now, but ongoing cash burn makes permit progress at County Line crucial. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,039%* — a market-crushing outperformance compared to 181% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of August 4, 2025
Yahoo
17-06-2025
- Business
- Yahoo
Silvaco to Host a Tech Talk on the Diffusion of Innovation
SANTA CLARA, Calif., June 17, 2025 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. (Nasdaq: SVCO, 'Silvaco'), a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software, today announced it will host a tech talk exploring 'The Diffusion of Innovation: Investing in the Ecosystem Expansion'. This session is intended to provide investors and analysts with an in-depth understanding of how Silvaco is expanding the ecosystem for its innovative products, including the Fab Technology Co-Optimization™ (FTCO) solution. There will also be an opportunity for Q&A with management. Event Details: Event Title: 'The Diffusion of Innovation: Investing in the Ecosystem Expansion' Date/Time: Wednesday, June 25, 2025 at 10:00 AM Eastern Time Presenter: Ian Chan, Chief Revenue Officer A live webcast, as well as a replay, of the event will be available on the company's investor relations website at About Silvaco Group, is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco's solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan. Learn more at ContactsMedia Relations:Tiffany Behany, press@ Investor Relations:Greg McNiff, investors@ in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
Silvaco Partners with Kyung Hee University's Professor Jin Jang on AI-Powered Fab Technology Co-Optimization for Next Generation Display Technologies
SANTA CLARA, Calif., May 01, 2025 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. (Nasdaq: SVCO) ('Silvaco' or the 'Company'), a provider of TCAD, EDA software and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced a strategic research and development partnership with Professor Jin Jang and the Advanced Display Research Center (ADRC) at Kyung Hee University (KHU), South Korea. This four-year collaboration, which officially commenced on February 1, 2025, aims to advance display technology innovation through the integration of FTCO™ (Fab Technology Co-Optimization) with AI-driven Digital Twin modeling. Under the partnership, Silvaco will fund Ph.D. students at KHU and closely collaborate with Prof. Jang's team to provide high-quality measurement data for emerging display technologies—specifically Micro-LED and OLED. The joint research effort will combine this experimental data with Silvaco's industry-leading simulation tools and FTCO solution platform to create a comprehensive display technology Digital Twin spanning process, device, and circuit levels. 'Our goal is to demonstrate how FTCO and AI-enabled Digital Twins can revolutionize the development and production of advanced display technologies,' said Prof. Jin Jang. 'The collaboration with Silvaco allows us to bridge physical experimentation with virtual modeling, creating a robust foundation for faster, more accurate decision-making in fabs.' Silvaco's role in the partnership includes running corresponding TCAD simulations and developing a complete FTCO flow using Victory TCAD™ simulators with Victory DoE™ and Victory Analytics™ in conjunction with its EDA tools, SmartSpice™ and UTMOST IV™. Combined with experimental data from KHU, this FTCO-based Digital Twin will enable fab engineers to simulate the impact of process variations on device and circuit performance in real-time, significantly accelerating optimization cycles in manufacturing environments. 'Partnering with Professor Jin Jang and the ADRC team marks a major step forward in applying FTCO and Digital Twin approaches to optimize next generation display technologies,' said Eric Guichard, Senior Vice President and General Manager of the TCAD business unit at Silvaco. 'With their world-class expertise in Micro-LED, OLED devices, and related circuits combined with our advanced simulation and analytics platforms, we aim to unlock new levels of efficiency in process optimization, design, and yield improvement. This partnership represents a unique fusion of academic research paving the way for future innovations in display manufacturing and beyond.' About SilvacoSilvaco is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco's solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan. Learn more at ContactsMedia Relations:Tiffany Behany, press@ Investor Relations:Greg McNiff, investors@ in to access your portfolio
