Key Highlights

  • On August 11, 2026, with second quarter results, the company lowered its full-year gross Revenue outlook to USD 60 million to USD 75 million, down from a prior USD 125 million.
  • Gross profit fell to USD 0.6 million, a 7% margin, against USD 2.8 million, or 27%, last year, after quarterly revenue dropped to USD 7.9 million from USD 10.5 million.
  • The average realized price per pound of antimony slid to USD 13.70 from USD 28.32, even though pounds sold climbed roughly 26% to 428,425, the company release shows.
  • An undated market quote showed the shares 2.08% higher near USD 2.94, while a screened one-year EPS change of 1526.96% has not been confirmed.

Reasons Behind the Lower Guidance

Second quarter results arrived August 11, 2026, and United States Antimony (NYSE:UAMY) cut full-year gross revenue guidance from USD 125 million to a range of USD 60 million to USD 75 million. Lower antimony prices, reshuffled Defense Logistics Agency delivery dates and a different second-half production plan were the reasons given. Revenue for the quarter was USD 7.9 million, against USD 10.5 million a year before, while operating losses reached USD 7.0 million. The Business mines and processes antimony and zeolite, and an update dated September 30, 2026 calls it the sole maker of military-specification antimony ingots in the Western Hemisphere.

Defense Orders and the Third-Quarter Checkpoint

Roughly 82,000 pounds of ingots, valued near USD 2.6 million, reached the Defense Logistics Agency in two initial shipments accepted in July, and the revenue will be recognized in the third quarter. Management noted USD 57.3 million of Backlog and projects government sales in the USD 9.0 million to USD 10.0 million band for the quarter. Antimony sales totaled USD 5.9 million even though the realized price more than halved, and zeolite revenue rose 110% to USD 1.9 million. As of November 4, 2026, third quarter numbers had not been located, leaving the guidance test ahead.

A 1526.96% EPS Screen Measured Against a Loss-Making Base

The shares trade as an aggressive small cap on the screen, but the 1526.96% one-year EPS change is unverified and at odds with filings. Second quarter EPS was nil in both periods, while six-month EPS moved from a USD 0.01 gain to a USD 0.08 loss. The quarter's USD 0.1 million of Net Income relied on a USD 6.8 million unrealized Investment gain, not on operations. Cash stood at USD 41.4 million on June 30, 2026, with USD 20.7 million in Treasury securities, following USD 49.1 million of net Equity proceeds. As a small cap, a few trades can shift the price, spreads may be wide and quoted moves can reverse. Market Capitalization was not verified. The cash and Treasury balances are the main Liquidity reference point in the filing, and they are the figures to track alongside the EPS question.

Where Things Stand

Guidance was reduced because antimony prices dropped sharply, Defense Logistics Agency timing slipped and the second-half production plan changed. Government orders worth USD 57.3 million and sole-source shipments are cited as support, though the second quarter also showed a 7% gross Margin and an operating loss. The 1526.96% screened EPS growth conflicts with filed results and should not be treated as a growth signal. The third-quarter report is the next test of whether government sales landed in the USD 9.0 million to USD 10.0 million band.