NioCorp Developments Ltd. (NB) Financial Statements (2024 and earlier)

Company Profile

Business Address 7000 S. YOSEMITE STREET
CENTENNIAL, CO 80112
State of Incorp. BC
Fiscal Year End June 30
Industry (SIC) 10 - Metal Mining (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
MRQ
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6342,3415,2808,626307357
Cash and cash equivalents6342,3415,2808,626307357
Prepaid expense  1,385    
Other undisclosed current assets432 402 3171
Total current assets:1,0663,7265,6828,626338428
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization20923694  
Property, plant and equipment838839850   
Long-term investments and receivables, including:79    
Other undisclosed long-term investments and receivables79    
Other undisclosed noncurrent assets16,12016,12016,130 10,65910,657
Total noncurrent assets:17,17417,20417,074 10,65910,657
TOTAL ASSETS:18,24020,93022,7568,62610,99711,085
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,0013,491817 3,0652,941
Accounts payable4,0013,491115 2,460 
Accrued liabilities765252252 155 
Other undisclosed accounts payable and accrued liabilities(765)(252)450 4502,941
Debt5,506 2,169 1,096800
Derivative instruments and hedges, liabilities     33 
Other liabilities2,093     
Due to related parties 2,000 3,8181,480
Other undisclosed current liabilities957182   
Total current liabilities:11,6953,5625,068 8,0125,221
Noncurrent Liabilities
Long-term debt and lease obligation  10,56123 3441,012
Long-term debt, excluding current maturities  10,561  3441,012
Liabilities, other than long-term debt3,1755,153    
Other liabilities3,0404,989    
Operating lease, liability13516423  
Other undisclosed noncurrent liabilities7,62210,521(23)   
Total noncurrent liabilities:10,79726,23523 3441,012
Total liabilities:22,49229,7975,091 8,3566,233
Temporary equity, carrying amount1,8302,100    
Equity
Equity, attributable to parent(6,082)(10,967)17,665 2,6414,852
Common stock151,810140,421129,055 84,47682,939
Additional paid in capital     13,20613,124
Accumulated other comprehensive loss(911)(911)(993) (355)(526)
Accumulated deficit(156,981)(150,477)(110,397) (94,686)(90,685)
Total equity:(6,082)(10,967)17,665 2,6414,852
TOTAL LIABILITIES AND EQUITY:18,24020,93022,756 10,99711,085

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues61462618  
Sublease income16332618 
Other income(2)13    
Cost of revenue
(Other Cost of Operating Revenue)
   (2,617)   
Gross profit:6146(2,591)18  
Operating expenses(39,487)(37,410)(7,796)(4,092)(3,432)(6,436)
Other undisclosed operating income1,422     
Operating loss:(38,005)(37,364)(10,387)(4,074)(3,432)(6,436)
Nonoperating income (expense)
(Gain (Loss), Foreign Currency Transaction, before Tax)
(124)(216)(258)729(179)3
Interest and debt expense(1,823)1,208(2,827)(1,276)(354)(266)
Loss from continuing operations before equity method investments, income taxes:(39,952)(36,372)(13,472)(4,621)(3,965)(6,699)
Other undisclosed income (loss) from continuing operations before income taxes266 2,585231(36)(637)
Loss from continuing operations before income taxes:(39,686)(36,372)(10,887)(4,390)(4,001)(7,336)
Income tax benefit405304    
Other undisclosed income from continuing operations76,68076,68021,774   
Income (loss) from continuing operations:37,39940,61210,887(4,390)(4,001)(7,336)
Income (loss) before gain (loss) on sale of properties:21,774(4,390)(4,001)(7,336)
Income from discontinued operations  40,61210,887   
Other undisclosed net loss(77,677)(121,304)    
Net income (loss):(40,278)(40,080)21,774(4,390)(4,001)(7,336)
Net loss attributable to noncontrolling interest(498)(228)    
Other undisclosed net loss attributable to parent  (32,661)   
Net loss attributable to parent:(40,776)(40,308)(10,887)(4,390)(4,001)(7,336)
Other undisclosed net income available to common stockholders, basic81,01880,365    
Net income (loss) available to common stockholders, basic:40,24240,057(10,887)(4,390)(4,001)(7,336)
Dilutive securities, effect on basic earnings per share44,894,31523,229,46437,132,253   
Other undisclosed net income available to common stockholders, diluted23,229,464     
Net income (loss) available to common stockholders, diluted:68,164,02123,269,52137,121,366(4,390)(4,001)(7,336)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):(40,278)(40,080)21,774(4,390)(4,001)(7,336)
Other comprehensive income (loss)  (1)(6)92(7)
Other undisclosed comprehensive loss(1)     
Comprehensive income (loss):(40,279)(40,081)21,768(4,381)(3,999)(7,343)
Comprehensive income, net of tax, attributable to noncontrolling interest2,5431,528    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(15,600)(1,673)(32,489)(797)1691
Comprehensive loss, net of tax, attributable to parent:(53,336)(40,226)(10,721)(5,178)(3,830)(7,342)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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