AMERICAN RESOURCES Reports 87.8% Decrease in Total Revenue for 2nd Quarter of FY2023
August 20, 2023
🌥️Earnings Overview
On June 30, 2023, AMERICAN RESOURCES ($NASDAQ:AREC) announced total revenue of USD 2.0 million for the second quarter of FY2023, a decrease of 87.8% compared to the same quarter of the prior year. Net income for this period was USD -1.0 million, lower than the loss of -2.43 million reported in Q2 of the previous fiscal year.
Analysis
An analysis of AMERICAN RESOURCES‘s fundamentals was conducted by GoodWhale and the findings reveal that it is rated as a medium risk investment in terms of financial and business aspects. GoodWhale has detected 4 risk warnings in the company’s income sheet, balance sheet, cashflow statement, and financial journal. To gain further insight into AMERICAN RESOURCES’s potential as an investment opportunity, users need to become a registered user on the GoodWhale platform. This will enable them to take a closer look at the risk warnings and make an informed decision. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for American Resources. More…
| Total Revenues | Net Income | Net Margin |
| 25.04 | -0.35 | -105.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for American Resources. More…
| Operations | Investing | Financing |
| 8.12 | -5.54 | 44.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for American Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 100.08 | 89.34 | 0.14 |
Key Ratios Snapshot
Some of the financial key ratios for American Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 41.2% | – | 4.6% |
| FCF Margin | ROE | ROA |
| 30.2% | 8.0% | 0.7% |
Peers
The company focuses on the development and production of metallurgical coal and industrial minerals in the United States. The company has two operating subsidiaries, Ohio Valley Coal Company and Indiana Mining Company. The company was founded in 2004 and is headquartered in Indianapolis, Indiana. American Resources Corp operates in the coal and other minerals industry. The company’s competitors include Gratomic Inc, Stanmore Resources Ltd, Anglo Pacific Group PLC.
– Gratomic Inc ($TSXV:GRAT)
Gratomic Inc is a publicly traded company with a market capitalization of $66.5 million as of 2022. The company has a negative return on equity of -24.89%. Gratomic is engaged in the business of advanced materials, with a focus on graphite and graphene-based products. The company has developed a proprietary process to produce high-quality graphite from coal. Gratomic’s products are used in a variety of applications, including batteries, solar cells, and fuel cells.
– Stanmore Resources Ltd ($ASX:SMR)
Stanmore Resources Ltd is an Australian company that produces thermal coal. The company has a market cap of 2.33B as of 2022 and a Return on Equity of 55.75%. Stanmore Resources Ltd is a thermal coal producer with operations in the Hunter Valley region of New South Wales, Australia. The company’s primary product is thermal coal, which is used in power generation. Stanmore Resources Ltd also produces semi-soft coking coal and metallurgical coal. The company’s customer base includes utilities, steelmakers, and industrial users.
Summary
Investors examining American Resources should take note of the company’s second quarter of FY2023 financial results, which saw total revenue decline by 87.8% year-over-year. This decrease was accompanied by a net income loss of USD -1.0 million, a further decrease from -2.43 million in the prior year’s quarter. With these figures in mind, investors may wish to monitor American Resources more closely in order to assess any potential future developments.
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