See more : Saraswati Commercial (India) Limited (ZSARACOM.BO) Income Statement Analysis – Financial Results
Complete financial analysis of Tower Resources Ltd. (TWRFF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Tower Resources Ltd., a leading company in the Industrial Materials industry within the Basic Materials sector.
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Tower Resources Ltd. (TWRFF)
About Tower Resources Ltd.
Tower Resources Ltd. engages in the acquisition, evaluation, and exploration of mineral properties in Canada. The company primarily explores for gold, silver, and copper deposits. Its properties include the Rabbit North project that comprises 34 mineral tenures covering an area of 16,400 hectares located in the Kamloops mining division of British Columbia; the Nechako gold project, which include 10 mineral tenures totaling 2,975 hectares in the Nechako Plateau Region of central British Columbia; the Belle copper-gold porphyry project consisting of seven claims totaling 1691 hectares located in the Toodoggone district; and the More Creek project comprising 5 mineral tenures totaling 6,430 hectares situated in the Golden Triangle District of northwest British Columbia. The company was formerly known as Tower Energy Ltd. and changed its name to Tower Resources Ltd. in September 2011. Tower Resources Ltd. was incorporated in 1988 and is headquartered in Squamish, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 241.00 | 302.00 | 378.00 | 472.00 | 17.64K | 21.92K | 6.13K | 4.05K | 8.51K | 0.00 | 19.37K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -241.00 | -302.00 | -378.00 | -472.00 | -17.64K | -21.92K | -6.13K | -4.05K | -8.51K | 0.00 | -19.37K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.89K | 6.98K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 397.92K | 746.72K | 372.57K | 444.07K | 419.37K | 969.77K | 758.89K | 346.34K | 315.22K | 427.55K | 627.97K | 889.38K | 425.62K | 178.33K | 0.00 | 148.23K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 58.92K | 24.76K | 5.25K | 3.13K | 5.74K | 12.86K | 34.13K | 23.06K | 2.86K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 397.92K | 746.72K | 372.57K | 444.07K | 419.37K | 969.77K | 758.89K | 346.34K | 318.35K | 433.29K | 640.83K | 923.51K | 448.68K | 181.19K | 152.36K | 148.23K | 217.91K | 483.47K | 384.70K | 247.46K | 121.49K | 268.02K | 92.30K |
| Other Expenses | 0.00 | 394.11K | 277.22K | 0.00 | 0.00 | 0.00 | 92.70K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.19K | 36.00 | 81.97K | -240.49K | 27.44K | 2.47K | 17.23K | 0.00 | -1.80K | 0.00 | 0.00 |
| Operating Expenses | 620.81K | 746.72K | 372.57K | 444.07K | 420.88K | 971.42K | 749.01K | 353.32K | 326.86K | 445.53K | 662.30K | 940.05K | 451.64K | 182.18K | 152.46K | 443.48K | 220.48K | 486.42K | 386.60K | 248.42K | 121.81K | 268.47K | 92.57K |
| Cost & Expenses | 620.81K | 747.03K | 372.95K | 444.54K | 438.52K | 993.34K | 755.14K | 357.37K | 326.86K | 445.53K | 662.30K | 940.05K | 451.64K | 182.18K | 152.46K | 443.48K | 220.48K | 486.42K | 386.60K | 248.42K | 121.81K | 268.47K | 92.57K |
| Interest Income | 3.48K | 749.00 | 1.71K | 2.10K | 17.97K | 6.05K | 0.00 | 0.00 | 1.81K | 6.55K | 27.51K | 25.10K | 22.89K | 2.67K | 206.00 | 67.15K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 160.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 241.00 | 302.00 | 378.00 | 472.00 | 19.15K | 23.57K | 6.13K | 4.05K | 8.51K | 12.24K | 21.47K | 16.54K | 2.96K | 988.00 | 102.00 | 146.00 | 2.58K | 2.95K | 1.90K | 958.00 | 320.00 | 457.00 | 269.00 |
| EBITDA | -623.25K | -686.88K | -388.38K | -446.05K | -155.43K | -907.67K | -674.55K | 2.19M | -310.03K | 239.08K | -645.93K | -1.05M | -448.68K | 716.17K | -142.36K | -443.33K | 106.70K | -426.69K | -200.50K | -245.35K | 876.68K | -210.44K | -92.30K |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | -620.81K | -746.46K | -388.75K | -446.53K | -173.07K | -1.01M | -755.14K | 2.19M | -326.86K | -445.53K | -662.30K | -941.13K | -451.64K | -1.08M | -142.47K | -443.48K | -545.09K | -543.19K | -570.80K | -250.54K | -1.12M | -326.05K | -92.57K |
| Operating Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 360.87K | 361.03K | 279.86K | -12.90K | -295.27K | -51.95K | 21.07K | -2.56M | -23.12K | -696.83K | 353.67K | 153.77K | 9.19K | -897.32K | 71.98K | -240.49K | 85.21K | 1.08M | -166.98K | -2.12K | -999.97K | -57.57K | 0.00 |
| Income Before Tax | -259.94K | -352.73K | -78.21K | -440.46K | -686.01K | -972.63K | -662.44K | -2.90M | -328.97K | -1.11M | -308.63K | -787.36K | -442.45K | -1.98M | -70.49K | -683.97K | -459.87K | 533.59K | -737.78K | -252.65K | -2.12M | -383.62K | 0.00 |
