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and Properties Our Company enCore Energy Corp., America s Clean Energy Company , was incorporated on October 30, 2009, under the Laws of British Columbia and is a reporting issuer in all of the provinces and territories of Canada. As of January 1, 2025, the Company ceased to be a foreign private issuer and has become a domestic issuer.
The business is unprofitable at the operating level (-152.39% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 26.0% YoY. Margins deteriorated 28.7pp alongside, both lines moving the wrong way.
Negative free cash flow of -$45M. The business is consuming cash, not generating it. Operating margin contracted 28.7pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$43M
▼ -26.0% YoY
Net Income (TTM)
-$26M
▲ +7.4% YoY
Op. Margin
-139.66%
▼ -28.7pp YoY
ROIC
-14.19%
▲ +3.4pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-$45M
▲ +20.4% YoY
Op. Cash Flow (TTM)
-$39M
▲ +44.7% YoY
Net Debt
$72M
Cash & Equiv.
$42M
3Y CAGR: +116.6%
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