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Stock impact report

Applied Energetics Q3 Loss Widens Y/Y, Revenues & Costs Rise [Yahoo! Finance]

APPLIED ENERGETICS INC (AERG) 
US:NASDAQ Investor Relations: aergs.com
Company Research Source: Yahoo! Finance
with the S&P 500 index's decline of 1.1%. Over the past month, the AERG stock has gained 6.4%, outperforming the S&P 500's rise of 1.6%. For the third quarter of 2024, Applied Energetics reported revenues of $0.75 million, reflecting a 4.9% increase from $0.71 million in the prior-year period. Despite revenue growth, the company's net loss widened 31.1% to $2.37 million in the reported quarter from a net loss of $1.81 million in the third quarter of 2023. The loss per share was unchanged at 1 cent in the third quarter of 2024, reflecting a greater number of outstanding shares offsetting the widened loss. Applied Energetics Inc. price-consensus-eps-surprise-chart | Applied Energetics Inc. Quote Cost of revenues jumped 192.7% year over year to $508,709 for the reported quarter, driven by higher material and labor costs associated with contract modifications. Gross profit declined sharply to $239,011 in the third quarter of 2024 from $538,398 a year ago, compressing the gross m Show less Read more
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