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For the nine months ended 30 September 2019, Avesoro Resources Inc revenues decreased 38% to $139.1M. Net loss increased from $12M to $47.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Wages & Salaries increase of 22% to $2.1M (expense), Derivative liability gain decrease from $104K (income) to $0K.
Period Ending: | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 |
---|---|---|---|---|
Total Revenue | 31.24 | 48.01 | 59.88 | 57.65 |
Gross Profit | -7.35 | -12.51 | -3.62 | -5.42 |
Operating Income | -13.42 | -15.2 | -8.63 | -11.23 |
Net Income | -16.61 | -18.51 | -11.94 | -17.9 |
Period Ending: | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 |
---|---|---|---|---|
Total Assets | 275.1 | 285.75 | 299.36 | 310.09 |
Total Liabilities | 225.85 | 220.55 | 215.84 | 215.13 |
Total Equity | 49.26 | 65.2 | 83.51 | 94.96 |
Period Ending: | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | 15.78 | 10.15 | 5.12 | 73.15 |
Cash From Investing Activities | -21.61 | -13.73 | -7.72 | -44.71 |
Cash From Financing Activities | 8.64 | 4.48 | 8.46 | -42.43 |
Net Change in Cash | 2.8 | 0.88 | 5.8 | -14.27 |
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