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Applied Energetics Inc   (AERG)
Other Ticker:  
 
    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods
 
Price: $1.9900 $-0.01 -0.500%
Day's High: $2.035 Week Perf: 1.27 %
Day's Low: $ 1.99 30 Day Perf: 6.7 %
Volume (M): 87 52 Wk High: $ 3.04
Volume (M$): $ 173 52 Wk Avg: $2.26
Open: $1.99 52 Wk Low: $1.68



 Market Capitalization (Millions $) 420
 Shares Outstanding (Millions) 211
 Employees 1
 Revenues (TTM) (Millions $) 2
 Net Income (TTM) (Millions $) -7
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) 0

Applied Energetics Inc

Prior to October 3, 2014, the company engaged in the design, development and manufacture of applied energy systems for military and commercial applications and Ultra Short Pulse lasers and high voltage lasers for commercial applications. This technology is currently available to potential users.

Revenue has been derived from ongoing contract work for systems development, effects testing and the design and development of demonstration systems and sub-systems for our Government and commercial customers. This work is expected to be generally performed under cost-plus contracts with Government customers.

Revenue under long-term Government contracts is generally recorded under the percentage of completion method. Revenue, billable monthly, under cost plus fixed fee contracts is recorded as costs are incurred and includes estimated earned fees in the proportion that costs incurred to date bear to total estimated costs. Costs include direct labor, direct materials, subcontractor costs and overhead. General and administrative expenses allowable under the terms of the contracts are allocated per contract depending on its direct labor and material proportion to total direct labor and material of all contracts. As contracts can extend over one or more accounting periods, revisions in earnings estimated during the course of work are reflected during the accounting period in which the facts become known. When the current contract estimate indicates a loss, a provision is made for the total anticipated loss in the period in which the facts become known. Management evaluates many variables and makes various assumptions related to the estimation of total cost of completion of long-term contracts. Management reviews the progress and performance of all contracts monthly.


Revenue for other products and services is recognized when such products and services are delivered or performed and, in connection with certain sales to certain customers, when the products and services are accepted, which is normally negotiated as part of the initial contract. Revenue from commercial, non-Governmental customers has historically been based on fixed price contracts where the sale is recognized upon acceptance of the product or performance of the service and when payment is probable. Contract costs are accumulated in the same manner as inventory costs and are charged to operations as the related revenue from contract is recognized. When the current contract estimate indicates a loss, a provision is made for the total anticipated loss in the period in which the facts become known.



   Company Address: 9070 S. Rita Road Tucson 85747 AZ
   Company Phone Number: 628-7415   Stock Exchange / Ticker: NONE AERG
   AERG is expected to report next financial results on March 28, 2024.


   

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Applied Energetics Inc

Impressive Third Quarter 2023 Earnings Propel AERG into New Heights

Applied Energetics Inc: Impressive Revenue Growth and Rising Demand Signals Strong Future
Applied Energetics Inc, a leading Aerospace & Defense company, recently announced its third-quarter earnings for 2023, revealing a surge in revenue by an impressive 24.45% to $0.71 million compared to the same period in the previous year. Although the company experienced Diminishing Returns at $-0.01 per share, its revenue growth of 27.3% from $0.56 million surpasses its sector contemporaries, who reported a growth rate of 9.34%.
The remarkable revenue growth is a testament to Applied Energetics Inc's strong position in the Aerospace & Defense sector. While its competitors are struggling to uplift their top-line figures, Applied Energetics Inc stands out as an industry leader, showing consistent growth and profitability.

Applied Energetics Inc

Applied Energetics Inc Reports Declining Financial Health with Revenue of $0.486678 Million in Q1 2023

Applied Energetics Inc: A Look at the Financials
Applied Energetics Inc, a company that specializes in developing and manufacturing lasers and electro-optical systems, has recorded a net loss of $6 million during the 12 months ending in the first quarter of 2023. This has resulted in a negative return on assets of -176.91%. Meanwhile, 381 other companies within the technology sector have recorded a better return on assets.
Return on assets (ROA) is an important financial indicator that measures a company's profitability by dividing its net income by its total assets. The lower the ROA, the less efficient a company is at generating profits from its assets. Applied Energetics Inc's negative ROA suggests that the company may be struggling to generate profits from its assets.
In the first quarter of 2023, Applied Energetics Inc reported revenue of $0.486678 million. However, the company recorded a net deficit of $-1.938 million - an increase from the net deficit of $-1.662 million that the company recorded in the same quarter a year ago. This suggests that the company's financial health has continued to decline.






 

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