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Aeris Environmental Full Year 2023 Earnings: AU$0.015 loss per share (vs AU$0.029 loss in FY 2022)

Aeris Environmental (ASX:AEI) Full Year 2023 Results

Key Financial Results

  • Revenue: AU$2.11m (down 25% from FY 2022).

  • Net loss: AU$3.65m (loss narrowed by 49% from FY 2022).

  • AU$0.015 loss per share (improved from AU$0.029 loss in FY 2022).

earnings-and-revenue-history
earnings-and-revenue-history

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

The primary driver behind last 12 months revenue was the Australia segment contributing a total revenue of AU$2.08m (99% of total revenue). Notably, cost of sales worth AU$2.84m amounted to 135% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to AU$1.91m (59% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of AU$326.8k.Explore how AEI's revenue and expenses shape its earnings.

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Aeris Environmental shares are down 4.3% from a week ago.

Risk Analysis

Be aware that Aeris Environmental is showing 5 warning signs in our investment analysis and 3 of those don't sit too well with us...

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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.