Metalla Royalty & Streaming Ltd.
MTA · Gold and Silver Ores · EDGAR filings ↗
Grade
D50Small gold/silver royalty-streaming company with high gross margin but persistent net losses, negative ROIC and a thin cash balance.
Strengths
- Royalty model gross margin 80.9% (94th pct) and revenue up ~100% (84th pct)
- Positive operating cash flow margin (37.6%) and low debt (debt/equity 0.05)
Risks
- Net margin -36% (18th pct), ROIC ~0% and negative interest coverage; net loss persists
- Low cash of ~$10M (30th pct) for a capital-intensive royalty acquirer dependent on third-party mine performance
Notable findings
- No interest coverageInterest coverage -0.04 (cannot cover interest)
- RestatementRECOVERY OF ERRONEOUSLY AWARDED COMPENSATION Since the beginning of the last fiscal year, we have not been required to prepare an accounting restatement that required recovery of erroneously awarde 8-K ↗
- Net lossNet loss (net margin -36.1%)
Key metrics
Gross margin
80.9%
Operating margin
-0.5%
Net margin
-36.1%
Return on equity
-1.7%
Return on assets
-1.6%
ROIC
-0.0%
Revenue growth (QoQ)
99.6%
Debt / equity
0.0×
Interest coverage
-0.0×
Current ratio
2.4×
Tangible book value
$252M
Cash & investments
$10M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-26 | 2025-12-31 | 0001062993-26-001632 ↗ |
| 40-F | 2025-03-27 | 2024-12-31 | 0001062993-25-006404 ↗ |
| 40-F | 2024-03-28 | 2023-12-31 | 0001062993-24-007364 ↗ |
| 40-F | 2023-03-31 | 2022-12-31 | 0001062993-23-008193 ↗ |
| 40-F | 2022-03-25 | 2021-12-31 | 0001062993-22-008627 ↗ |
| 40-F | 2021-03-26 | 2020-12-31 | 0001062993-21-003057 ↗ |
| 40-F | 2020-08-21 | 2020-05-31 | 0001062993-20-004133 ↗ |
| 40-F | 2019-09-27 | 2019-05-31 | 0001062993-19-003758 ↗ |