04:22 PM EDT, 05/14/2025 (MT Newswires) -- TMC the metals ( TMC ) company (TMC) reported Q1 net loss late Wednesday of $0.06 per diluted share, narrowing from a loss of $0.08 a year earlier.

Two analysts polled by FactSet expected a loss of $0.04.

The company did not report any revenue for the quarter ended March 31. It had a total liquidity of about $43.8 million as of March 31, including $2.3 million cash.

Shares of the company were down more than 3% in recent after-hours activity.