Akso Health Group (AHG)

Name: Akso Health Group Financial Statements
Creator: Quarter Results

Financial Services | Financial Credit Services

Latest reporting period: 2024-03-31

Latest Quarter

2024-03-31

Revenue

$760K

Net Income

-$3.0M

Operating Margin

-415.7%

Free Cash Flow

$1.0M

Debt / Assets

7.4%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Akso Health Group (AHG).
Income Statement (Quarterly)	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Revenue	760,377	760,377	446,792	446,792
Cost of Revenue	718,726	718,726	427,377	427,377
Gross Profit	41,651	41,651	19,415	19,415
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	3,202,747	3,202,747	1,177,339	1,177,339
Operating Expenses	3,202,747	3,068,213	1,538,749	1,538,749
Operating Income	-3,161,096	-3,161,096	-1,157,924	-1,157,924
Interest Expense	0	0	0	0
Income Before Tax	-3,026,562	-3,026,562	-1,519,334	-1,519,334
Income Tax Expense	59	59	12,435	12,435
Net Income	-3,000,563	-2,997,405	-1,532,088	-1,532,088
Per Share
EPS	-0.14	-0.14	-0.20	-0.20
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Akso Health Group (AHG).
Income Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Revenue	14,777,798	2,414,338	13,181,561	6,311,092	1,754,935
Cost of Revenue	15,059,324	2,292,206	11,912,571	5,394,866	544,572
Gross Profit	-281,526	122,132	1,268,990	916,226	1,210,363
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	3,641,446	8,760,172	15,535,843	15,628,656	28,360,090
Operating Expenses	166,022,826	8,760,172	15,535,843	16,049,842	28,360,090
Operating Income	-166,304,352	-8,638,040	-14,266,853	-15,133,616	-30,904,348
Interest Expense	0	0	0	804,138	2,154,621
Income Before Tax	-166,270,279	-9,091,791	-13,066,489	-16,718,300	-31,069,266
Income Tax Expense	-30,801,146	24,988	17,549	131,433	482,976
Net Income	-134,977,369	-9,458,784	-13,084,038	-16,849,733	-34,826,989
Per Share
EPS	-0.48	-0.45	-1.71	-0.85	-0.71
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Akso Health Group (AHG).
Balance Sheet (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Assets
Cash and Cash Equivalents	176,229,874	85,174,017	7,924,468	21,925,322
Short Term Investments	0	0	0	0
Net Receivables	12,895,578	0	9,498,030	20,017,302
Inventory	190,242	191,201	1,686,449	7,795,822
Total Current Assets	196,124,892	142,018,117	20,732,428	50,624,351
Property Plant Equipment	114,544	0	0	55,433
Goodwill and Intangibles	18,713,889	0	0	0
Total Assets	214,953,325	142,018,117	20,460,299	50,679,784
Liabilities
Account Payables	0	0	-9,686,152	0
Short Term Debt	40,058	0	9,686,152	0
Total Current Liabilities	13,812,907	3,593,923	11,620,783	38,394,202
Long Term Debt	41,679	0	194,376	0
Total Liabilities	15,802,189	3,593,923	11,620,783	38,394,202
Shareholders Equity
Retained Earnings	-198,903,752	-63,926,383	-54,467,600	-53,107,676
Total Shareholders Equity	199,119,145	138,367,384	8,725,304	12,283,606

Balance sheet annual history for Akso Health Group (AHG).
Balance Sheet (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Assets
Cash and Cash Equivalents	176,229,874	85,174,017	7,924,468	21,925,322	15,128,719
Short Term Investments	0	0	0	0	0
Net Receivables	12,895,578	0	9,498,030	20,017,302	14,400,991
Inventory	190,242	191,201	1,686,449	7,795,822	0
Total Current Assets	196,124,892	142,018,117	20,732,428	50,624,351	30,122,488
Property Plant Equipment	114,544	0	0	55,433	66,887
Goodwill and Intangibles	18,713,889	0	0	0	0
Total Assets	214,953,325	142,018,117	20,460,299	50,679,784	31,685,496
Liabilities
Account Payables	0	0	-9,686,152	0	0
Short Term Debt	40,058	0	9,686,152	0	10,000,000
Total Current Liabilities	13,812,907	3,593,923	11,620,783	38,394,202	14,413,971
Long Term Debt	41,679	0	194,376	0	0
Total Liabilities	15,802,189	3,593,923	11,620,783	38,394,202	14,413,971
Shareholders Equity
Retained Earnings	-198,903,752	-63,926,383	-54,467,600	-53,107,676	-36,256,612
Total Shareholders Equity	199,119,145	138,367,384	8,725,304	12,283,606	17,271,525

Cash flow quarterly history for Akso Health Group (AHG).
Cash Flow Statement (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Operating Activities
Net Income	-135,469,133	-9,116,779	-13,084,038	-16,849,733
Depreciation & Amortization	2,149,790	0	0	18,390
Stock Based Compensation	0	0	0	391,625
Change in Working Capital	3,018,202	2,056,439	-1,173,070	-2,564,152
Operating Cash Flow	1,177,163	1,351,240	-3,253,340	-8,628,371
Investing Activities
Capital Expenditure	-154,460	0	0	-4,861
Investments	-154,460	0	0	-4,861
Investing Cash Flow	-105,912,692	-54,721,082	18,471,082	-19,963,860
Financing Activities
Debt Repayment	0	0	-27,513,848	-10,000,000
Common Stock Issued/Repurchased	195,884,024	139,339,849	0	10,017,200
Dividends Paid	0	0	0	0
Financing Cash Flow	195,884,024	131,653,697	-27,513,848	34,781,117
Summary
Free Cash Flow	1,022,703	1,351,240	-3,253,340	-8,633,232
Net Change in Cash	90,025,480	77,011,691	-12,732,619	6,796,603

Cash flow annual history for Akso Health Group (AHG).
Cash Flow Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Operating Activities
Net Income	-135,469,133	-9,116,779	-13,084,038	-16,849,733	-34,826,989
Depreciation & Amortization	2,149,790	0	0	18,390	15,161
Stock Based Compensation	0	0	0	391,625	55,468
Change in Working Capital	3,018,202	2,056,439	-1,173,070	-2,564,152	21,111,090
Operating Cash Flow	1,177,163	1,351,240	-3,253,340	-8,628,371	10,058,470
Investing Activities
Capital Expenditure	-154,460	0	0	-4,861	0
Investments	-154,460	0	0	-4,861	0
Investing Cash Flow	-105,912,692	-54,721,082	18,471,082	-19,963,860	-662
Financing Activities
Debt Repayment	0	0	-27,513,848	-10,000,000	-10,000,000
Common Stock Issued/Repurchased	195,884,024	139,339,849	0	10,017,200	0
Dividends Paid	0	0	0	0	0
Financing Cash Flow	195,884,024	131,653,697	-27,513,848	34,781,117	-9,037,223
Summary
Free Cash Flow	1,022,703	1,351,240	-3,253,340	-8,633,232	10,058,470
Net Change in Cash	90,025,480	77,011,691	-12,732,619	6,796,603	4,203,511