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Ivanhoe Electric (Ivanhoe Electric) Net Income : $-218.81 Mil (TTM As of Mar. 2024)


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What is Ivanhoe Electric Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Ivanhoe Electric's Net Income for the three months ended in Mar. 2024 was $-55.51 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-218.81 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Ivanhoe Electric's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $-0.46.


Ivanhoe Electric Net Income Historical Data

The historical data trend for Ivanhoe Electric's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ivanhoe Electric Net Income Chart

Ivanhoe Electric Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
-24.63 -25.23 -59.32 -149.81 -199.38

Ivanhoe Electric Quarterly Data
Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -36.07 -38.26 -77.88 -47.16 -55.51

Ivanhoe Electric Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Ivanhoe Electric's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-216.659+0.584+0+16.698
=-199.38

Ivanhoe Electric's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-60.121+0.026+0+4.584
=-55.51

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-218.81 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Ivanhoe Electric  (AMEX:IE) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Ivanhoe Electric's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Ivanhoe Electric Net Income Related Terms

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Ivanhoe Electric (Ivanhoe Electric) Business Description

Traded in Other Exchanges
Address
606?–?999 Canada Place, Vancouver, BC, CAN, V6C 3E1
Ivanhoe Electric Inc is a United States-based minerals exploration and development company with a focus on developing mines from mineral deposits located in the United States. The company has three reportable segments; Critical metals segment is focused on mineral project exploration and development with a focus on identifying and developing mineral projects, and ultimately mines, associated with the metals necessary for electrification, The data processing segment provides data analytics, geophysical modeling, and artificial intelligence services for the mineral, oil & gas and water exploration industries, and The energy storage segment develops, manufactures and installs vanadium flow batteries for grid-scale energy storage. It derives a majority of its revenue from Canada.
Executives
Taylor Melvin director, officer: President and CEO C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1
Stephani Terhorst officer: Vice President Human Resources 1605 CROWN POINT ROAD, MCKINNEY TX 75072
Sofia Bianchi director P.O. BOX 68861, RIYADH T0 11537
Catherine Anne Barone officer: Chief Financial Officer 63 CLIFFWOOD DR, PORT MOODY A1 V3H 5J8
Ronald J Vance director C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Gibson Mark Andrew Stuart officer: Chief Operating Officer 1101, 172 VICTORY SHIP WAY, NORTH VANCOUVER A1 V7L 0B5
Boyd Graham Richard Thomas officer: Vice President, US Projects 1254 E 15TH AVE, VANCOUVER A1 V5T 2S8
Young Evan James Macmillan officer: VP, Corporate Development 123 LANGLEY AVENUE, TORONTO A6 M4K 1B6
Patrick Loftus-hills director 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1
Cassandra Pulskamp Joseph officer: VP, Gen Counsel and Corp Sec C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1
Quentin Markin officer: See Remarks C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1
Robert M Friedland director, officer: Chief Executive Officer 150 BEACH ROAD #25-03, THE GATEWAY WEST, SINGAPORE U0 189720
Jordan Neeser officer: Chief Financial Officer C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1
I-pulse Inc. 10 percent owner 150 BEACH ROAD #25-003, THE GATEWAY WEST, SINGAPORE U0 189720
Glen Nickolas Kuntz officer: Chief Tech & Innovation Off. 4300 LOCH LOMOND ROAD, THUNDER BAY A6 P7J 1N9

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