Aankondiging • 14h
Archer Limited Approves Cash Distribution for the Second Quarter of 2026, Payable on May 27, 2026 Archer Limited announced that the Board of Directors has approved a cash distribution of NOK 0.62 per share or $6.6 million distribution to shareholders in the second quarter of 2026. The distribution will be in the form of return of capital and will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Payment date is May 27, 2026. Record date is May 21, 2026. Ex-date is May 20, 2026. Last day including right is May 19, 2026. Reported Earnings • 16h
First quarter 2026 earnings released: EPS: US$0.04 (vs US$0.33 loss in 1Q 2025) First quarter 2026 results: EPS: US$0.04 (up from US$0.33 loss in 1Q 2025). Revenue: US$278.4m (down 5.4% from 1Q 2025). Net income: US$4.00m (up US$33.6m from 1Q 2025). Profit margin: 1.4% (up from net loss in 1Q 2025). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Board Change • 16h
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Peter Sharpe was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • May 14
Archer Limited Elects Adrian Geelmuyden as A Director Archer Limited at its Annual General Meeting of Shareholders held on May 12, 2026 elected Adrian Geelmuyden as a Director of the Company. Aankondiging • Feb 04
Archer Limited Approves Cash Distribution, Payable on February 12, 2026 Archer Limited announced that the Board of Directors approved a cash distribution of NOK 0.62 per share, payable on February 12, 2026 with ex-date of February 4, 2026 and record date of February 5, 2026. Aankondiging • Jan 08
Archer Limited Appoints Derek Mathieson as Member of the Board of Directors, Effective January 7, 2026 Archer Limited announce the appointment of Mr. Derek Mathieson as a new member of the Company's Board of Directors, effective January 7, 2026. Mr. Mathieson brings more than 25 years of international experience from the energy industry, covering senior leadership positions in technology, operations, and strategy. He held several senior executive positions at Baker Hughes, including Chief Technology and Marketing Officer, Chief Strategy Officer, and President of Western Hemisphere Operations, and played a key role in the integration between Baker Hughes and GE Oil & Gas. Since retiring from full-time executive roles, Mr. Mathieson has served as chair and non-executive director of several UK-based technology and energy companies. He holds a Ph.D. in Microelectromechanical Systems, an honorary Doctorate in Engineering and a Bachelor of Engineering degree from Heriot-Watt University in Edinburgh. Aankondiging • Nov 05
Archer Limited Approves Quarterly Cash Dividend for Fourth Quarter of 2025, Payable on November 14, 2025 Archer Limited approved distribution of NOK 0.62 per share to shareholders for the fourth quarter of 2025. Ex-date: November 6, 2025. Record date: November 7, 2025. Payment date: November 14, 2025. Date of approval: November 3, 2025. Aankondiging • Oct 03
Archer Limited to Report Q3, 2025 Results on Nov 28, 2025 Archer Limited announced that they will report Q3, 2025 results on Nov 28, 2025 Aankondiging • Aug 16
Archer Limited Approves Distribution, Payable on August 26, 2025 Archer Limited announced that the Board of Directors has approved a cash distribution of NOK 0.62 per share. Ex-date: August 18, 2025. Record date: August 19, 2025. Payment date: August 26, 2025. Date of approval: August 13, 2025. Aankondiging • Jan 30
Archer Limited Provides Earnings Guidance for the Year 2025 Archer Limited provided earnings guidance for the year 2025. For the year, the company expects revenue growth between 8-12%. Aankondiging • Jan 01
Archer Limited, Annual General Meeting, May 09, 2025 Archer Limited, Annual General Meeting, May 09, 2025. Aankondiging • Nov 18
Archer Limited (OB:ARCH) completed the acquisition of Wellbore Fishing & Rental Tools, LLC. Archer Limited (OB:ARCH) entered into an agreement to acquire Wellbore Fishing & Rental Tools, LLC for $51 million on October 30, 2024. Total consideration for the acquisition is $51.5 million, which will be financed through an equity capital raise of $40 million (the “Equity Raise”), $10 million worth of shares issued to the existing owners of WFR based on 60-day volume-weighted average price at closing of the acquisition, and cash at hand. The acquisition of WFR is expected to be closed shortly after the Special General Meeting expected to be summoned shortly after the Equity Raise.
