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Anaergia, Inc. (TSE:ANRG)
TSX:ANRG
Earnings Data
Report Date
Mar 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.45Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 1.85%
|Next Earnings Date:Mar 31, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive strategic direction and financial improvements under new leadership. While there is a decline in revenue due to project timing, the company's operational and financial adjustments are yielding positive results. The strategic investments, improved cash position, and ongoing projects suggest a strong foundation for future growth.Company Guidance
During Anaergia's Q3 2024 earnings call, Assaf Onn, the CEO, highlighted several key metrics demonstrating the company's strategic shift towards a capital-light model. Adjusted EBITDA showed a significant improvement of 42%, increasing from CAD 11.1 million to CAD 6.4 million, reflecting operational efficiencies. The company's net loss decreased notably, with a cash position bolstered to CAD 40.2 million due to strategic investments, such as the Marny investment, which also improved the company's financial base. Revenue for Q3 2024 was CAD 29 million, down from CAD 34 million in Q3 2023, primarily due to the completion of Italian Capital Sales projects and delays in new project signings. However, net SG&A expenses decreased by 19.2% compared to the previous year. The company is focusing on sustainable growth, with new projects in California, South Korea, and the U.S., supported by favorable market conditions driven by incentives like the U.S. Inflation Reduction Act and Europe's RePower EU program.Leadership and Strategic Shift
Anaergia introduced new leadership with Assaf Onn as CEO, Greg Wolf as CFO, and Scott Hodgdon as General Counsel. The company is shifting towards a refined sales and project development approach with a focus on a capital-light model.
Improved Financial Performance
Adjusted EBITDA improved by 42% from CAD 11.1 million to CAD 6.4 million this quarter. Loss from operations was substantially reduced year-over-year, and the net loss decreased significantly.
Strong Cash Position
Cash position increased to CAD 40.2 million, primarily due to the strategic investment from Marny, strengthening Anaergia's financial base.
Strategic Investments and Governance Improvements
Closed the Marny investment and completed a share restructuring simplification, converting dual-class shares into a single class to improve governance and align shareholder interests.
Operational Highlights and New Projects
Notable projects include the Riverside water quality control plant upgrade for CAD 13.3 million and the Jeju Island, South Korea project under a letter of intent for CAD 25 million. Anaergia also expanded its presence in Japan and Africa.
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TSE:ANRG 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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TSE:ANRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | C$1.08 | C$1.00 | -7.41% |
| Aug 09, 2024 | C$0.48 | C$0.49 | +2.08% |
| Nov 14, 2023 | C$0.30 | C$0.29 | -3.33% |
| Aug 14, 2023 | C$1.15 | C$0.52 | -54.78% |
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 Anaergia, Inc. (TSE:ANRG) report earnings?
Anaergia, Inc. (TSE:ANRG) is schdueled to report earning on Mar 31, 2025, TBA Not Confirmed.
What is Anaergia, Inc. (TSE:ANRG) earnings time?
Anaergia, Inc. (TSE:ANRG) earnings time is at Mar 31, 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 TSE:ANRG EPS forecast?
TSE:ANRG EPS forecast for the fiscal quarter 2024 (Q4) is -0.06.
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