Research from Atrium Research, Atrium Research Corporation

Atrium Research

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis.

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Equity Bottom-Up

<ul>
<li>Sailfish reported Q2 revenue of $1.3M (+87% YoY) and adjusted EBITDA of $0.5M.</li>
<li>These were below our expectations due to Mako mining outside of the San Albino area and due to one-time bonus payments.</li>
<li>The $168M sale to OR Royalties closed in early April, driving a $134.1M gain and $136.6M of net income.</li>
</ul>


Sailfish reported Q2 revenue of $1.3M (+87% YoY) and adjusted EBITDA of $0.5M.
These were below our expectations due to Mako mining outside of the San Albino area and due to one-time bonus payments.
The $168M sale to OR Royalties closed in early April, driving a $134.1M gain and $136.6M of net income.


FISH: Soft Q2 Financials; $131M in Cash and Equivalents

Sailfish Royalty

FISH: Soft Q2 Financials; $131M in Cash and Equivalents