United States Antimony Corporation reported its financial and operational results for the third quarter and nine months ended September 30, 2024, on November 12, 2024. Revenues for the first nine months of 2024 increased by 23%, or $1.527 million, reaching a total of $8.066 million compared to the same period in 2023.
The company also noted a controlled increase in its cost of sales, which rose by only 7%, or $409,000, during the same nine-month period. This managed cost increase contributed to a significant improvement in profitability.
As a result of these factors, UAMY's gross profit for the first nine months of 2024 increased by 107% year-over-year. This substantial growth in gross profit highlights the company's improved operational efficiency and its ability to capitalize on market demand.
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