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Jun 30, 2022
Tmc Q2 2022 Earnings Report
TMC reported financial results for the second quarter ending June 30, 2022.
Key Takeaways
TMC held cash of $46.3 million and reported a net loss of $12.4 million, or $0.05 per share, for the second quarter of 2022.
TMC held cash of $46.3 million at June 30, 2022 and held no debt.
Net loss for the second quarter of 2022 was $12.4 million, or $0.05 per share.
Exploration and evaluation expenses decreased due to a decrease in offshore campaign activity.
General and administrative expenses decreased due to a reduction in share-based compensation and communication costs.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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