Australis Oil & Gas Full Year 2023 Earnings: US$0.012 loss per share (vs US$0.002 profit in FY 2022)
Australis Oil & Gas (ASX:ATS) Full Year 2023 Results
Key Financial Results
Revenue: US$20.7m (down 23% from FY 2022).
Net loss: US$15.3m (down from US$1.97m profit in FY 2022).
US$0.012 loss per share (down from US$0.002 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Australis Oil & Gas Earnings Insights
Looking ahead, revenue is expected to decline by 12% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Australia are expected to grow by 5.2%.
Performance of the Australian Oil and Gas industry.
The company's shares are down 6.3% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Australis Oil & Gas that we have uncovered.
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