Comstock Inc. (LODE)

From the record

Comstock Inc.'s filings since 2017 show 8 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 5 times, the latest 2019-06-27); an auditor change (8-K item 4.01, 2 times, the latest 2026-06-09); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2019-05-15) (its current reports).

From the record

Comstock Inc.'s 10 filed years say what it did: revenue went from $5 million in fiscal 2012 to $2 million in fiscal 2025, down 8.8% a year; it rose in 5 of 9 years; the deepest fall was 100% from fiscal 2014 to fiscal 2017; net income was positive in 2 of 10 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Comstock Inc. lost about 40 cents for every dollar of shareholders' money, and gross profitability: its products earned less than nothing, about minus 1 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 37 cents per dollar of assets, and net share issuance: its share count grew 120.9% over the year (the filed statements).

From the record

Comstock Inc.'s standing among 20 graded names in its industry family: revenue of $2 million in fiscal 2025 ranks in the bottom 3% by size; a net margin of -2772.3% ranks in the bottom 3%; revenue growth of 39.6% a year over the last 3 filed years ranks in the top 8% (its annual reports).

From the record

Comstock Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Degasperis, Corrado F (CEO, as filed), filing under that title since 2010-04-27, 16.5 years (top 16% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 4.4 years (top 50%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (top 44%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Comstock Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $17 million against debt of $0 thousand leaves 10% of its assets as net cash, top 26% of its family; cash from operations less capital spending is -1569.5% of revenue (bottom 3%); a gross margin of -69.1% (bottom 3%); research spending of 792.9% of revenue (top 4%) (its annual report).

From the record

Comstock Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 39.6% a year over the last three filed years against -8.8% over all 10, speeding up (top 8% of its family); the newest year grew -48.5% (bottom 8%); research spending grew 20.6% a year (top 12%); capital spending grew 140.7% a year (top 3%) (its annual reports). Comstock Inc. reported 3 lines of business in fiscal 2025: Metals at $1 million (90%), Mining at $136 thousand (9%), Corporate and Other at $17 thousand (1%); 1 of 3 grew against the year before (its annual report).

From the record

Comstock Inc.'s newest year against its own record: revenue of $2 million in fiscal 2025 came in 68.7% below the $5 million its prior three years' pace pointed to (bottom 3% of its family); net income of $43 million against a prior three-year average of $18 million (bottom 18%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 3%) (its annual reports).