XVARY Composite Score
41
/ 100
Below Average
Combines growth, value, risk, and momentum factors into a single institutional-grade score.
Start here if you're new
What it is
Atlas Lithium hunts for lithium and other battery minerals in Brazil, and owns 35% of Jupiter Gold.
How it gets paid
Last year Atlas Lithium made $121K in revenue.
Why growth slowed
Revenue fell 83.8% last year. FY revenue fell 83.8% to $121K on the annual line above.
What just happened
Atlas Lithium posted $79K of quarterly revenue; gross margin is n/m at this scale.
At a Glance
C++ balance sheet — some cracks in the foundation
-$2.91 fy2024 eps est
~$121K reported FY revenue
N/m operating margin — revenue too small for a clean %
1.55 beta
XVARY composite: 41/100 — below average
What They Do
Atlas Lithium hunts for lithium and other battery minerals in Brazil, and owns 35% of Jupiter Gold.
You are buying 539 km² of lithium land and 85 mineral rights, meaning legal claims to dig, in Brazil. That is 539 km² against $121K of annual sales. It also owns 35% of Jupiter Gold, but the real story is still the dirt.
How They Make Money
$121K
annual revenue · revenue declined -83.8% last year
total revenue
$121K
83.8%
The Products That Matter
Lithium exploration and development
neves project
$92K tied to mineral property revenue
this is the asset carrying the $132M equity story. if neves reaches commercial production in 2026, the thesis survives. if it slips, the story gets repriced fast.
core asset
Brazil mineral rights portfolio
mineral exploration rights
$29K other revenue
these rights are the option value. for now, they support a business that produced only $121K of total revenue, which tells you how early this still is.
option value
Key Numbers
$121K
annual sales
That is 1,091x smaller than the $132M market cap.
$132M
market cap
You are paying $132M for $121K of annual sales.
$10M
debt
Debt equals 7% of capital, which matters when sales are only $121K.
n/m
operating margin
With ~$121K FY sales, feed-style margin percentages are meaningless. Focus on cash burn and project timeline, not a giant bogus %.
Financial Health
C++
Strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 5 / 100
- long-term debt $10M (7% of capital)
C++ — below average. watch for debt servicing and cash burn.
Total Return vs. Market
source: institutional data · return history unavailable
What Just Happened
missed estimates
Atlas Lithium posted $79K of quarterly revenue; gross margin is n/m at this scale.
FY revenue fell 83.8% to $121K on the annual line above. The ~$79K figure here is the latest quarter (compare vs. prior year in filings — do not read “flat” as contradicting the full-year decline). EPS was -$1.18.
$79K
revenue (Q)
-$1.18
eps (Q)
n/m
gross margin
the number that mattered
The $79K quarterly revenue number mattered most because it shows how little cash the business is actually pulling in.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. Plain English, no spam.
Weekly updates
Earnings alerts
Plain English
No spam
What Could Go Wrong
The #1 risk is missing the 2026 neves project production target.
Med
The mine arrives late or not at all
the current equity story assumes neves becomes a commercial lithium operation by 2026. pre-production miners do not get many timeline misses before the market starts pricing the asset as a concept instead of a business.
impact: the gap between a $132M market cap and $121K of revenue stops looking like ambition and starts looking like overpayment.
Med
Valuation compression
ATLX trades at 167x sales versus a 4.3x sector average. that premium survives only while investors believe the future revenue jump is plausible and near enough to matter.
impact: even decent project progress can fail to save the stock if the market decides to pay a normal multiple instead of a dream multiple.
Med
Financing pressure
C++ balance sheet grade, a -$2.91 eps estimate, and $10M of long-term debt tell you this business is still in cash-out mode. delays increase the odds that outside capital arrives on worse terms.
impact: shareholders can end up funding the wait while the project remains pre-production.
Med
Disclosure and control scrutiny
a 2024 SEC document referenced the risk of not detecting a material misstatement from fraud. that does not prove wrongdoing. it does raise the standard of proof the company needs to meet with investors.
impact: credibility discounts can stick around longer than operational ones, especially in small-cap resource stories.
this is a $132M equity story resting on $121K of trailing revenue, a 2026 production target, and a valuation that already assumes the hard part works.
Source: institutional data · regulatory filings · risk analysis
Pay Attention To
Catalyst
2026 first-production target
this is the main date in the entire story. if the timeline slips, the stock needs a new valuation logic.
Metric
Revenue leaving the five-figure zone
$121K of trailing revenue cannot justify a $132M story by itself. you want evidence of commercial sales, not just project language.
Risk
Balance sheet pressure
C++ balance sheet grade and $10M of long-term debt mean every quarter without production makes financing more important.
Trend
Multiple compression vs. the sector
167x sales against a 4.3x sector average leaves very little room for patience. if sentiment cools, the multiple can fall faster than the project advances.
Analyst Rankings
risk profile
average
risk rank 3 — typical risk profile — neither especially safe nor risky.
chart momentum
below average
momentum rank 4 — analysts see underperformance risk in the near term.
Source: institutional data
Institutional Activity
institutional ownership data for ATLX is being compiled.
Source: institutional data
Price Targets
3-5 year target range
$5
Current price
Target midpoint · from current
Want the deeper analysis?
The full deep dive: DCF model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
See plans from $5/moThe Deep Dive