Shares of Sigma Lithium Corporation (NASDAQ: SGML) surged 7.58% in pre-market trading on Thursday, following the company's release of its first-quarter earnings report that significantly exceeded analyst expectations.

The lithium producer reported quarterly earnings of $0.04 per share, impressively beating the analyst consensus estimate of $0.01 by 300 percent. This performance marks a substantial turnaround from the same period last year when the company posted a loss of $0.06 per share, representing a 166.67 percent improvement year-over-year.

While Sigma Lithium's quarterly sales of $47.67 million missed the analyst consensus estimate of $50.75 million by 6.06 percent, it still represented a 27.47 percent increase compared to the $37.40 million reported in the same quarter last year. Despite the sales miss, investors appear to be focusing on the company's profitability and significant earnings beat, driving the stock's pre-market rally.