IperionX Limited primarily focuses on discovering and developing mineral resource sites. The company's geological surveys seek out valuable deposits, specifically targeting epithermal ...
IperionX Limited is a U.S.-focused critical-materials and advanced-manufacturing company that is transitioning from mineral exploration and technology development toward commercial titanium production. The company was originally incorporated in Western Australia in 2017 under the name Hyperion Metals Limited and changed its name to IperionX Limited in February 2022. Its shares ...IperionX Limited is a U.S.-focused critical-materials and advanced-manufacturing company that is transitioning from mineral exploration and technology development toward commercial titanium production. The company was originally incorporated in Western Australia in 2017 under the name Hyperion Metals Limited and changed its name to IperionX Limited in February 2022. Its shares trade on the NASDAQ Capital Market under IPX, and the company also has an Australian-market presence. Chief Executive Officer and co-founder Anastasios “Taso” Arima leads the company’s corporate, financing, technology-commercialization, and project-development activities.
The central business objective is to establish a domestic, lower-carbon titanium supply chain in the United States. Titanium is used in aerospace, defense, medical devices, additive manufacturing, automotive applications, consumer products, and other industries where high strength-to-weight ratios and corrosion resistance are valuable. Conventional titanium production generally involves energy-intensive processing and a complex supply chain. IperionX is seeking to differentiate itself through patented technologies designed to produce titanium metal, powders, and high-performance alloys from titanium minerals or scrap titanium with potentially lower energy use, cost, and carbon emissions.
The company’s principal mineral asset is the Titan Project, an approximately 6,000-acre project in Tennessee that is intended to provide a domestic source of titanium and related critical minerals. IperionX also owns the Milford Project in Utah, comprising 101 claims and prospective for titanium, rare earth elements, silica sand, zircon, and other mineral resources. These assets provide the potential raw-material base for an integrated operation, although exploration results, resource estimates, permitting, financing, construction, and future operating performance remain subject to substantial technical and commercial risks.
IperionX is still a development-stage company rather than a mature producer. Financial data supplied for the trailing period show no meaningful commercial revenue, negative operating cash flow, negative earnings, and continuing capital requirements. Consequently, traditional cost-of-goods-sold, bill-of-materials, gross-margin, and unit-economics metrics are not yet established at steady-state production. Future costs are expected to include mineral extraction and beneficiation, reducing and refining materials, energy, labor, plant construction, equipment, maintenance, logistics, quality control, permitting, and research and development. The company’s economic proposition depends on achieving competitive capital intensity, production yields, energy consumption, product quality, and customer qualification.
Management has stated an objective of scaling titanium capacity to approximately 1,400 tonnes per year, with commissioning targeted for around mid-2027 according to the supplied quarterly-report reference. Key priorities include completing engineering and permitting, securing project financing, advancing demonstration and commercial-scale facilities, qualifying products with customers, developing offtake relationships, and expanding the domestic U.S. supply chain. The company’s principal opportunities are rising demand for secure American critical-material supplies, defense and aerospace applications, recycled titanium, and lower-carbon manufacturing. Its principal risks include technology scale-up, construction and commissioning delays, funding dilution, commodity-price volatility, regulatory approvals, resource continuity, customer qualification timelines, competition from established global producers, and the absence of current operating revenue. The supplied annual employee information indicates a relatively small organization of approximately 70 employees, consistent with a company focused on project development, engineering, technology, geology, corporate functions, and commercialization rather than large-scale mining or manufacturing operations.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$0
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Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-35.3M
-59.0%
+1.4%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
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Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
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Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
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Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-39.4M
-47.7%
+63.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
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Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
4.3%
+47.2%
-3.2%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
6.99x
-48.7%
-42.3%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
