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Abraxas Petroleum Corporation

AXAS•PNK
Energy
Oil & Gas Exploration & Production
$0.03
$-0.07(-65.98%)
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The company's financials show resilient growth, with revenue advancing from $12.19M in Q1 2022 to $9.76M in Q4 2022. Gross profit remained healthy with margins at 46% in Q4 2022 compared to 70% in Q1 2022. Operating income hit $1.008M last quarter, sustaining a consistent 10% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $2.56M. Net income dropped to -$24.99M, while earnings per share reached -$0.97. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.

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