Atlas Lithium (Atlas Lithium) Gross Profit : $0.09 Mil (TTM As of Mar. 2024)

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What is Atlas Lithium Gross Profit?

Atlas Lithium's gross profit for the three months ended in Mar. 2024 was $0.09 Mil. Atlas Lithium's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $0.09 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Atlas Lithium's gross profit for the three months ended in Mar. 2024 was $0.09 Mil. Atlas Lithium's Revenue for the three months ended in Mar. 2024 was $0.19 Mil. Therefore, Atlas Lithium's Gross Margin % for the quarter that ended in Mar. 2024 was 45.45%.

Atlas Lithium had a gross margin of 45.45% for the quarter that ended in Mar. 2024 => Durable competitive advantage

During the past 12 years, the highest Gross Margin % of Atlas Lithium was 45.46%. The lowest was -2360.00%. And the median was -535.00%.

Atlas Lithium Gross Profit Historical Data

The historical data trend for Atlas Lithium's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Atlas Lithium Gross Profit Chart

Atlas Lithium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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-0.17

-0.11

-0.24

-0.06

Atlas Lithium Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Profit	Get a 7-Day Free Trial															-	-	-	-	0.09

Competitive Comparison of Atlas Lithium's Gross Profit

For the Other Precious Metals & Mining subindustry, Atlas Lithium's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Atlas Lithium's Gross Profit Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Atlas Lithium's Gross Profit distribution charts can be found below:

* The bar in red indicates where Atlas Lithium's Gross Profit falls into.

Atlas Lithium Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Atlas Lithium's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	0	-	0
	=	0.00

Atlas Lithium's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	0.187	-	0.102
	=	0.09

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.09 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Atlas Lithium's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	0.09	/	0.187
	=	45.45 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Atlas Lithium (NAS:ATLX) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Atlas Lithium had a gross margin of 45.45% for the quarter that ended in Mar. 2024 => Durable competitive advantage

Atlas Lithium Gross Profit Related Terms

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Atlas Lithium (Atlas Lithium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlas Lithium Corp (NAS:ATLX) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

C480:Germany

Address

Rua Bahia 2463, Suite 205, Belo Horizonte, MG, BRA, 30.160-012

Website

https://www.atlas-lithium.com

Atlas Lithium Corp is a mineral exploration and development company with lithium projects and exploration properties in other critical and battery minerals, including nickel, rare earth, graphite, and titanium, to power the increased demand for electrification. Its current focus is on developing its hard-rock lithium project Minas Gerais Lithium Project located in Minas Gerais State in Brazil. The company intends to produce and sell lithium concentrate, a key ingredient for the battery supply chain.

Executives

Igor Tkachenko	officer: VP, Corporate Strategy	1200 N. FEDERAL HWY, SUITE 200, BOCA RATON FL 33432
Marc Fogassa	director, 10 percent owner, officer: Chief Executive Officer	324 SOUTH BEVERLY DRIVE, SUITE 118, BEVERLY HILLS CA 90212
Pereira De Aguiar Gustavo	officer: CFO/PAO	433 NORTH CAMDEN DRIVE, SUITE 810, BEVERLY HILLS CA 90210
Volodymyr Myadzel	officer: Senior VP, Geology	433 NORTH CAMDEN DRIVE, SUITE 810, BEVERLY HILLS CA 90210
Cassiopeia Olson	director	2015 S BEVERLY GLEN BLVD., 101, 101, LOS ANGELES CA 90025
Brian W. Bernier	officer: Vice President	605 BELMONT PLACE, BOYNTON BEACH FL 33436
Stephen R. Petersen	director	C/O FOUR SPRINGS CAPITAL TRUST, 1901 MAIN STREET, LAKE COMO NJ 07719
De Paiva Monteiro Joel	officer: VP, Admin & Ops, ESG Chief	433 NORTH CAMDEN DRIVE, SUITE 810, BEVERLY HILLS CA 90210
Nogueira Da Silva Junior Areli	officer: VP, Mineral Exploration	433 NORTH CAMDEN DRIVE, SUITE 810, BEVERLY HILLS CA 90210
Roger Noriega	director	1150 K STREET, N.W., WASHINGTON DC 20005
Peter Kristofer Goldy	10 percent owner	9903 SANTA MONICA BLVD, SUITE 187, BEVERLY HILLS CA 90212
Sainte Valiere, Llc	10 percent owner	SOUTHPAC TRUST NEVIS LIMITED, HUNKINS PLAZA, CHARLESTOWN U7 NONE
Brazil Mining, Inc.	10 percent owner	324 SOUTH BEVERLY DRIVE, STE. 118, BEVERLY HILLS CA 90212
Luis Azevedo	director	AV. JOURNALISTA RICARDO MARINHO 360, SALA 113 ED.COSMOPOLITAN,BARRA DA TIJUCA, RIO DE JANEIRO, CEP 22631-350 D5 22631-350
Paul Durand	director	99 LYTTLETON GARDENS, OTTAWA A6 K1L5A4