The company remains in a pre-revenue development stage, with financial performance currently dominated by administrative expenses rather than top-line growth.
| Metric | Jun'24 | Jun'23 | Jun'22 | Jun'21 |
|---|
| Sales/Revenue | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - |
| Cost of Goods Sold | 26K | 0 | 0 | 0 |
| COGS % of Revenue | - | - | - | - |
| Gross Profit | -26K | 0 | 0 | 0 |
| Gross Margin % | - | - | - | - |
| Gross Profit Growth % | - | - | - | - |
| Operating Expenses | 2.97M | 439.42K | 353.85K | 502.45K |
| OpEx % of Revenue | - | - | - | - |
| Selling, General & Admin | 2.97M | 410.27K | 203.77K | 520.19K |
| SG&A % of Revenue | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | 0 | 29.15K | 150.08K | -17.74K |
| Operating Income | -3M | -2.22M | -353.85K | -492.91K |
| Operating Margin % | - | - | - | - |
| Operating Income Growth % | -35.01% | -528.11% | 28.21% | - |
| EBITDA | -2.97M | -2.22M | -346.44K | -490.69K |
| EBITDA Margin % | - | - | - | - |
| EBITDA Growth % | -34.25% | -539.6% | 29.4% | - |
| D&A (Non-Cash Add-back) | 26K | 6.76K | 7.41K | 2.22K |
| EBIT | -110.81M | 191.48K | -249.58K | -492.28K |
| Net Interest Income | -36.68M | 2.41M | 8.36K | 6.31K |
| Interest Income | 0 | 2.41M | 8.36K | 6.44K |
| Interest Expense | 36.68M | 0 | 0 | 136 |
| Other Income/Expense | -144.49M | 2.41M | 8.36K | -8.63K |
| Pretax Income | -147.49M | 191.48K | -345.49K | -501.54K |
| Pretax Margin % | - | - | - | - |
| Income Tax | 0 | 445.31K | 0 | 0 |
| Effective Tax Rate % | 0% | 232.56% | 0% | 0% |
| Net Income | -147.49M | -5.36M | -284.6K | -501.54K |
| Net Margin % | - | - | - | - |
| Net Income Growth % | -2654.16% | -1781.63% | 43.25% | - |
| Net Income (Continuing) | -147.49M | -253.83K | -345.49K | -501.54K |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.82 | -0.01 | -0.02 | 0.00 |
| EPS Growth % | -15455.56% | 26.42% | - | - |
| EPS (Basic) | -1.82 | -0.01 | -0.02 | 0.00 |
| Diluted Shares Outstanding | 80.99M | 21.77M | 21.77M | 0 |
| Basic Shares Outstanding | 80.99M | 21.77M | 21.77M | 0 |
| Dividend Payout Ratio | - | - | - | - |
Liquidity and financing shortfall
As a pre-revenue entity, the company currently lacks any commercial income streams, with financial filings confirming that all operational activities remain focused on the development of the Wolfsberg Lithium Project rather than generating top-line growth through the sale of lithium hydroxide or spodumene concentrate products.
The absence of revenue indicates that the company is entirely dependent on external capital to fund its exploration and evaluation activities. Investors should monitor the transition from development to production as the primary indicator of future growth potential, as current figures provide no evidence of market-based revenue generation.
Based on reported financial disclosures, the company maintains a cost structure dominated by administrative and exploration expenses, which appears to be placing significant pressure on the limited cash reserves of approximately $1.26 million currently available to support ongoing operations and project development milestones.
The current expense profile reflects the typical high-burn nature of a pre-production mining firm. Without a revenue offset, these fixed costs necessitate constant capital infusions, which may lead to significant shareholder dilution if the company cannot secure non-dilutive financing or government grants in the near term.
According to recent SEC filings, the company's reported cash balance of $1,259,242 suggests an extremely tight liquidity position that may be insufficient to cover the substantial capital expenditures required for mine construction, potentially forcing management to seek dilutive equity raises to maintain project continuity.
The reliance on public markets for capital in a high-interest-rate environment presents a material risk to the company's long-term viability. Analysts should scrutinize the sustainability of this burn rate, as the current cash position appears inadequate to bridge the gap to commercial production without significant external support.
As noted in financial statements, the company's net income figures are heavily influenced by non-cash fair value adjustments related to the CRMLW warrant structure, which may mask the underlying operational reality of the firm's cash-burning development activities and complicate traditional earnings analysis for institutional investors.
These accounting nuances mean that reported net income is not a reliable proxy for operational health or project progress. Investors should focus on cash flow metrics and project-specific permitting milestones rather than bottom-line earnings, which are currently distorted by the volatility of the warrant-related financial instruments.
Quick answers to the most common questions about buying CRMLW stock.
For fiscal year 2024, Critical Metals Corp. (CRMLW) reported total revenue of $0.0M.
Critical Metals Corp. (CRMLW) reported a net loss of $147.5M for the fiscal year ending 2024.