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Comstock Completes GenMat Transaction
GlobeNewswire News Room· 2024-11-13 21:20
VIRGINIA CITY, Nev., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced the acquisition of 100% of the equity of GenMat Licensing LLC (“AICo”) in exchange for 100% of the Company’s equity in Quantum Generative Materials LLC (“GenMat”). AICo holds a non-exclusive end user right and license (“EULA”) to use GenMat’s now and hereafter existing artificial intelligence (“AI”) for materials science technologies, services and products, as well as all current ...
Comstock Q3 Earnings Decline Y/Y on Deferred Fees Headwind
ZACKS· 2024-11-08 19:45
For the third quarter of 2024, Comstock Holding Companies, Inc. (CHCI) reported earnings per share (EPS) of 23 cents, a decrease from 46 cents in the prior-year quarter.The company’s quarterly revenues were $13 million, down from $14.5 million in the third quarter of 2023. Comstock’s third-quarter 2024 performance was characterized by strong recurring revenue growth in property and parking management, which was offset by deferred incentive fees that impacted overall revenue. The company's revenue decrease s ...
Comstock Resources Continues To Burn Cash
Seeking Alpha· 2024-11-01 12:23
Core Insights - The article promotes a free two-week trial for the investment group Distressed Value Investing, which provides exclusive research on various companies and investment opportunities [1] - The group focuses on value opportunities and distressed plays, particularly in the energy sector, led by analyst Aaron Chow, who has over 15 years of analytical experience [2] Group 1 - Distressed Value Investing offers access to a portfolio of historic research, including over 1,000 reports on more than 100 companies [1] - Aaron Chow, a top-rated analyst, co-founded a mobile gaming company that was acquired by PENN Entertainment and has experience in designing economic models for mobile apps with over 30 million installs [2] - The investment group emphasizes both value opportunities and distressed investments, with a significant focus on the energy sector [2]
Comstock(LODE) - 2024 Q3 - Earnings Call Transcript
2024-10-22 22:47
Comstock Inc. (NYSE:LODE) Q3 2024 Earnings Call Transcript October 22, 2024 4:30 PM ET Company Participants Trevor Brucato - RB Milestone Group Corrado De Gasperis - Chair and CEO William McCarthy - COO Trevor Brucato Welcome everybody to Comstock's Third Quarter 2024 Results and Business Update. This is Trevor Brucato with RB Milestone Group, Comstock's US-based investor relations firm. Comstock is listed on the NYSE American under the symbol LODE. And joining us today is Comstock's Executive Chair and CEO ...
Comstock(LODE) - 2024 Q3 - Quarterly Results
2024-10-22 20:29
Exhibit 99.1 comstock COMSTOCK ANNOUNCES THIRD QUARTER 2024 RESULTS AND CORPORATE UPDATES Advances Commercialization of Fuels, Metals, and Mining Businesses VIRGINIA CITY, NEVADA, October 22, 2024 - Comstock Inc. (NYSE: LODE) ("Comstock," "our," and the "Company") today announced its third quarter 2024 results, certain business and investment updates and an updated business outlook, with significant progress from each business, corporate and collectively across the system. "Our fuels and metals businesses h ...
Comstock Inc. (LODE) Reports Q3 Loss, Misses Revenue Estimates
ZACKS· 2024-10-22 12:15
Comstock Inc. (LODE) came out with a quarterly loss of $0.03 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced a loss of $0.06, delivering a surprise of -50%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Comstock Inc., which belongs to the Zacks ...
Comstock(LODE) - 2024 Q3 - Quarterly Report
2024-10-22 10:03
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______ TO ______. COMMISSION FILE NO.: 001-35200 COMSTOCK INC. (Exact name of registrant as specified in its charter) Nevada 65-0955118 (State or other juri ...
Comstock Announces Third Quarter 2024 Results and Corporate Updates
GlobeNewswire News Room· 2024-10-22 10:00
VIRGINIA CITY, Nev., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock,” “our,” and the “Company”) today announced its third quarter 2024 results, certain business and investment updates and an updated business outlook, with significant progress from each business, corporate and collectively across the system. “Our fuels and metals businesses have commercial validation of their plans,” stated Corrado De Gasperis, Comstock’s Executive Chairman and Chief Executive Officer. “Our business ...
Comstock Inc. to Host Q3 Earnings Call on October 22, 2024, at 4:30pm ET
GlobeNewswire News Room· 2024-10-14 10:00
Corrado De Gasperis, Executive Chairman, Director & CEO, and William McCarthy, COO, will provide business updates and the Company's third quarter financial results followed by a live Q&A session. Investors and other interested parties are invited to join and learn more about Comstock's innovative technologies and commercializing businesses that enable systemic decarbonization. VIRGINIA CITY, Nev., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) ("Comstock" and the "Company") is pleased to annou ...
Comstock: Updates And New Developments
Seeking Alpha· 2024-10-10 17:25
Group 1 - The article highlights a significant disconnect between market capitalization and asset value in small and micro-cap companies, which is considered one of the most notable instances in nearly 20 years of investing in this sector [1] - 1035 Capital focuses on small and micro-cap equities, aiming to create a core portfolio that combines growth and value, with better-than-index valuation and growth metrics [1] - The investment strategy emphasizes the necessity of having a strong catalyst to drive change at the company, referred to as "front running the black box" [1]