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Published on 10 Aug 2022 on Zacks via Yahoo Finance

Comstock Mining (LODE) Q2 Earnings & Revenues Miss Estimates


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Comstock Mining LODE recently announced selected financial results for the second quarter of 2022. LODE reported a loss per share of 20 cents in the quarter, comparing unfavorably with the Zacks Consensus Estimate of a loss of 6 cents. LODE had reported a loss per share of 15 cents in the year-ago quarter. Results were primarily affected by increases in research and development expenditures, and changes in fair values of derivatives.Revenues of $0.05 million missed the Zacks Consensus Estimate of $1 million. The figure also compared unfavorably with the year-ago revenues of $0.06 million.

Operating expenses came in at $5.9 million in the second quarter of 2022. The figure includes selling, general and administrative expenses of $2.5 million, and research and development expenses of $2.6 million, and depreciation of $0.8 million.

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