| Income Before Tax Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | -187.00 | -17.52K | -4.08K | 247.49K | -20.71K | 0.00 | 2.54M | 2.11K | 665.82K | -353.67K | -152.69K | -22.89K | 1.14M | 173.74K | -413.68K | 266.84K | -161.00K | 193.49K | 1.54K | 987.09K | 54.09K | -28.00 |
| Net Income | -259.94K | -352.73K | -78.21K | -440.46K | -686.01K | -972.63K | -662.44K | -2.90M | -328.97K | -1.11M | -308.63K | -787.36K | -419.56K | -1.32M | -244.23K | -270.30K | -459.87K | -372.60K | -562.87K | -249.97K | -1.11M | -322.56K | -92.54K |
| Net Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | -0.01 | -0.01 | -0.06 | -0.01 | -0.03 | -0.01 | -0.03 | -0.02 | -0.11 | -0.04 | -0.04 | -0.07 | -0.06 | -0.12 | -0.07 | -0.36 | -0.14 | -0.09 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | -0.01 | -0.01 | -0.06 | -0.01 | -0.03 | -0.01 | -0.03 | -0.02 | -0.11 | -0.04 | -0.04 | -0.07 | -0.06 | -0.12 | -0.07 | -0.36 | -0.14 | -0.09 |
| Weighted Avg Shares Out | 142.59M | 133.86M | 123.44M | 108.06M | 98.36M | 90.74M | 79.16M | 51.72M | 49.38M | 42.62M | 32.94M | 26.48M | 22.40M | 12.42M | 6.69M | 6.69M | 6.69M | 6.21M | 4.69M | 3.42M | 3.06M | 2.29M | 1.09M |
| Weighted Avg Shares Out (Dil) | 142.58M | 133.86M | 123.44M | 108.06M | 98.36M | 90.74M | 79.16M | 51.72M | 49.38M | 42.62M | 32.94M | 26.48M | 22.40M | 12.42M | 6.69M | 6.69M | 6.69M | 6.21M | 4.69M | 3.60M | 3.06M | 2.29M | 1.09M |
Tower Resources submits Cameroon farmout documentation for ministerial approval
Tower Resources PLC has finalised the documentation relating to its farm-out to Beluga Energy Limited of a 49% non-operating working interest in the Thali Production Sharing Contract. The package of documents is being submitted to the Minister of Mines, Industry and...
Tower Resources to raise £1.5mln in share placing
Tower Resources Plc has raised £1.5mln through a share placing with the proceeds earmarked to repay a loan and support working capital. It comes after Tower yesterday landed a key and long anticipated farm-out transaction which will enable the drilling...
Tower Resources agrees Cameroon farm-out
Tower Resources Plc has inked an agreement with Beluga Energy Limited which will farm-in to the Thali Production Sharing contract in Cameroon, as a non-operating partner. The deal delivers US$15mln towards the costs of the NJOM-3 well, which is presently estimated...
Tower Resources pushes ahead as resource potential grows
“The possible easing of pandemic restrictions globally...provides a more favourable market environment Jeremy Asher, chairman and chief executive What it does Tower Resources PLC (LON:TRP) is aiming to build an African-based exploration and production group.
Proactive Oil & Gas highlights: Orcadian Energy, TomCo, Mosman Oil and Gas, Zephyr, Tower Resources, 88 Energy
Orcadian Energy PLC is to float on London's AIM market with a £5mln raise which will support the planned development of the Pilot oil field in the North Sea. The company owns 100% of the Pilot field - host to 78.8mln...
Tower Resources sees renewed interest in assets with rising oil price
Tower Resources PLC (LON:TRP) said that its assets in Africa are seeing renewed interest with the price of Brent rising to more than US$70 per barrel again. A growing realisation that industry still needs short-cycle, low-cost projects to sustain oil...
Proactive Oil & Gas weekly highlights: Diversified Energy Company, Union Jack Oil, Tower Resources, ADM, Scirocco, Hurricane, Kistos, Challenger Energy
Diversified Energy Company PLC (LON:DEC) confirmed it has raised US$225mln in a placing and retail offer as it advances its latest acquisition. It will issue 141.5mln new shares at 112p per share.
Tower Resources receives favourable ruling in tax tribunal
Tower Resources Plc (LON:TRP) told investors it has received a favourable ruling from the Upper-Tier Tax Tribunal which upheld a prior decision, from July 2019, and has dismissed an appeal by HMRC. The prior decision allowed the company's appeal against...
Tower Resources looks forward to NJOM well as extension details are confirmed
Tower Resources Plc (LON:TRP) has received formal confirmation from the Cameroon authorities of the details for the extension to the Thali license out to May 2022. In a statement it said that the Minister of Mines, Industry and Technological Development...
Tower Resources Initiates Major Diamond Drilling Program at Nechako to Expand Recent Au-Ag Discoveries and Probe Prime New Targets
Vancouver, British Columbia--(Newsfile Corp. - April 7, 2021) - Tower Resources Ltd. (TSXV: TWR) (OTCQB: TWRFF) ("Tower" or the "Company") is pleased to report that a diamond drill has been mobilized to the Company's Nechako Gold property in south-central British...
Source: https://incomestatements.info
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