Archer Limited (OB:ARCH) completed the acquisition of Wellbore Fishing & Rental Tools, LLC on November 18, 2024. New Risk • Nov 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 39% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Shareholders have been diluted in the past year (39% increase in shares outstanding). Reported Earnings • Nov 03
Third quarter 2024 earnings released: EPS: US$0.038 (vs US$0.038 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.038 (up from US$0.038 loss in 3Q 2023). Revenue: US$335.1m (up 35% from 3Q 2023). Net income: US$2.50m (up US$5.00m from 3Q 2023). Profit margin: 0.7% (up from net loss in 3Q 2023). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Aankondiging • Oct 31
Archer Limited (OB:ARCH) entered into an agreement to acquire Wellbore Fishing & Rental Tools, LLC for $51 million. Archer Limited (OB:ARCH) entered into an agreement to acquire Wellbore Fishing & Rental Tools, LLC for $51 million on October 30, 2024. Total consideration for the acquisition is $51.5 million, which will be financed through an equity capital raise of $40 million (the “Equity Raise”), $10 million worth of shares issued to the existing owners of WFR based on 60-day volume-weighted average price at closing of the acquisition, and cash at hand. The acquisition of WFR is expected to be closed shortly after the Special General Meeting expected to be summoned shortly after the Equity Raise. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: US$0.015 (vs US$0.27 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.015 (up from US$0.27 loss in 2Q 2023). Revenue: US$309.1m (up 24% from 2Q 2023). Net income: US$1.00m (up US$17.2m from 2Q 2023). Profit margin: 0.3% (up from net loss in 2Q 2023). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Aankondiging • Aug 16
Archer Limited (OB:ARCH) agreed to acquire an additional 10% stake in Iceland Drilling Company Ltd from Kaldbakur ehf. for $2.5 million. Archer Limited (OB:ARCH) agreed to acquire an additional 10% stake in Iceland Drilling Company Ltd from Kaldbakur ehf. for $2.5 million on August 16, 2024. The transaction is expected to close within the next two months. Recent Insider Transactions • Jul 09
Chief Executive Officer recently bought €24k worth of stock On the 2nd of July, Dag Skindlo bought around 10k shares on-market at roughly €2.45 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Dag has been a buyer over the last 12 months, purchasing a net total of €61k worth in shares. Aankondiging • Jul 02
Archer Limited (OB:ARCH) entered into an agreement to acquire Moreld Ocean Wind from Remold Invest AS. Archer Limited (OB:ARCH) entered into an agreement to acquire Moreld Ocean Wind from Remold Invest AS on July 1, 2024. In similar transaction they also acquire minority stake in US/French technology company Ocergy Inc (OCY). Reported Earnings • May 08
First quarter 2024 earnings released: US$0.007 loss per share (vs US$1.41 loss in 1Q 2023) First quarter 2024 results: US$0.007 loss per share (improved from US$1.41 loss in 1Q 2023). Revenue: US$308.3m (up 36% from 1Q 2023). Net loss: US$10.8m (loss narrowed 40% from 1Q 2023). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 43% per year and the company’s share price has also fallen by 43% per year. Aankondiging • Mar 16
Archer Limited (OB:ARCH) agreed to acquire 65% stake in Vertikal Service As for NOK 25 million. Archer Limited (OB:ARCH) agreed to acquire 65% stake in Vertikal Service As on March 15, 2024. The consideration consists of NOK 25 million in cash and contribution of Archer’s offshore drilling facilities construction business in Norway. As part of the consideration, NOK 25 million was paid towards common equity. The completion of the transaction is subject to customary closing conditions and Norwegian Competition Authority approval. Reported Earnings • Mar 03
Full year 2023 earnings released: US$0.022 loss per share (vs US$0.066 profit in FY 2022) Full year 2023 results: US$0.022 loss per share (down from US$0.066 profit in FY 2022). Revenue: US$1.17b (up 42% from FY 2022). Net loss: US$28.1m (down 387% from profit in FY 2022). Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings. New Risk • Nov 06
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$19m Forecast net loss in 1 year: US$11m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable next year (US$11m net loss next year). Aankondiging • Aug 17
Archer Limited Provides Earnings Guidance for 2023 Archer Limited provided earnings guidance for 2023 . For the year, company expected Revenues to increase by 10% to 20% compared to 2022. Reported Earnings • Aug 17
Second quarter 2023 earnings released: US$0.011 loss per share (vs US$0.13 loss in 2Q 2022) Second quarter 2023 results: US$0.011 loss per share (improved from US$0.13 loss in 2Q 2022). Revenue: US$294.9m (up 48% from 2Q 2022). Net loss: US$16.2m (loss narrowed 17% from 2Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Reported Earnings • May 10
