United States Antimony Corporation, commonly known as U.S. Antimony, is a publicly traded specialty materials company listed under the symbol UAMY on the NYSE American. The company was founded in 1968 and is headquartered in Dallas, Texas, with operating and processing activities in the United States and Mexico. Gary C. ...United States Antimony Corporation, commonly known as U.S. Antimony, is a publicly traded specialty materials company listed under the symbol UAMY on the NYSE American. The company was founded in 1968 and is headquartered in Dallas, Texas, with operating and processing activities in the United States and Mexico. Gary C. Evans serves as chairman and chief executive officer. The business has approximately 101 employees, placing it in the 101-200 employee category.
U.S. Antimony’s core business is the processing, production, and sale of antimony products. Its antimony portfolio includes antimony trioxide, antimony metal, and antimony trisulfide. Antimony trioxide is primarily used with halogen compounds in flame-retardant systems for plastics, rubber, fiberglass, textiles, paints, coatings, and paper. It can also be used as a paint color fastener and in certain phosphorescent applications. Antimony metal is used in bearings, storage batteries, and ordnance, while antimony trisulfide is used as a primer ingredient in ammunition. These applications give the company exposure to defense, industrial manufacturing, electrical storage, and fire-safety markets.
The company’s second principal segment is zeolite. U.S. Antimony sells coarse and fine zeolite for soil amendments, fertilizers, water filtration, sewage treatment, mine ventilation, nuclear-waste and environmental cleanup, odor control, gas separation, animal nutrition, catalysts, petroleum refining, concrete, solar-energy and heat-exchange systems, desiccants, pellet binding, animal litter, floor cleaning, traction control, ammonia removal, and agricultural chemical carriers. Zeolite’s broad functionality provides potential diversification beyond antimony and defense-related demand.
U.S. Antimony also recovers unrefined and refined gold and silver, adding a precious-metals recovery component to its operations. The company is strategically notable because antimony is considered a critical mineral, and domestic processing capacity can support U.S. defense and supply-chain objectives. Public information describes the company as an important domestic antimony processor and supplier to military and other critical industries.
The supplied trailing-twelve-month data indicates a strong liquidity position, including a current ratio of approximately 3.62 and very low reported debt relative to assets and equity. However, the same data shows weak recent profitability and cash generation: gross margin was approximately 7%, net margin was approximately negative 41%, return on equity was negative, and free cash flow was substantially negative. Capital expenditure was high relative to revenue and operating cash flow, suggesting that expansion, commissioning, maintenance, or strategic capacity investments may be affecting near-term results. The company pays no dividend according to the supplied information. Its longer-term prospects depend on reliable raw-material sourcing, successful capacity development, antimony pricing, defense and industrial demand, operating efficiency, environmental compliance, and the ability to convert strategic importance into sustainable revenue and profitability.
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).
$39.3M
+162.8%
+16.8%
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.
$-4.3M
-150.8%
+101.0%
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.
-4.3%
-118.7%
+110.5%
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).
-22.6%
-41.3%
+20.5%
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.
-11.1%
+4.6%
+100.8%
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.
$-37.5M
-2195.3%
+23.3%
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.
-95.5%
-897.3%
+34.4%
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.
0.1%
-97.8%
+50.4%
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.
5.38x
+4.2%
+218.6%
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.
Operator: Greetings, and welcome to the United States Antimony Corporation's Second Quarter and 6 Months Ended June 30, 26 Financial and Operating Results Conference Call. At this time, all participants are in a listen-only mode. And a question and answer session will follow the formal presentation. If you would like to ask a question, you may click on the ask question box on the left side of your screen. Type your questions and hit send. We do ask for each participant to place or please limit to 1 question while submitting. If anyone should require operator assistance during the webcast, And please note, this conference call and webcast is being recorded. I will now turn the call over to your host, Mr. Gary C. Evans, chairman and chief executive officer. Has been transcribed. 1 moment while I notify the caller.
Gary C. Evans: Hello? Okay. Thank you, Ali, and welcome to everybody. And thank you very much for joining us today. First, I would like to start by introducing other members of our company's management team who will be joining me on this call today. We have 5 total speakers from management who will be talking about the respective divisions. They are as follows. Shawn Winkler, our interim chief financial officer Joe Bardswich, our director and executive vice president and chief mining engineer Damian Coleman, who is managing director of our government affairs in DC, who you have not spoken to before. Aaron Tinesh, Vice President of our Antimony division, and Jonathan Miller, who is vice president of our investor relations area. So I would like to start out by turning the call over to Shawn Winkler, our interim Chief Financial Officer, to go over financial results that we have just reported a few minutes ago, to the public. Shawn?
Shawn Winkler: Thanks, Gary. It was my first full quarter with the company. I continue to be extremely impressed. With our senior management, our outstanding operating team, and working closely with our high quality advisers just continues to be an impressive team. Jumping on the numbers, second quarter 26 revenue was around 7.9 million. That is compared to $10.5 million in the second quarter of 25. that is a decline of approximately 25% year over year. That is driven almost entirely by lower realized antimony pricing. Sequentially, compared to Q1, however, revenue was up 17% from the $6.8 million we reported in the first quarter reflecting higher antimony volumes and continued strength in our zeolite segment. On a 6 month year to date basis, revenue was 14.7 million compared to 17.5 million for the first half of 25. A 16% decrease that, again, as the aforementioned year over year decline in realized antimony prices, partially offset by higher volumes. Jumping into our segment breakdown, antimony revenue was $5.9 million in the second quarter compared to 9.6 million in the prior year period. Dollar pounds sold increased approximately 26% year over year to £428 thousand. Average selling prices declined …