American Resources CorpARECEarnings & Financial Report
REX American Resources Corp. is an American producer and retailer of ethanol, distillers grains and natural gas as well as a holding company in energy entities. It was founded in 1980 and is headquartered in Dayton, Ohio. The company has the entire ownership of three affiliated corporations including Rex Radio and Television, Inc., Stereo Town, Inc. and Kelly & Cohen Appliances, Inc. As of 2012, the company has the ownership of 22 national retail stores and invested in five ethanol production...
AREC Q4 FY2023 Key Financial Metrics
Revenue
$-4.9M
Gross Profit
N/A
Operating Profit
$-27.8M
Net Profit
$-24.7M
Gross Margin
N/A
Operating Margin
572.5%
Net Margin
509.4%
YoY Growth
-203.7%
American Resources Corp Q4 FY2023 Financial Summary
American Resources Corp reported revenue of $-4.9M (down 203.7% YoY) for Q4 FY2023, with a net profit of $-24.7M (down 374.2% YoY) (509.4% margin).
Key Financial Metrics
| Total Revenue | $-4.9M |
|---|---|
| Net Profit | $-24.7M |
| Gross Margin | N/A |
| Operating Margin | 572.5% |
| Report Period | Q4 FY2023 |
American Resources Corp Annual Revenue by Year
American Resources Corp annual revenue history includes year-by-year totals (for example, 2022 revenue was $39.5M).
| Year | Annual Revenue | |
|---|---|---|
| 2022 | $39.5M | — |
American Resources Corp Quarterly Revenue & Net Profit History
American Resources Corp results over the last 7 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2023 | $-4.9M | -203.7% | $-24.7M | 509.4% |
| Q3 FY2023 | $5.8M | -38.7% | $-2.5M | -42.1% |
| Q1 FY2023 | $8.9M | -2.3% | $-2.9M | -32.3% |
| Q4 FY2022 | $4.7M | +3.2% | $9.0M | 192.6% |
| Q3 FY2022 | $9.5M | +238.0% | $-5.3M | -55.4% |
| Q2 FY2022 | $16.2M | +4019.7% | $-2.4M | -15.1% |
| Q1 FY2022 | $9.1M | +85196.1% | $-2.8M | -30.3% |
Income Statement
| Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q3 2023 | Q4 2023 | |
|---|---|---|---|---|---|---|---|
| Revenue | $9.1M | $16.2M | $9.5M | $4.7M | $8.9M | $5.8M | $-4.9M |
| YoY Growth | 85196.1% | 4019.7% | 238.0% | 3.2% | -2.3% | -38.7% | -203.7% |
Balance Sheet
| Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q3 2023 | Q4 2023 | |
|---|---|---|---|---|---|---|---|
| Assets | $38.6M | $37.7M | $37.3M | $55.9M | $49.5M | $102.9M | $64.7M |
| Liabilities | $42.2M | $42.4M | $46.4M | $55.6M | $42.1M | $88.2M | $109.7M |
| Equity | $-3.7M | $-4.7M | $-9.1M | $-19.9M | $7.3M | $14.7M | $-43.5M |
Cash Flow
| Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q3 2023 | Q4 2023 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $-5.7M | $-2.2M | $-3.9M | $14.4M | $-7.3M | $756781 | $-13.7M |