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Atlantic Sapphire Asa (AASZF)
:AASZF
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Earnings Data
Report Date
Apr 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Sep 19, 2019
|% Change Since: -85.71%
|Next Earnings Date:Apr 12, 2019
Earnings Call Sentiment|Neutral
The earnings call reflects a company in transition, with significant improvements in farm performance and stability. Financially, they maintain a strong liquidity position, and their market positioning is promising. However, challenges remain, including higher-than-expected maturation levels affecting biological performance and pricing strategies impacting revenue. While there are headwinds, the outlook is cautiously optimistic with the Phase 2 expansion underway.Company Guidance
In the Q4 2023 earnings call for Atlantic Sapphire, executives Johan Andreassen and Karl Øyehaug highlighted significant improvements in farm performance, largely due to critical infrastructure upgrades. The farm achieved stable farming conditions with a biomass growth rate exceeding 29% monthly for post-Q3 batches. Feeding and feed conversion ratios improved significantly, with biological and economic feed conversions at 1 and 1.1, respectively, for post-Q3 batches. The farm maintained optimal temperatures around 14°C, following enhancements to the chiller system. Financially, the company ended 2023 with $38 million in cash and a liquidity range of $48 million to $55 million, factoring in the revolving credit facility. They plan to raise $35 million in new equity to support Phase 1 operations and are considering debt amendments to extend liquidity. Atlantic Sapphire is focused on achieving a steady-state production with a target average price of $12 per kilo, supported by premium pricing strategies and expanded retail presence.Improvement in Farm Performance
The company has completed critical infrastructure upgrades, resulting in stable farming conditions, a decrease in mortalities, and improved feed conversion ratios.
Stable Temperature and Growth Conditions
Farm temperatures are now stable at around 14 Celsius, with new rental chillers functioning as expected, leading to improved biomass growth and quality of salmon.
Financial Position and Liquidity
The company ended 2023 with $38 million in cash and total liquidity between $48 million and $55 million, including revolving credit facilities.
Phase 2 Expansion and Cost Management
Phase 2 expansion is underway, expected to double capacity to 25,000 tons while maintaining acceptable cost structures. The fixed cost base is expected to support both phases efficiently.
Atlantic Sapphire's Market Position
The company is well-positioned in the U.S. salmon market, aiming to capture significant market share with environmental and economic advantages, including premium pricing potential.
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AASZF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AASZF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 20, 2024 | $0.07 | $0.05 | -28.57% |
| Apr 18, 2024 | $0.11 | $0.13 | +18.18% |
| Aug 24, 2023 | $0.55 | $0.54 | -1.82% |
| Apr 20, 2023 | $0.67 | $0.66 | -1.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Atlantic Sapphire Asa (AASZF) report earnings?
Atlantic Sapphire Asa (AASZF) is schdueled to report earning on Apr 11, 2025, TBA Not Confirmed.
What is Atlantic Sapphire Asa (AASZF) earnings time?
Atlantic Sapphire Asa (AASZF) earnings time is at Apr 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AASZF EPS forecast?
Currently, no data Available
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