First quarter 2023 earnings released: US$0.056 loss per share (vs US$0.093 profit in 1Q 2022) First quarter 2023 results: US$0.056 loss per share (down from US$0.093 profit in 1Q 2022). Revenue: US$266.6m (up 36% from 1Q 2022). Net loss: US$17.9m (down 229% from profit in 1Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Aankondiging • May 10
Archer Limited Announces Board Appointments Archer Limited advised that the 2023 Annual General Meeting of the Shareholders of the Company held on May 8, 2023 approved to elect Richard Stables and Arne Sigve Nylund as a Director of the Company. Both Arne and Richard bring extensive experience to the board. Arne has a background from management and operations through his 40 years in Equinor while Richard has a background from banking and corporate finance and was engaged as an advisor in the recent refinancing of Archer. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$0.066 (vs US$0.10 loss in FY 2021) Full year 2022 results: EPS: US$0.066 (up from US$0.10 loss in FY 2021). Revenue: US$970.2m (up 19% from FY 2021). Net income: US$9.80m (up US$24.6m from FY 2021). Profit margin: 1.0% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 12
Archer Limited (OB:ARCH) acquired Romar-Abrado for an enterprise value of $8 million. Archer Limited (OB:ARCH) acquired Romar-Abrado for an enterprise value of $8 million on January 10, 2023. The cash and debt free acquisition has an earn-out pending trading performance over 2023 to 2025.Archer Limited (OB:ARCH) completed the acquisition of Romar-Abrado on January 10, 2023. Aankondiging • Nov 19
Archer Limited (OB:ARCH) completed the acquisition of 50% stake in Iceland Drilling Company Ltd for $8.3 million. Archer Limited (OB:ARCH) signed an agreement to acquire 50% stake in Iceland Drilling Company Ltd for $8.3 million on August 8, 2022. Upon comepltion, Kaldbakur ehf. will remain a large shareholder and will own the other 50%. Iceland Drilling Company has an annual revenue of approximately $40 million. The closing of the transaction is subject to the approval by the Icelandic competition authorities. The transaction is expected to be finalized during third quarter 2022.
Archer Limited (OB:ARCH) completed the acquisition of 50% stake in Iceland Drilling Company Ltd on November 18, 2022. Reported Earnings • Aug 13
Second quarter 2022 earnings released: US$0.13 loss per share (vs US$0.011 profit in 2Q 2021) Second quarter 2022 results: US$0.13 loss per share (down from US$0.011 profit in 2Q 2021). Revenue: US$246.6m (up 22% from 2Q 2021). Net loss: US$19.5m (down US$21.1m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Aankondiging • Aug 13
Archer Limited Reiterates Earnings Guidance for the Fiscal Year 2022 Archer Limited reiterated earnings guidance for the fiscal year 2022. For the period, the company expects revenue to be moderately higher in 2022 than in 2021. Aankondiging • Aug 10
Archer Limited (OB:ARCH) signed an agreement to acquire 50% stake in Iceland Drilling Company Ltd for $8.3 million. Archer Limited (OB:ARCH) signed an agreement to acquire 50% stake in Iceland Drilling Company Ltd for $8.3 million on August 8, 2022. Upon comepltion, Kaldbakur ehf. will remain a large shareholder and will own the other 50%. Iceland Drilling Company has an annual revenue of approximately $40 million. The closing of the transaction is subject to the approval by the Icelandic competition authorities. The transaction is expected to be finalized during third quarter 2022. Aankondiging • May 17
Archer Limited Announces the Resignation of Kjell-Erik Østdahl as Chairman and Member of the Board Kjell-Erik Østdahl, Chairman of Archer Limited has resigned from the Board of Directors of Archer. The Board of Directors will proceed to elect a new Chairman of the Board in due course. Reported Earnings • May 07
First quarter 2022 earnings released: EPS: US$0.093 (vs US$0.041 in 1Q 2021) First quarter 2022 results: EPS: US$0.093 (up from US$0.041 in 1Q 2021). Revenue: US$219.1m (up 13% from 1Q 2021). Net income: US$13.9m (up 128% from 1Q 2021). Profit margin: 6.3% (up from 3.1% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 03
Full year 2021 earnings released: US$0.10 loss per share (vs US$0.051 loss in FY 2020) Full year 2021 results: US$0.10 loss per share (down from US$0.051 loss in FY 2020). Revenue: US$813.1m (up 14% from FY 2020). Net loss: US$14.8m (loss widened 97% from FY 2020). Over the next year, revenue is forecast to grow 9.3%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 27
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$0.10 loss per share (down from US$0.051 loss in FY 2020). Revenue: US$813.1m (up 14% from FY 2020). Net loss: US$14.8m (loss widened 97% from FY 2020). Revenue exceeded analyst estimates by 7.4%. Over the next year, revenue is forecast to grow 14%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Aankondiging • Feb 02
