AFC Energy (LON:AFC) Announces Quarterly Earnings Results

AFC Energy (LON:AFC) issued 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 Trading Down 0.5%

Shares of AFC Energy stock opened at GBX 12.34 on Friday. AFC Energy has a 12-month low of GBX 5 and a 12-month high of GBX 18. The company has a current ratio of 4.87, a quick ratio of 12.18 and a debt-to-equity ratio of 2.13. The stock has a market cap of £139.81 million, a PE ratio of -5.37 and a beta of 2.96. The company has a 50-day moving average of GBX 11.77 and a two-hundred day moving average of GBX 10.27.

AFC Energy Company Profile

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.