United States Antimony Corporation Reports Significant Q1 Revenue Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 42 minutes ago
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Should l Buy UAMY?
Source: stocktwits
- Revenue Miss: United States Antimony Corporation reported Q1 revenue of $6.8 million, falling short of the $14.83 million consensus estimate and slightly below last year's $7 million, indicating weakened market demand and increased sales pressure.
- Gross Margin Plunge: The gross margin dropped from 34% to 16%, primarily due to rising input costs and underutilized cheaper ore, resulting in a net loss ballooning to $11.3 million, reflecting a significant deterioration in profitability.
- Capital Inflows: Despite the quarterly loss, the company secured $12.8 million in government grants and raised $48.6 million through equity issuance after March 31, improving cash availability but increasing the share count.
- Market Sentiment Shift: Retail sentiment on Stocktwits shifted from 'bearish' to 'neutral' with a 320% surge in message volume, indicating cautious optimism among investors regarding potential future growth opportunities.
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Analyst Views on UAMY
Wall Street analysts forecast UAMY stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 9.970
Low
9.75
Averages
10.00
High
10.25
Current: 9.970
Low
9.75
Averages
10.00
High
10.25
About UAMY
United States Antimony Corporation is engaged in the production and sale of antimony, precious metals, primarily gold and silver, and zeolite products. The Company has two reportable segments: antimony and zeolite. Its antimony segment consists of its facility located in the Burns Mining District of Sanders County in Montana that processes ore primarily into antimony oxide, antimony metal, antimony trisulfide, and precious metals, and its two facilities in its US Antimony de Mexico, S.A. de C.V. (USAMSA) subsidiary located in Mexico that process ore primarily into antimony metal and a lower grade of antimony oxide. Its zeolite segment includes its vertically integrated Bear River Zeolite (BRZ) facility located in Preston, Idaho that mines, processes, and sells zeolite. Its zeolite has been used in soil amendment and fertilizer, water filtration, and sewage treatment. The Company also operates Fostung Tungsten Property located near Sudbury, Ontario, Canada, near the town of Espanola.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Sales Performance Overview: United States Antimony Corporation reported Q1 2026 sales of $6.8 million, a decrease of $1.3 million compared to the previous year, primarily due to rising labor, factory, and freight costs, indicating financial pressures during the production ramp-up phase.
- Net Loss Situation: The company experienced a net loss of $11.3 million in Q1, largely attributed to a non-cash stock compensation expense of $4.8 million and an unrealized loss of $4.1 million on its Larvotto investment, reflecting financial challenges amid expansion efforts.
- Order and Financing Dynamics: The company secured $12 million in sales orders under its DLA contract and raised $48.6 million in new equity, showcasing growth momentum driven by government demand and funding.
- Future Outlook and Risks: Management reaffirmed the $125 million revenue guidance for 2026, expecting improved performance in the second half of the year, while acknowledging potential volatility due to rising costs and execution risks.
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- Revenue Miss: United States Antimony Corporation reported Q1 revenue of $6.8 million, falling short of the $14.83 million consensus estimate and slightly below last year's $7 million, indicating weakened market demand and increased sales pressure.
- Gross Margin Plunge: The gross margin dropped from 34% to 16%, primarily due to rising input costs and underutilized cheaper ore, resulting in a net loss ballooning to $11.3 million, reflecting a significant deterioration in profitability.
- Capital Inflows: Despite the quarterly loss, the company secured $12.8 million in government grants and raised $48.6 million through equity issuance after March 31, improving cash availability but increasing the share count.
- Market Sentiment Shift: Retail sentiment on Stocktwits shifted from 'bearish' to 'neutral' with a 320% surge in message volume, indicating cautious optimism among investors regarding potential future growth opportunities.
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- Disappointing Earnings: United States Antimony reported a Q1 GAAP EPS of -$0.08, missing expectations by $0.08, indicating challenges in profitability that may affect investor confidence.
- Revenue Decline: The company generated $6.78 million in revenue for Q1, a 3.1% year-over-year decrease, reflecting weak market demand that could pressure future financial performance.
- Revenue Guidance Reaffirmed: UAMY reiterated its full-year 2026 gross revenue guidance of approximately $125 million, suggesting that despite current underperformance, management remains optimistic about future growth through expanded contracts and mining projects.
- Management Change: The appointment of Shawn Winkler as interim CFO may impact the company's financial strategy and operational efficiency, prompting investors to monitor its effects on the company's future financial health.
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- Earnings Announcement: United States Antimony (UAMY) is set to announce its Q1 2023 earnings on May 14 after market close, with consensus EPS estimated at -$0.02 and revenue expected to reach $14.83 million, providing investors with an updated view of the company's financial health.
- Policy-Driven Demand: The company is experiencing a rise in antimony demand driven by policy changes, creating a unique opportunity for its mining operations that could reflect stronger performance in upcoming financial reports.
- National Security Support: UAMY benefits from supportive national security policies, which provide a strong market impetus, potentially enhancing its competitiveness and market share in the antimony sector.
- Executive Appointment: The appointment of Shawn Winkler as interim CFO may influence the company's financial strategy and operational efficiency, particularly as UAMY aims for $125 million in revenue by 2026.
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Interim CFO Appointment: United States Antimony Corporation has appointed Shawn Winkler as the interim Chief Financial Officer (CFO) effective May 4, 2026.
SEC Filing: The appointment and related details have been filed with the Securities and Exchange Commission (SEC).
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- Interim CFO Appointment: United States Antimony appointed Shawn Winkler as interim CFO effective May 4, 2026, to replace Richard Isaak, who is on a temporary personal leave, ensuring continuity in financial management as Isaak is expected to return in at least two months.
- Financial Reporting Preparedness: Winkler has closely collaborated with Isaak and the finance team, being fully prepared to lead the financial reporting and earnings call scheduled for May 14, maintaining the company's reporting timeline despite the leadership transition.
- Extensive Industry Experience: With 15 years of financial management experience, Winkler previously served as CFO of Burrow Global and has a strong background in investment banking, advising on over $10 billion in M&A transactions, showcasing his expertise in capital markets.
- Stock Price Reaction: Following the announcement of the management change, the company's shares fell by 5.11%, indicating market concerns regarding the interim leadership and potentially affecting investor confidence in the company's future financial performance.
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