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Atlantic American Corp  (AAME)
Other Ticker:  
 
    Sector  Financial    Industry Life Insurance
   Industry Life Insurance
   Sector  Financial


 

Atlantic American Corp

AAME's Financial Statements and Analysis



Atlantic American Corp increased first quarter of 2024 net loss per share of $-0.10 compare to net loss per share of $-0.08 recorded in the same quarter a year ago and improved compare to net loss per share of $-0.14 realized in previous quarter.


first quarter of 2024
Earnings Per Share Revenues
$ -0.1 $  47 Mill
$-0.02     $+1M     +1.57 %



Atlantic American's Revenue rose by 1.57 % in first quarter of 2024 (Mar 31 2024) year on year, to $47 million and advanced by 0.54 % sequentially.


Atlantic American is Expected to report next financial results on June 29, 2024.

More on AAME's Income Statement



Atlantic American in the first quarter of 2024 recorded net loss of $-1.998 million, an increase from net loss of $-1.446 million in I. Quarter a year ago.

Sequentially net loss narrowed from net loss of $-2.228 million realized in previous quarter.

More on AAME's Growth

Atlantic American Inventories
In Mar 31 2024 company's net cash and cash equivalents decreased by $-7 million, capital expenditures grew by -0.059-33.90%, to $0 millions compare to same quarter a year ago

More on AAME's Cash flow Statement


Atlantic American Corp payed out dividend of $0.02 per share in last 52 weeks

In trailing twelve-month period Atlantic American Corp earned $ 0.43 cash per share, on a free-cash flow basis .

Book value fell by -13.17 % sequentially to $4.90 per share, -920.71% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 4.78 per share from $ 5.51.

Company issued 1.97 million shares or 10.37 % in Mar 31 2024.
Interest Coverage Ratio was 0.63. Debt Coverage Ratio was 0.65.

More on AAME's Dividends

 Market Capitalization (Millions) 36
 Shares Outstanding (Millions) 21
 Total Debt (Millions $) 4
 Revenue (TTM) (Millions $) 188
 Net Income (TTM) (Millions $) -1
 Cash Flow (TTM) (Millions $) 8
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0.02 $
 Dividend Yield TTM (%) 1.16 %
 Employees (TTM) $ 147




Atlantic American Corp payed out dividend of $0.02 per share in the last 52 weeks

In trailing twelve-month period Atlantic American Corp had $ 0.43 cash flow per share, on a free-cash flow basis .

Book value fell by -13.17 % sequentially to $4.90 per share, -920.71% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 4.78 per share from $ 5.51.

Company issued 1.97 million shares or 10.37 % in Mar 31 2024.
Interest Coverage Ratio was 0.63. Debt Coverage Ratio was 0.65.

More on AAME's Balance Sheets

 Market Capitalization (Millions) 36
 Shares Outstanding (Millions) 21
 Total Debt (Millions $) 4
 Revenue (TTM) (Millions $) 188
 Net Income (TTM) (Millions $) -1
 Cash Flow (TTM) (Millions $) 8
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0.02 $
 Dividend Yield TTM (%) 1.16 %
 Employees (TTM) $ 147
   


  News about Atlantic American Corp Earnings

Revenue Improvement Not Enough to Offset Shortfall: A Closer Look at Atlantic American Corp's First Quarter 2024 Performance

As an investor and avid follower of the financial markets, it is always interesting to analyze and interpret the latest financial results of companies. Today, I turn my attention to Atlantic American Corporation (Nasdaq- AAME) and their fiscal first quarter results for 2024.
The headline figures reveal that Atlantic American Corporation experienced a net loss in the first quarter of 2024, with a deficit of $2.0 million, or ($0.10) per common share. This represents a larger loss compared to the first quarter of 2023, where the deficit stood at $1.4 million, or ($0.08) per common share. This increase in net loss is primarily attributed to a decrease in premium revenue in the life and health operations, cou...

Atlantic American Corp Reports Fourth Quarter Net Loss in 2023 Earnings Season

Financial News Report:
Atlantic American Corp Reports Net Deficit and Declining Revenue in 2023
ATLANTA, April 01, 2024 - Atlantic American Corporation (Nasdaq- AAME) released its financial results for the year ended December 31, 2023, reporting a net loss of $0.2 million, or ($0.03) per diluted share. This is in comparison to a net income of $1.5 million, or $0.06 per diluted share, in the previous year.
The fourth quarter of 2023 proved to be particularly challenging for Atlantic American Corp, as they logged a net deficit of $2.2 million. This is a significant drop from the net proceeds of $1.046 million recorded in the same period last year. Operating earnings saw a sharp decline of 58.98% to...

Atlantic American Corp. Rides Wave of Success with Remarkable Profit Surge Throughout Q3 2023


As an investor closely monitoring the financial performance of Atlantic American Corporation (Nasdaq: AAME), I must assess the recent financial results and their implications. In the fiscal third quarter of 2023, the company reported positive earnings of $0.08 per share, representing a significant improvement compared to the loss of $0.04 per share recorded in the same period last year. Notably, the earnings per share remained consistent with the previous financial reporting period.
While the revenue contracted by -3.781% to $44.59 million compared to the same period last year, it is important to consider the wider economic context and the challenges faced by various industries during this time. Seq...

Atlantic American Corp Delivers Positive Turnaround, Surges Towards Profitability in Q2 2023

Atlantic American Corp, a life insurance company, experienced a positive turnaround in the April to June 30, 2023 span. The company reported earnings per share of $0.08, compared to a loss of $0.09 per share the previous year. Additionally, its income per share turned positive, improving from a loss of $0.08 per share in the preceding quarter. The company's revenue also saw a significant increase, rising by 10.117% to $49.19 million from $44.67 million in the same quarter a year before. Sequentially, revenue increased by 6.309% from $46.27 million.
However, despite these positive developments, Atlantic American Corp's top-line surge fell short of the 26.59% growth reported by the rest of the life insura...

Atlantic American Corp Plunged into Deficit in Q1 2023, Reporting a Loss of $0.08 per Share

Atlantic American Corp (AAME) recently reported disappointing financial results for the fiscal first quarter of 2023. The company slipped into a shortfall of $-0.08 per share, compared to $0.13 a year prior. Earnings per share also fell from $0.06 per share in the preceding reporting season. This decline in performance is a cause for concern for investors and analysts alike.
Furthermore, the revenue for the company decreased by a significant -10.345% to $46.27 million from $51.61 million in the same reporting season a year prior. While the revenue did increase sequentially by 2.295% from $45.23 million, it is still substantially lower compared to the previous year. This indicates a decline in the company...


Date modified: 2024-05-15T15:23:22+00:00





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