Reported Q: Q3 2024 Rev YoY: +14.8% EPS YoY: +85.9% Move: -2.96%
Akso Health Group
AHG
$1.350 -2.96%
Exchange NASDAQ Sector Financial Services Industry Financial Credit Services
Q3 2024
Published: Dec 31, 2023

Company Status Snapshot

Fast view of the latest quarter outcome for AHG

Reported

Report Date

Dec 31, 2023

Quarter Q3 2024

Revenue

760.38K

YoY: +14.8%

EPS

-0.13

YoY: +85.9%

Market Move

-2.96%

Previous quarter: Q2 2024

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Earnings Highlights

  • Revenue of $0.76M up 14.8% year-over-year
  • EPS of $-0.13 increased by 85.9% from previous year
  • Gross margin of 5.5%
  • Net income of -3.00M
  • "Transcript not provided in the supplied data." - N/A
AHG
Company AHG

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Executive Summary

AHG reported a quarterly revenue of 760,377 (USD thousands) for QQ3 2024, indicating a year-over-year growth of 14.8% and a substantial quarterly uptick of 70.2%. Despite top-line momentum, the company posted an operating loss of 3,161,096 and a net loss of 2,997,405 for the quarter, with gross profit of 41,651 and a thin gross margin of 5.48%. The divergence between revenue growth and profitability is driven by elevated operating expenses, notably General and Administrative spend of 3,118,537 and Selling/SG&A of 3,202,747, resulting in a material operating margin of -4.16%. Net income finished at -2,997,405 with an EPS of -0.14. On the liquidity side, AHG generated positive operating cash flow of 554,452, while investing activity consumed 28,125,000 and financing activity contributed 65,651,849, yielding a net cash increase that left cash at period end at 37,352,416. The balance sheet shows a strong asset base (Total Assets 142,018,117) and an unusually large stockholders’ equity position (138,367,384) with a modest debt footprint (Short-term debt 2,000,000; Net debt negative 83,174,017). The company nonetheless carries a negative earnings trajectory in the near term, implying a cash-funded liquidity runway but a clear need to translate cash into sustainable earnings. The lack of available transcripts in the provided data limits management-quote attribution, constraining qualitative insights from the earnings call. This report therefore emphasizes quantitative trends while outlining plausible qualitative implications based on the disclosed figures and industry context.

Key Performance Indicators

Revenue
Increasing
760.38K
QoQ: 70.19% | YoY: 14.82%
Gross Profit
Decreasing
41.65K
5.48% margin
QoQ: 114.53% | YoY: -41.79%
Operating Income
Increasing
-3.16M
QoQ: -173.00% | YoY: 54.99%
Net Income
Increasing
-3.00M
QoQ: -95.64% | YoY: 59.57%
EPS
Increasing
-0.14
QoQ: 30.00% | YoY: 85.86%

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