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ACRG (American Clean Resources Group) Net Income : $-1.38 Mil (TTM As of Mar. 2024)


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What is American Clean Resources Group Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. American Clean Resources Group's Net Income for the three months ended in Mar. 2024 was $-0.29 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.38 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. American Clean Resources Group's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $-0.02.


American Clean Resources Group Net Income Historical Data

The historical data trend for American Clean Resources Group's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

American Clean Resources Group Net Income Chart

American Clean Resources Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.68 -0.49 -1.13 -1.05 -1.29

American Clean Resources Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.20 -0.42 -0.30 -0.37 -0.29

American Clean Resources Group Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

American Clean Resources Group's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-1.409+0+0+0.119
=-1.29

American Clean Resources Group's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-0.29+0+0+0
=-0.29

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.38 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


American Clean Resources Group  (OTCPK:ACRG) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

American Clean Resources Group's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


American Clean Resources Group Net Income Related Terms

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American Clean Resources Group Business Description

Traded in Other Exchanges
N/A
Address
12567 West Cedar Drive, Suite 203, Lakewood, CO, USA, 80228-2039
American Clean Resources Group Inc is an exploration stage company that plans to be a custom processing and permitted toll milling service provider for minerals in the gold, silver, and platinum metal groups. The company seeks to provide toll milling and refining services by building a facility on its Tonopah property which includes an analytical lab, pyrometallurgical, and hydrometallurgical recovery plant.
Executives
Launch It, Llc 10 percent owner 950 SWAN STREET, LOUISVILLE KY 40204
Granite Peak Resources, Llc 10 percent owner 1712 PIONEER STREET, SUITE 1755, CHEYENNE WY 82011
Sharon Ullman director, 10 percent owner, officer: CEO, Chairman of the Board AFIGNIS LLC C/O CBIZ, 1065 AVENUE OF THE AMERICAS, 11TH FLR, NEW YORK NY 10018
J. Bryan Read director, officer: Interim CEO 815 RED EAGLE ROAD, OHATCHEE AL 36271
Jonathan Spier officer: Chief Operating Officer 611 WALNUT STREET, GADSDEN AL 35901
Pure Path Capital Management Company, Llc 10 percent owner 5348 VEGAS DRIVE, SUITE 623, LAS VEGAS NV 89108
James Brian Stieben director 611 WALNUT STREET, GADSDEN AL 35901
Joseph Rosamilia officer: Chief Financial Officer 611 WALNUT STREET, GADSDEN AL 35901
Tina Gregerson director, 10 percent owner, officer: Secretary 7 DEY STREET, SUITE 1503, NEW YORK NY 10007
Michael Markiewicz director, 10 percent owner 7 DEY STREET, SUITE 1503, NEW YORK NY 10007
Blair C Mielke director 618 N. BURKHARDT ROAD, EVANSVILLE IN 47715
Afignis Llc 10 percent owner C/O CBIZ, 1065 AVENUE OF THE AMERICAS, 11TH FLOOR, NEW YORK NY 10018
Leslie Lucas Partners Llc 10 percent owner C/O JAMES LISA, 618 NEWARK AVENUE, SUITE 220, JERSEY CITY NJ 07306
Manfred E Birnbaum director N93 W14475 WHITTAKER WAY, MENOMONEE FALLS WI 53051
Alfred A Rapetti director 234 BRAZILIAN AVE, PALM BEACH FL 33480