Overview

• Shares have slipped roughly 15% since peaking above $80 on Sept. 25 after a 309% year-to-date surge.
• Second-quarter revenue climbed 84% year over year but fell about 5.6% from the prior quarter.
• Operating expenses increased quarter to quarter and earnings per share declined by $0.05.
• Production hit a record 597 metric tons of NdPr, the company’s flagship rare earth output.
• Apple’s mid-July agreement and a Department of Defense investment boosted cash to about $263 million at June-end, up roughly 32% from the first quarter.