Reported Q: Q1 2024 Rev YoY: -92.5% EPS YoY: -302.6% Move: -2.96%
Akso Health Group
AHG
$1.350 -2.96%
Exchange NASDAQ Sector Financial Services Industry Financial Credit Services
Q1 2024
Published: Jul 14, 2023

Company Status Snapshot

Fast view of the latest quarter outcome for AHG

Reported

Report Date

Jul 14, 2023

Quarter Q1 2024

Revenue

446.79K

YoY: -92.5%

EPS

-0.20

YoY: -302.6%

Market Move

-2.96%

Previous quarter: Q4 2023

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Earnings Highlights

  • Revenue of $0.45M down 92.5% year-over-year
  • EPS of $-0.20 decreased by 302.6% from previous year
  • Gross margin of 4.3%
  • Net income of -1.53M
  • "N/A" - N/A
AHG
Company AHG

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Executive Summary

AHG reported QQ1 2024 revenue of USD 446,792 with gross profit of USD 19,415 and a gross margin of 4.3%. Operating income deteriorated to a loss of USD (1,157,924) representing an operating margin of approximately -2.59%, and net income declined to USD (1,532,088) for a net margin of roughly -3.43%. The YoY revenue drop of 92.5% and net income decline of 287.9% underscore a material step-down in activity and an earnings trajectory that remains adverse despite a modest top-line improvement QoQ relative to prior periods. In the quarter, cash flow from operations was positive at USD 121,168 and free cash flow stood at USD 121,168, contributing to a robust cash balance of USD 9,211,639 and net debt of USD 824,513. Balance sheet health is characterized by solid liquidity and a heavy accumulated deficit: total assets USD 16.88 million, current assets USD 16.88 million with current liabilities USD 11.55 million, cash and equivalents USD 9.21 million, short-term debt USD 10.04 million, retained earnings deeply negative at USD -57.93 million, and total stockholders’ equity around USD 5.22 million. The stock trades with a price-to-sales multiple near 6x and a negative earnings multiple, reflecting the earnings erosion and a nascent profitability profile. While liquidity supports near-term operations, the company faces meaningful profitability restoration challenges ahead.

Key Performance Indicators

Revenue
Decreasing
446.79K
QoQ: -32.53% | YoY: -92.46%
Gross Profit
Decreasing
19.42K
4.35% margin
QoQ: -72.87% | YoY: -96.55%
Operating Income
Decreasing
-1.16M
QoQ: 83.51% | YoY: -951.89%
Net Income
Decreasing
-1.53M
QoQ: 79.33% | YoY: -287.90%
EPS
Decreasing
-0.20
QoQ: 79.80% | YoY: -302.63%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 0.76 -0.13 +14.8% View
Q3 2024 0.76 -0.13 +14.8% View
Q2 2024 0.45 -0.20 -92.5% View
Q1 2024 0.45 -0.20 -92.5% View
Q4 2023 0.66 -0.96 -92.5% View