Energy Fuels Inc. (UUUU) shares fell sharply by 5.07% in intraday trading on Thursday, following the company's release of its fiscal year 2024 financial results. While the company reported a significant increase in revenue to $78.1 million from $37.9 million in the prior year, its earnings per share (EPS) declined to a loss of 28 cents, compared to a profit of 62 cents in the previous fiscal year.

The drop in earnings, despite higher revenue, suggests that Energy Fuels faced higher costs or reduced profitability during the fiscal year. In its earnings release, the company highlighted that 2024 was a "fundamental building year" and that it had resumed U.S. uranium mining operations, which could have contributed to the increased costs.

Investors appeared to be concerned about the weaker earnings performance, as the stock reacted negatively to the news. The company's outlook and guidance for the upcoming fiscal year may also have played a role in the selloff, though specific details were not provided in the available news.