Q2 2026 United States Antimony Corp Earnings Call Transcript
Key Points
- Antimony volumes increased 26% year-over-year, with 428,425 pounds sold in Q2 2026.
- Zeolite segment revenue surged 110% year-over-year, driven by a 114% increase in tons sold.
- Strong liquidity position with $62.2 million in cash and treasuries, and total assets grew to $190.6 million.
- Successful execution on the DLA contract, with first deliveries of antimony ingots and cumulative orders of $57.3 million.
- Institutional ownership increased to 57%, with notable additions from major investment firms like State Street and BlackRock.
- Revenue declined 25% year-over-year to $7.9 million, primarily due to a 52% drop in average antimony selling prices.
- Gross margin compressed to 7% from 27% in the prior year quarter, driven by lower antimony prices.
- Operating loss of $7 million in Q2, impacted by higher non-cash share-based compensation and increased operating expenses.
- Antimony prices remain volatile and are influenced by China, with expectations of staying around $10 per pound for the remainder of 2026.
- DLA deliveries were delayed, with revenue recognition pushed to Q3, and the company lowered its full-year revenue guidance to $60-$75 million.
Greetings and welcome to the United States Antimony Corporation second quarter and six months ended June 30, 2026 financial and operating results conference call. (Operator Instructions) And please note, this conference call and webcast is being recorded.
I will now turn the call over to your host, Mr. Gary C. Evans, Chairman and Chief Executive. This message has been transcribed. One moment while I notify the caller.
Hello.
Okay, thank you, Allie, and welcome to everybody. And thank you very much for joining us today.
First, I'd like to start by introducing other members of our company's management team who'll be joining me on this call today. We have five total speakers from management who'll be talking about the respective divisions. They are as follows. Sean Winkler, our Interim Chief Financial Officer. Joe Bardswich, our Director and Executive Vice President and Chief Mining Engineer.
Damian Coleman, who's managing director of our
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