First Helium Inc. (FHELF) Income Statement Analysis

See more : Irisity AB (publ) (IRIS.ST) Income Statement Analysis – Financial Results

Complete financial analysis of First Helium Inc. (FHELF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of First Helium Inc., a leading company in the Chemicals industry within the Basic Materials sector.

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First Helium Inc. (FHELF)

Industry: Chemicals

Sector: Basic Materials

Website: https://www.firsthelium.com

About First Helium Inc.

First Helium Inc. engages in the acquisition, exploration, and evaluation of helium property interests in Alberta, Canada. It holds 100% interest in the Worsley Trend and Worsley Property located in the Worsley Trend, Northern Alberta. First Helium Inc. was incorporated in 2016 and is headquartered in Vancouver, Canada.

Metric	2024	2023	2022	2021	2020	2019
Revenue	1.13M	8.22M	3.57M	0.00	0.00	0.00
Cost of Revenue	1.31M	2.47M	1.01M	1.43K	2.17K	1.52K
Gross Profit	-181.10K	5.75M	2.55M	-1.43K	-2.17K	-1.52K
Gross Profit Ratio	-16.01%	69.98%	71.56%	0.00%	0.00%	0.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	1.41M	1.88M	2.95M	363.37K	488.10K	0.00
Selling & Marketing	504.09K	787.21K	0.00	0.00	0.00	0.00
SG&A	1.91M	1.88M	2.95M	363.37K	488.10K	266.13K
Other Expenses	905.21K	0.00	0.00	3.00K	0.00	0.00
Operating Expenses	2.78M	8.53M	3.00M	383.09K	499.29K	266.13K
Cost & Expenses	4.13M	11.00M	4.02M	383.09K	499.29K	267.65K
Interest Income	294.00	80.09K	41.00K	4.07K	530.00	646.00
Interest Expense	0.00	0.00	59.88K	147.66K	61.54K	4.81K
Depreciation & Amortization	1.12M	4.06M	9.77K	1.43K	2.17K	1.52K
EBITDA	-1.87M	1.25M	-8.43K	-376.02K	-498.00K	-266.13K
EBITDA Ratio	-165.49%	66.56%	0.91%	0.00%	0.00%	0.00%
Operating Income	-3.00M	1.45M	-405.96K	-376.02K	-498.76K	-267.65K
Operating Income Ratio	-264.97%	17.61%	-11.38%	0.00%	0.00%	0.00%
Total Other Income/Expenses	-199.23K	-8.38M	-59.88K	-139.16K	-58.84K	-4.16K
Income Before Tax	-3.20M	-6.93M	-465.84K	-523.68K	-560.30K	-271.81K
Income Before Tax Ratio	-282.59%	-84.37%	-13.05%	0.00%	0.00%	0.00%
Income Tax Expense	0.00	4.15M	210.04K	149.23K	51.11K	2.00
Net Income	-3.20M	-6.93M	-465.84K	-523.68K	-560.30K	-271.81K
Net Income Ratio	-282.59%	-84.37%	-13.05%	0.00%	0.00%	0.00%
EPS	-0.04	-0.09	-0.01	-0.01	-0.01	0.00
EPS Diluted	-0.04	-0.09	-0.01	-0.01	-0.01	0.00
Weighted Avg Shares Out	87.06M	78.05M	71.52M	65.63M	65.63M	65.63M
Weighted Avg Shares Out (Dil)	87.06M	78.05M	71.52M	65.63M	65.63M	65.63M

First Helium Confirms Plans for Sequential Drilling of Two Oil Targets - Proven Undeveloped (“PUD”) Oil Location and Large Leduc Anomaly

November 27, 2024globenewswire.com

Company Accelerates Near-term Oil Production Potential Through Strategic Two-Well Program Company Accelerates Near-term Oil Production Potential Through Strategic Two-Well Program

First Helium Initiates Process to License & Drill the Leduc Anomaly

November 13, 2024globenewswire.com

CALGARY, Alberta, Nov. 13, 2024 (GLOBE NEWSWIRE) -- First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) today announced that it has completed its field survey activities and selected the surface location for its Leduc...

First Helium Closes Upsized $3.64 Million Placement

October 30, 2024globenewswire.com

Not for distribution to United States newswire services or for dissemination in the United States. CALGARY, Alberta, Oct. 30, 2024 (GLOBE NEWSWIRE) -- First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC), today announced the...

First Helium Announces Upsize of Private Placement

October 21, 2024globenewswire.com

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Oct. 21, 2024 (GLOBE NEWSWIRE) -- First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) is pleased to announce...

First Helium Announces Private Placement

October 16, 2024globenewswire.com

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Oct. 16, 2024 (GLOBE NEWSWIRE) -- First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) today announced a non-brokered...

First Helium to Present Webinar on High Impact Exploration Targets for Fall of 2024

August 22, 2024globenewswire.com

Webinar to Highlight Significant Leduc Oil Target and Regional Blue Ridge Natural Gas Play Webinar to Highlight Significant Leduc Oil Target and Regional Blue Ridge Natural Gas Play

First Helium Summarizes High Impact Exploration Targets and Corporate Actions for H2 2024

July 10, 2024globenewswire.com

CALGARY, Alberta, July 10, 2024 (GLOBE NEWSWIRE) -- First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) today announced plans to test key exploration targets at the Company's 100% owned Worsley property in Northern Alberta,...

First Helium Identifies Significant New 3D Seismic Structure at Worsley

July 3, 2024globenewswire.com

CALGARY, Alberta, July 03, 2024 (GLOBE NEWSWIRE) -- First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) is pleased to announce a meaningful development at its Worsley property.

First Helium Engages ICP Securities for Automated Market Making Services

June 19, 2024globenewswire.com

CALGARY, Alberta, June 19, 2024 (GLOBE NEWSWIRE) -- First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQX: FHELF) (FRA: 2MC), today announced it has engaged the services of ICP Securities Inc. (“ICP”) to provide automated market making services,...