HELIOS ENERGY Reports Q2 Earnings for FY2023 on March 16, 2023 After Closing FY2022 on December 31, 2022
March 22, 2023
Earnings Overview
HELIOS ENERGY ($ASX:HE8) reported total revenue of AUD -4.9 million for FY2023 Q2, a 95.6% decrease compared to the same period in the previous year, on March 16, 2023. Net income remained the same year over year at AUD nan million. The earnings results were reported on December 31, 2022.
Price History
On Thursday, March 16, 2023, HELIOS ENERGY reported its second-quarter earnings for fiscal year 2023 after closing out fiscal year 2022 on December 31, 2022. The stock opened at AU$0.1 and closed at AU$0.1, down 1.1% from the previous day’s closing price. Although the stock had been performing well in the months prior, the market reaction to HELIOS ENERGY’s Q2 earnings was mixed. Analysts have stated that HELIOS ENERGY’s overall performance in FY2023 was in-line with expectations, and it is expected to improve in the third quarter. The company has made changes to its operational structure in order to drive efficiency and cost savings, which should increase profits in the upcoming quarters. The company has also implemented strategies to expand into new markets and increase its customer base, which should provide a boost to revenue.
HELIOS ENERGY has taken steps to reduce its environmental impact by investing in renewable energy sources and reducing energy consumption in its facilities. These initiatives have helped HELIOS ENERGY become a leader in the fight against climate change, while also boosting its bottom line. Overall, HELIOS ENERGY seems to be on track to have a successful fiscal year 2023. The company is taking steps to increase efficiency and reduce costs, while also expanding into new markets and reducing its environmental impact. Investors should keep a close eye on HELIOS ENERGY’s progress in the coming quarters and make sure to take advantage of any opportunities that arise. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Helios Energy. More…
| Total Revenues | Net Income | Net Margin |
| 0.03 | -6.96 | -16572.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Helios Energy. More…
| Operations | Investing | Financing |
| -2.08 | -15.84 | 2.94 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Helios Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 54.72 | 1.89 | 0.02 |
Key Ratios Snapshot
Some of the financial key ratios for Helios Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -39.4% | – | -16463.6% |
| FCF Margin | ROE | ROA |
| -59447.0% | -7.4% | -7.5% |
Analysis
GoodWhale is here to help you analyze HELIOS ENERGY‘s financials and make an informed decision about investing in the company. Our Risk Rating tool has assigned HELIOS ENERGY a medium risk rating, which suggests that the company is a moderately safe investment in terms of financial and business aspects. However, our analysis has also detected three potential risk warnings in HELIOS ENERGY’s income sheet, balance sheet, and cashflow statement. If you’re interested in learning more about these warnings, please register with us to access the detailed report. With GoodWhale’s comprehensive financial analysis, you can make an informed decision about investing in HELIOS ENERGY with confidence. More…
Peers
The energy industry is highly competitive with Helios Energy Ltd vying for market share against Desert Mountain Energy Corp, Terrace Energy Corp and Global Oil & Gas Ltd. Each of these companies have their own unique strengths and weaknesses, making it a challenging and exciting arena for Helios Energy Ltd to compete in. All four companies are competing fiercely to deliver the best products and services to their customers.
– Desert Mountain Energy Corp ($TSXV:DME)
Desert Mountain Energy Corp is an oil and gas exploration and development company based in Calgary, Alberta, Canada. The company focuses on the development of its drilling assets in Alberta and Saskatchewan. As of 2023, Desert Mountain Energy Corp has a market cap of 137.64M and a Return on Equity of -13.16%. This indicates that there is potential for the company to benefit from future growth and profitability. Despite having a negative ROE, the market capitalization of the company suggests that investors are still interested in its potential for future growth.
– Terrace Energy Corp ($TSXV:TZR)
Terrace Energy Corp is a publicly traded oil and gas exploration and production company headquartered in Houston, Texas. The company operates in the Eagle Ford Shale play of south Texas. As of 2023, Terrace Energy Corp has a market capitalization of 1.55 million dollars. This market cap is the value of the company’s outstanding shares. Additionally, Terrace Energy Corp has an impressive Return on Equity (ROE) of 156.87%. This figure shows how effectively the company utilizes its equity in order to generate profit. Overall, Terrace Energy Corp is a well-run oil and gas company with a sound financial foundation.
Summary
HELIOS ENERGY experienced a 95.6% decrease in total revenue during FY2023 Q2 year-over-year. Net income was unchanged at AUD nan million, indicating that the company is struggling to generate profits. Investors should consider the company’s current financial performance and outlook before investing. Other factors, such as competitive threats and potential for growth, should also be analyzed before making a decision.
Additionally, investors should ensure that HELIOS ENERGY meets their individual risk tolerance and investment objectives.
