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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>2Q24 costs increased Y/Y but declined Q/Q.</li><li>TMC reported 2Q24 operating results that included higher exportation and evaluation expense of $12.4 million versus $8.1 million in 2Q23 due to increased spending on mining, technological and process development costs associated with increased engineering work with its offshore partner Allseas, and a modest increase in G&amp;A expenses ($7.9 million versus $5.1 million in the year-ago period) due to higher share-based compensation and personnel costs.</li><li>As a result, quarterly loss increased to $20.2 million from $14.1 million in 2Q23, with EPS of ($0.06) versus ($0.05) in 2Q23.</li></ul>

2Q24 costs increased Y/Y but declined Q/Q.TMC reported 2Q24 operating results that included higher exportation and evaluation expense of $12.4 million versus $8.1 million in 2Q23 due to increased spending on mining, technological and process development costs associated with increased engineering work with its offshore partner Allseas, and a modest increase in G&amp;A expenses ($7.9 million versus $5.1 million in the year-ago period) due to higher share-based compensation and personnel costs.As a result, quarterly loss increased to $20.2 million from $14.1 million in 2Q23, with EPS of ($0.06) versus ($0.05) in 2Q23.

TMC: 2Q24 Highlights and Continuing Progress Toward Commercialization

TMC the metals co

TMC: 2Q24 Highlights and Continuing Progress Toward Commercialization