Archer Limited Provides Earnings Guidance for the Fourth Quarter of 2021 and Full Year 2022 Archer Limited provides earnings guidance for the fourth quarter of 2021 and full year 2022. For the quarter of 2021, the company expects revenue of $248 million, up 17.6% compared to Fourth Quarter 2020.For the year 2022, the company expects revenues to increase moderately from 2021. Reported Earnings • Nov 09
Third quarter 2021 earnings released: US$0.066 loss per share (vs US$0.083 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$206.2m (up 29% from 3Q 2020). Net loss: US$9.70m (loss narrowed 21% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 09
Third quarter 2021 earnings released: US$0.066 loss per share (vs US$0.083 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$206.2m (up 29% from 3Q 2020). Net loss: US$9.70m (loss narrowed 21% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Oct 31
High number of new directors Independent Director Peter Sharpe was the last director to join the board, commencing their role in 2019. Breakeven Date Change • Sep 23
Forecast to breakeven in 2021 The 2 analysts covering Archer expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$8.43m in 2021. Earnings growth of 127% is required to achieve expected profit on schedule. Reported Earnings • Aug 14
Second quarter 2021 earnings released: EPS US$0.011 (vs US$0.31 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$228.0m (up 18% from 2Q 2020). Net income: US$1.60m (down 97% from 2Q 2020). Profit margin: 0.7% (down from 24% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Aankondiging • Jun 04
Archer Limited (OB:ARCH) completed the acquisition of DeepWell AS. Archer Limited (OB:ARCH) signed an offer letter to acquire DeepWell AS for NOK 177 million on a debt and cash free basis on April 26, 2021. The transaction is subject to approval by regulatory board/committee closing conditions and consummation of due diligence investigation. As of May 31, 2021 Norwegian Competition Authority approved the deal. Following the approval, the transaction is expected to close over the next few days.
Archer Limited (OB:ARCH) completed the acquisition of DeepWell AS on June 3, 2021. Aankondiging • Apr 27
Archer Limited (OB:ARCH) signed an offer letter to acquire DeepWell AS. Archer Limited (OB:ARCH) signed an offer letter to acquire DeepWell AS on April 26, 2021. The transaction is subject to approval by regulatory board/committee, closing conditions and consummation of due diligence investigation. Reported Earnings • Mar 28
Full year 2020 earnings released: US$0.051 loss per share (vs US$0.32 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: US$715.1m (down 14% from FY 2019). Net loss: US$7.50m (loss narrowed 84% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 26
Full year 2020 earnings released: US$0.051 loss per share (vs US$0.32 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: US$824.0m (down 1.2% from FY 2019). Net loss: US$7.50m (loss narrowed 84% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue misses expectations Revenue missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 6.9% compared to a 11% decline forecast for the Energy Services industry in Germany. Is New 90 Day High Low • Feb 11
New 90-day high: €0.48 The company is up 176% from its price of €0.17 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.07 per share. Is New 90 Day High Low • Jan 05
New 90-day high: €0.30 The company is up 77% from its price of €0.17 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.46 per share. Aankondiging • Nov 26
Archer Secures A Five-Year Contract from Aker BP Archer has secured a five-year contract from Aker BP with an additional three-year extension option for the provision of platform drilling operations and maintenance services on the Ula and Valhall installations in the Norwegian sector of the North Sea. The contract will commence January 1, 2021 in direct continuation of the current contract. Archer will deliver platform drilling, maintenance services and intervention support, including further integrated engineering, rental equipment and well services where required as part of its #OneArcher service offering. Is New 90 Day High Low • Nov 24
New 90-day high: €0.26 The company is up 33% from its price of €0.19 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.38 per share. Reported Earnings • Nov 07
Third quarter 2020 earnings released: US$0.083 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: US$183.5m (down 9.8% from 3Q 2019). Net loss: US$12.3m (loss narrowed 78% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 73% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings. 
