Asante Gold Corporation
Asante Gold Corporation (ASE.CN) Financial Performance & Income Statement Overview
Review Asante Gold Corporation (ASE.CN) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
Asante Gold Corporation (ASE.CN) Income Statement & Financial Overview
Explore comprehensive income reports for Asante Gold Corporation ASE.CN, broken down by year and quarter.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $119.93M | $111.14M | $157.56M | $156.21M |
| Cost of Revenue | $131.11M | $107.90M | $162.29M | $158.90M |
| Gross Profit | -$11.18M | $3.24M | -$4.73M | -$2.69M |
| Gross Profit Ratio | -$0.09 | $0.03 | -$0.03 | -$0.02 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $7.91M | $10.22M | $17.17M | $11.31M |
| Operating Expenses | $12.88M | $8.20M | $15.19M | $9.24M |
| Total Costs & Expenses | $143.98M | $116.10M | $177.47M | $168.14M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $5.82M | $5.19M | $6.12M | $9.81M |
| Depreciation & Amortization | $25.08M | $22.70M | $45.09M | $34.10M |
| EBITDA | $15.02M | $14.78M | $22.007M | $9.09M |
| EBITDA Ratio | $0.13 | $0.13 | $0.14 | $0.06 |
| Operating Income | -$24.05M | -$4.96M | -$19.91M | -$11.93M |
| Operating Income Ratio | -$0.20 | -$0.04 | -$0.13 | -$0.08 |
| Other Income/Expenses (Net) | $8.16M | -$8.15M | -$9.29M | -$22.88M |
| Income Before Tax | -$15.89M | -$13.11M | -$29.21M | -$34.81M |
| Income Before Tax Ratio | -$0.13 | -$0.12 | -$0.19 | -$0.22 |
| Income Tax Expense | $2.53M | $4.44M | $1.93M | -$7.34M |
| Net Income | -$17.56M | -$16.93M | -$29.34M | -$26.75M |
| Net Income Ratio | -$0.15 | -$0.15 | -$0.19 | -$0.17 |
| EPS | -$0.04 | -$0.04 | -$0.09 | -$0.08 |
| Diluted EPS | -$0.04 | -$0.04 | -$0.09 | -$0.08 |
| Weighted Avg Shares Outstanding | $458.33M | $446.19M | $445.38M | $445.24M |
| Weighted Avg Shares Outstanding (Diluted) | $458.33M | $446.19M | $445.38M | $445.24M |
Over the last four quarters, Asante Gold Corporation achieved steady financial progress, growing revenue from $156.21M in Q1 2024 to $119.93M in Q4 2024. Gross profit stayed firm with margins at -9% in Q4 2024 versus -2% in Q1 2024. Operating income totaled -$24.05M in Q4 2024, maintaining a -20% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at $15.02M. Net income dropped to -$17.56M, with EPS at -$0.04. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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