Why Westwater Resources Shares Are Surging Today
Why Westwater Resources Shares Are Surging Today
Westwater Resources, Inc. (NYSE:WWR) shares are trading higher after the company reported FY23 results.
西水资源公司（纽约证券交易所代码：WWR）公布23财年业绩后，该公司股价走高。
The company didn't report any revenue from operations since 2009.
自2009年以来，该公司没有报告任何运营收入。
The company reported an EPS loss of $(0.15) in 2023, a decrease from $(0.25) in 2022, mainly owing to a $3.1 million cash settlement from the Republic of Turkey and a $1.2 million write-off of accrued uranium royalties, a $0.3 million increase in interest income on investment account, and $0.5 million less exploration expenses.
该公司报告称，2023年每股收益亏损0.15美元，低于2022年的0.25美元，这主要是由于土耳其共和国的现金结算和120万美元的应计铀特许权使用费注销，投资账户利息收入增加30万美元，勘探费用减少50万美元。
Product development expenses for 2023 increased 156% to $2.9 million due to continued product development, optimization, and additional sample production for customer evaluation.
2023年的产品开发费用增长了156％，达到290万美元，这要归因于持续的产品开发、优化以及额外的样品制作以供客户评估。
Net cash used in operations declined 13% Y/Y to $(11.4) million in 2023 due to receiving $3.1 million of arbitration settlement cash in the fourth quarter.
由于第四季度收到310万澳元的仲裁和解现金，运营中使用的净现金同比下降13％，至2023年（1140万美元）。
As of December 31, 2023, Westwater had a cash balance of $10.9 million and has incurred approximately $119.2 million since beginning construction of Phase I of the Kellyton Graphite Plant.
截至2023年12月31日，韦斯特沃特的现金余额为1,090万美元，自凯利顿石墨厂第一阶段开始建设以来，已支出约1.192亿美元。
Terence J. Cryan, Executive Chairman, said, "We are especially excited about our first off-take agreement with a major Tier 1 battery manufacturer, the increase in anticipated Phase I production while staying on budget, and the positive anticipated economic results from our initial assessment of the Coosa Graphite Deposit."
执行董事长Terence J. Cryan表示：“我们与一家主要的一级电池制造商达成的第一份承购协议，在预算不超过的情况下预期的第一阶段产量增加，以及我们对库萨石墨矿床的初步评估得出的积极预期经济业绩，我们感到特别兴奋。”
Frank Bakker, President, and CEO, stated, "Westwater is the only U.S.-based natural graphite company under construction on a processing facility that has a multi-year off-take agreement for CSPG, and that has a graphite deposit in the same state as its future processing plant. The accomplishments of the Westwater team were not only significant for 2023, but I believe positions Westwater well for 2024."
总裁兼首席执行官弗兰克·巴克尔表示：“Westwater是唯一一家总部位于美国的天然石墨公司，其加工设施与CSPG签订了多年期承购协议，其石墨矿床与其未来的加工厂处于同一状态。西水团队取得的成就不仅在2023年意义重大，而且我认为西水在2024年前景良好。”
Price Action: WWR shares are trading higher by 11.3% at $0.54 on the last check Wednesday.
价格走势：在周三的最后一次支票中，WWR股价上涨11.3％，至0.54美元。