INR Q3 2023 Earnings Report — Infinity Natural Resources, Inc. Revenue & Financial Results | Market Cap Arena

Infinity Natural Resources, Inc.INR

Q3 2023 Earnings

Reported September 30, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2023	Q2 2023	Q3 2022	QoQ Change	YoY Change
Revenue	$29M	$31M	—	-6.9%	—
Op. Income	$5M	$11M	—	-56.2%	—
Gross Margin	35.3%	69.9%	—	-34.6pp	—
Net Margin	-55.1%	68.7%	—	-123.8pp	—
EPS (Diluted)	$-0.27	$0.00	—	-Infinity%	—
Free Cash Flow	-$31M	-$19M	—	-60.9%	—

Income Statement

Item	Amount
REVENUE	$29M
Cost of Revenue	$18M
GROSS PROFIT	$10M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$5M
SG&A Expenses	$5M
Other Expenses	$0
Operating Expenses	$5M
Cost & Expenses	$24M
OPERATING INCOME	$5M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	-$16M
Income Tax Expense	$0
Net Income from Continuing Ops	-$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$16M
D&A	$12M
EBIT	-$12M
EBITDA	$140.0K
EPS	-$1
EPS Diluted	-$0

Cash Flow Statement

Item	Amount
Net Income	-$16M
Depreciation & Amortization	$12M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$23M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$16M
Capital Expenditure	-$47M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$47M
Net Debt Issuance	$30M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$1.0K
NET CASH FROM FINANCING	$53M
FREE CASH FLOW	-$31M
Net Change in Cash	$22M