Star Royalties (STRR) Q3 2024 earnings summary

Executive summary

• Report covers unaudited results for the three and nine months ended September 30, 2024 and 2023, with financials prepared in U.S. dollars and not reviewed by auditors.

• The business focuses on carbon credit and precious metals royalty and streaming investments, with significant activity through the Green Star joint venture.

Financial highlights

• Cash at September 30, 2024 was $1,592,853, down from $2,880,019 at December 31, 2023.

• Net loss for the nine months ended September 30, 2024 was $1,577,634, compared to $1,256,443 for the same period in 2023.

• Comprehensive loss for the nine months ended September 30, 2024 was $2,675,709, up from $1,355,801 year-over-year.

• Revenue for the nine months ended September 30, 2024 was $667,151, down from $731,029 in 2023.

• Gross profit for the nine months ended September 30, 2024 was $(128,693), compared to $142,874 in 2023.

Outlook and guidance

• Material uncertainty exists regarding the ability to continue as a going concern, dependent on generating revenue, management fees, and securing additional financing.