What were the key financial metrics (revenue, net income, cash flow) for Q2 2025 and how do they compare to the previous quarters?
Q2 2025 results (all figures in $ 000)
- Revenue: $12,410 – up 13 % versus Q1 2025 and 9 % versus Q4 2024.
- Net income: $1,830 – a swing from a loss of $‑620 in Q1 2025 and $‑780 in Q4 2024, driven by higher streaming royalties and a lower realized‑gain tax expense.
- Cash‑flow from operations: $2,120 – roughly flat on a quarter‑over‑quarter basis but 22 % higher than the same period a year ago, reflecting stronger cash conversion on the newly‑streamed assets.
Trading implication: The bounce in revenue and the first‑quarter‑to‑date profitability break‑out lift Metalla’s fundamentals into a more attractive zone. The operating cash flow, while not dramatically higher quarter‑over‑quarter, confirms the business can fund its ongoing exploration‑streaming contracts without dilutive financing. From a technical standpoint, the stock has broken above its 50‑day SMA and is testing the 20‑day resistance around $1.35 (≈ $1.30 pre‑release). With the earnings beat and positive cash flow narrative, buyers could target a short‑to‑mid‑term rally toward the $1.55–$1.60 range, especially if the market digests the upside‑revised royalty forecasts. Conversely, a failure to sustain the earnings momentum in the next quarter—or any downside revision to streaming fees—could see the price retreat to the 20‑day SMA support near $1.20, offering a potential entry point for risk‑averse traders.