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Unless otherwise indicated or the context otherwise requires, use of the terms "Company", "i-80" and "i-80 Gold" in this Annual Report refer to i-80 Gold Corp. and its direct and indirect subsidiaries as of the date of this Annual Report, or other entities controlled by them, on a consolidated basis, notwithstanding that such direct and indirect subsidiaries may not have been controlled by them…
The business is unprofitable at the operating level (-130.66% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 89.1% YoY with margins expanding 46.3pp.
ROIC dropped from -13.12% to -18.56%, capital efficiency is deteriorating. Negative free cash flow of -$93M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$134M
▲ +89.1% YoY
Net Income (TTM)
-$236M
▼ -63.6% YoY
Op. Margin
-97.67%
▲ +46.3pp YoY
ROIC
-16.44%
▼ -5.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$127M
▼ -10.3% YoY
Op. Cash Flow (TTM)
-$106M
▼ -1.3% YoY
Net Debt
-$72M
Net Cash Position
Cash & Equiv.
$514M
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