Approach Resources Revenue, Profits - AREX Annual Income Statement

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$2.24 $0.02 (0.9%) AREX stock closing price Aug 17, 2018 (Closing)

Fundamental analysis of AREX stock involves analyzing its financial statements, apart from checking the Approach Resources stock price. The key financial statements of a company are the income statement, the balance sheet and the cash flow statement. The income statement for AREX which shows a YOY revenue growth of 16.66% is specific to a period of time. Investors typically check YoY or QoQ revenue growth. Revenue for year 2017 is $105.34M and has increased from $90.3M year on year as is evident when you compare the latest figures in the latest Approach Resources profit and loss statement with those of the prior corresponding period. Also see Approach Resources assets and Approach Resources free cash flow for a complete valuation of AREX stock.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Approach Resources Revenues or Net Sales
105.34M90.3M131.33M258.52M181.3M128.89M108.38M57.58M40.64M79.86M
Cost Of Goods Sold (COGS)21.55M23.17M33.41M36.53M21.39M23.55M22.87M11.14M9.39M9.09M
Approach Resources Gross Profit
83.79M67.12M97.92M221.99M159.91M105.34M85.51M46.43M31.25M70.77M
Research & Development Expense----------
Selling General & Admin Expense32.97M32.95M261.05M48.03M39.36M34.15M23.7M17.03M15.57M19.46M
Income Before Depreciation Depletion Amortization50.81M34.17M-163.13M173.95M120.54M71.18M61.8M29.4M15.67M51.3M
Depreciation Depletion Amortization70.52M79.04M109.31M106.8M76.95M60.38M32.47M22.22M24.66M23.71M
Non Operating Income4.82M-4.53M30.01M44.35M85.25M3.65M-15.2M6.57M4.76M9.16M
Interest Expense21.05M27.25M25.06M21.65M14.08M4.73M3.4M2.18M1.78M1.26M
Approach Resources Pretax Income
-35.93M-76.66M-267.5M89.86M114.76M9.72M10.73M11.56M-6.01M35.49M
Provision for Income Taxes76.42M-24.41M-93.4M33.69M42.5M3.33M3.48M4.1M-0.78M12.11M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations-112.35M-52.24M-174.1M56.17M72.25M6.38M7.24M7.46M-5.22M23.38M
Extraordinary Items & Discontinued Operations----------
Approach Resources Profit/ Loss (Net Income)
-112.35M-52.24M-174.1M56.17M72.25M6.38M7.24M7.46M-5.22M23.38M
Average Shares used to compute Diluted EPS83.4M41.49M40.46M39.42M39.02M35.03M29.16M22.21M20.87M20.83M
Average Shares used to compute Basic EPS83.4M41.49M40.46M39.41M39M34.97M28.93M22.07M20.87M20.65M
Income Before Nonrecurring Items-29.81M-44.33M-14.97M29.22M17.98M3.83M19.51M8.67M3.26M23.48M
Income from Nonrecurring Items-82.55M-7.92M-159.14M26.95M54.27M2.56M-12.26M-1.21M-8.49M-0.1M
Approach Resources Earnings Per Share Basic Net
-1.35-1.26-4.301.431.850.180.250.34-0.251.13
Approach Resources Earnings Per Share Diluted Net
-1.35-1.26-4.301.421.850.180.250.34-0.251.12
EPS Diluted Before Nonrecurring Items-0.36-1.07-0.370.740.460.110.670.390.161.13
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.000.000.000.000.000.000.000.000.000.00
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Approach Resources stock analysis are:

  • Revenue: This is the inflow that is generated from the sale of goods or services and is $105.34M for this year of 2017. Our Approach Resources revenue chart gives a clear visual representation of how the topline or sales growth has been. Investors often invest only in those companies where the revenue is growing at a steady rate.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. AREX stock had a poor bottom line growth.

The income statement is also called statement of revenue and expense. The AREX financials along with Approach Resources historical stock prices provide a lot of details about the firm.

Approach Resources Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
9.74
PS Ratio (price sales ratio)
1.87
Dividend Yield
0%