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Ascent Resources Plc

AST.L•LSE
Energy
Oil & Gas Exploration & Production
£0.33
£-0.03(-9.59%)
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The company's financials show resilient growth, with revenue advancing from $581000.00 in Q4 2022 to $1000.00 in Q2 2024. Gross profit remained healthy with margins at -2500% in Q2 2024 compared to -59% in Q4 2022. Operating income hit -$1.05M last quarter, sustaining a consistent -105200% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at -$1.05M. Net income dropped to -$1.07M, while earnings per share reached -$0.005. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.

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