Previously an institutional equity investor. Now a family office investor in different asset classes. This is not investment advice. Booyakasha!
West Staines
Joined January 2021
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Nice to see this move in $ELMT but unfortunately too much too fast. At ~22x EV/EBITDA without new announcements, the stock is starting to price more reasonable risk/reward unless comp'ed to other more strategic companies like $MP which trades around 30x. What may happen is they could announce a new offtake for Tungsten supply (Roth points this out) as well as growing defense backlog over the coming quarters. Would be best to see the stock consolidate for a while.
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1/ Elmet Group $ELMT released its first post-IPO earnings report for Q1 2026. The company exceeded adjusted EPS expectations and increased its backlog, though the stock declined approximately 8% following the release. Here is an objective breakdown of the quarter. Q1 2026 Headline Metrics: Revenue: $56.0M (+20.7% Y/Y), missing the $56.6M, narrowly missing estimates. Adjusted EPS: $0.23, exceeding the ($0.01) estimate by $0.24. GAAP EPS: ($0.02). Open Order Backlog: $113.3M, an increase of 17.7% sequentially.
4/ Management Commentary: CEO Peter Anania noted a favorable operating environment, citing support from increasing defense spending, supply chain realignment, and demand for critical materials. Management stated the company is positioned to meet this demand following its April listing.
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DJAliMan retweeted
$ELMT releases first quarter results. Record backlogs, margin expansion, increasing demand.
On why the stock isn't already higher: IMO, there's no sell-side coverage yet. The float is small. Microcap industrial IPOs without research support typically drift in the first 30-60 days regardless of fundamentals.
Coverage initiation, the first earnings print, and lockup are the events that test the thesis. None have happened yet. (5/n)
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Things to watch from here:
First public earnings print
Initial sell-side coverage
DPA Title III award announcements (Q4 2026)
Lockup expiration (~Oct 2026)
DFARS effective date (Jan 1, 2027)
Tungsten APT spot prices
Not investment advice. Do your own work. Position disclosed: long $ELMT.
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There are a lot of people on here that have no idea how credit cards work, nor do they understand how fees are split. Here is a helpful guide for how to sound a little less stupid $V $MA quora.com/How-is-the-credit-…
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$CRCL this video will forever live rent free in my mind. More true today with Circle than ever. nitter.gq/liron/status/153321464…
Yesterday @packyM was asked to explain a Web3 use case.
I clipped this gem from 8:40 of @loganbartlett's latest @cartoonavatars podcast episode with co-host @zachweinberg.
Highly recommended...
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