ASAP Third Quarter 2022 Earnings: US$0.40 loss per share (vs US$0.10 profit in 3Q 2021)
ASAP (NASDAQ:WTRH) Third Quarter 2022 Results
Key Financial Results
Revenue: US$25.1m (down 42% from 3Q 2021).
Net loss: US$73.5m (down from US$12.3m profit in 3Q 2021).
US$0.40 loss per share (down from US$0.10 profit in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ASAP Earnings Insights
Looking ahead, revenue is expected to decline by 34% p.a. on average during the next 2 years, while revenues in the Online Retail industry in the US are expected to grow by 12%.
Performance of the American Online Retail industry.
The company's shares are down 17% from a week ago.
Risk Analysis
Be aware that ASAP is showing 6 warning signs in our investment analysis and 1 of those is potentially serious...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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