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
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News
- Applied Energetics to Present at The Benchmark Company 13th Annual Discovery One-on-One Conference on December 11th, 2024, in New York City [Yahoo! Finance]Yahoo! Finance
- Applied Energetics to Present at The Benchmark Company 13th Annual Discovery One-on-One Conference on December 11th, 2024, in New York CityAccesswire
- Applied Energetics and Kord Technologies Sign Memorandum of Understanding to Advance Directed Energy and Pulsed Laser Technology SolutionsAccesswire
- Applied Energetics Names Chris Donaghey President and CEO [Yahoo! Finance]Yahoo! Finance
- Applied Energetics Names Chris Donaghey President and CEO Accesswire
AERG
Sec Filings
- 12/5/24 - Form 4
- 12/2/24 - Form 8-K
- 11/14/24 - Form 10-Q
- AERG's page on the SEC website