AFC Energy (LON:AFC) Announces Earnings Results

AFC Energy (LON:AFC) announced its earnings results on Wednesday. The company reported GBX (2.41) EPS for the quarter, Digital Look Earnings reports. AFC Energy had a negative return on equity of 71.96% and a negative net margin of 4,502.53%.

AFC Energy Price Performance

AFC traded down GBX 0.10 during midday trading on Thursday, hitting GBX 12.40. The company had a trading volume of 4,252,085 shares, compared to its average volume of 6,119,675. AFC Energy has a twelve month low of GBX 5 and a twelve month high of GBX 18. The company has a market capitalization of £140.49 million, a PE ratio of -5.39 and a beta of 2.96. The company has a debt-to-equity ratio of 2.13, a quick ratio of 12.18 and a current ratio of 4.87. The firm’s 50-day simple moving average is GBX 11.73 and its 200-day simple moving average is GBX 10.26.

About AFC Energy

AFC Energy plc (AIM: AFC) is a leading provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions. Our market-leading decentralised ammonia cracker and fuel cell generator products are engineered to unlock the low carbon hydrogen market by meeting customers’ needs with scalable, reliable supplies of low carbon hydrogen and power that enable them to decarbonise at a price that is commercially viable and without reliance on government subsidies or incentives.

Our core strategy is to develop and deploy products that enable the production of scalable, reliable supplies of clean hydrogen at commercially viable prices and without reliance on government subsidies or incentives, through our proprietary, decentralised and modular ammonia cracker technology, and to provide low carbon, off grid power solutions with our fuel cell generators that are competitive with, and capable of displacing, diesel generators on a total cost of ownership basis.

We are focused on the successful commercial rollout of our core product suite and on creating significant shareholder value by converting our growing opportunity pipeline into contracted orders and delivering sustained revenue growth.