04:32 PM EDT, 08/14/2025 (MT Newswires) -- TMC the metals ( TMC ) company (TMC) reported Q2 net loss late Thursday of $0.20 per diluted share, widening from a loss of $0.06 a year earlier.

Three analysts polled by FactSet expected $0.05 loss.

The company did not report any revenue for the quarter ended June 30.

As of June 30, the company said it had total cash of around $115.8 million, which is expected to be sufficient to run operations for the next 12 months.

Shares of the company fell 3.1% in recent after-hours activity.

Price: 5.24, Change: -0.17, Percent Change: -3.14