American Resources Full Year 2023 Earnings: Misses Expectations

Simply Wall St

April 01, 2024

American Resources (NASDAQ:AREC) Full Year 2023 Results

Key Financial Results

Revenue: US$16.7m (down 58% from FY 2022).
Net loss: US$11.2m (loss widened by US$9.76m from FY 2022).
US$0.15 loss per share (further deteriorated from US$0.022 loss in FY 2022).

revenue-and-expenses-breakdown — NasdaqCM:AREC Revenue and Expenses Breakdown April 1st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

American Resources Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates.

In the last 12 months, the only revenue segment was Metals & Mining - Coal contributing US$16.7m. Notably, cost of sales worth US$14.3m amounted to 85% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to US$11.7m (52% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$8.70m. Explore how AREC's revenue and expenses shape its earnings.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for American Resources (1 is potentially serious!) that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.