Demo
ADRT NYSE AM· Ault Disruptive Technologies Corp
FundamentalsNews digest Peer analysis
Login
ADRT NYSE AM· Ault Disruptive Technologies Corp
Earnings report Q3 2023

AULT DISRUPTIVE TECHNOLOGIES CORPORATION Reports Decrease in Revenue for the Latest Quarter

Segments of Revenue

AULT DISRUPTIVE TECHNOLOGIES CORPORATION (ADRT) reported a decrease in revenue for the latest quarter. The company's revenue for the three months ended September 30, 2023, was $213,305, compared to $218,893 in the same period last year. This represents a decline of approximately 2.5% year-over-year.

Strengths

Despite the decrease in revenue, ADRT's management highlighted several strengths in their financial performance. They mentioned that the decline in revenue was primarily due to lower sales in one of their segments, which was partially offset by growth in other segments. This indicates that the company has a diversified revenue stream and is not solely reliant on one segment for its revenue generation.

Challenges

The decrease in revenue for the latest quarter poses a challenge for ADRT. The company needs to address the factors that led to the decline in sales in one of their segments. It is crucial for ADRT to identify the reasons behind this decline and take appropriate measures to mitigate the impact on their overall revenue.

Noteworthy

It is worth mentioning that ADRT reported a net income of $14,568 for the latest quarter, compared to $161,560 in the same period last year. This significant decrease in net income can be attributed to the decline in revenue and higher provision for income taxes. ADRT's management should closely monitor their expenses and tax obligations to improve their profitability.

Summary

AULT DISRUPTIVE TECHNOLOGIES CORPORATION experienced a decrease in revenue for the latest quarter, primarily due to lower sales in one of their segments. However, the company demonstrated strengths in its diversified revenue stream, with growth observed in other segments. ADRT's management needs to address the challenges posed by the decline in revenue and take appropriate measures to improve their financial performance. The significant decrease in net income highlights the importance of closely monitoring expenses and tax obligations to enhance profitability.

Source documents

Form 10-Q  filed on Nov 17, 2023
12 pages scanned

Reference data

Company financials Q3 revenue 0
Analyst estimates Q3 EPS missed by NaN%
Sign up to Fey

Get in-depth analysis on thousands of stocks for just $30/month. Cancel anytime.