Great work by the Royalty Management Holding Corporation (NASDAQ:RMCO) team!
Royalty Management Holding Corporation (NASDAQ: $RMCO) Reports 2024 Financial Results, Including Positive Cashflow From Operations of $646,290 For Full Year - Total revenues increased by 65% year-over-year in 2024 and an increase in adjusted Earning Per Share of $0.01 (when adjusted for one time or non-recurring expenses) - Net Cash provided by operations swings from negative $236,877 in 2023 to positive $646,290 in 2024. - Environmental services business line previously provided revenue guidance exceeding $3 million for 2025 with corporate profitability - Company is expecting to continue stock repurchase program and has announced commencements of dividend payments starting in second quarter 2025 while continuing to use cash flow to invest in growth opportunities March 31, 2025 | Source: Royalty Management Holding Corporation FISHERS, INDIANA / March 31, 2025 / Royalty Management Holding Corporation (Nasdaq: $RMCO) (“Royalty Management” “RMCO”, or the “Company”), a forward leaning royalty company building shareholder value by acquiring and developing high value assets in a variety of resource-driven and emerging technology industries, is pleased to announce its operating and financial results for the year ending December 31, 2024. Thomas Sauve, Chief Executive Officer of the Company, stated, “2024 was a foundational year for the business, where we swung to a positive cashflow from operations and set the business up for an exciting 2025 and beyond, with guidance from our environmental services business alone expected to exceed $3 million in revenue in 2025, which is over 400% growth year-over-year. The Company also significantly reduced its overall liabilities during the 2024 year, positioning it to have unfettered growth and the ability to increase returns of cash back to shareholders through dividends and stock buybacks, while not impairing our ability to continue investing in royalty-bearing projects”. Tom continued: “As we look forward to 2025 and beyond, we will aggressively seek for new ways to both expand our current portfolio of investments and invest in new opportunities, with a preference to investments in the resource extraction sector and intellectual property surrounding resources. With our expanding portfolio in mines and technologies touching the rare earth element and critical minerals space, we feel that we are in a very strong position to reap the benefits of renewed interest within the United States to bring this sector and supply chain back to the domestic market.” https://lnkd.in/gxsiacFc American Resources Corporation ReElement Technologies