Archer Materials Limited (ASX:AXE) Annual Report 2020



The latest annual report of Archer Materials Limited (AXE) was published on 30 Jun 2020. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - AXE Annual Results

Amounts in AUD

Total Revenue
242.2k
Gross Profit
242.2k
EBIT
-2.88M
Net Tangible Assets
24.45M
Net Income
-2.82M
Capital Expenditures
-1.01M

AXE Income Statement 2020 Annual Report

As per the latest Income Statement of AXE, the Net revenue increased by $144597 (148%) compared to the previous period. The operating income in 2020 decreased by $-1.14M (-65%). The net income as per the annual report was -2.82M which decreased by $-1.08M (-62%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue242.2k97.6k
Gross Profit242.2k20.8k
Operating Income-2.88M-1.74M
Income Before Tax-3.04M-1.84M
Net Income-2.82M-1.74M

Balance Sheet - AXE 2020 Annual Report

Read further: AXE Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Archer Materials Limited showed the company increased the cash on balance sheet by $7.42M (1066%). The Net tangible assets of AXE on the balance sheet were at 24.45M which is $6.77M (38%) more than previous annual report. The total stockholder equity also increased by $6.79M (38%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash8.11M695.75k
Total Assets25.26M 18.38M
Long Term Debt--
Total Liabilities717.86k 631.96k
Total Shareholder Equity24.54M17.75M
Net Tangible Assets24.45M17.68M

Cash Flow Statement - AXE 2020 Annual Report

The 2020 annual cash flow statement of Archer Materials Limited showed that the net income decreased by $-1.08M (-62%) compared to previous reporting period. Also the capital expenditure of AXE increased by $16465 (2%).

As of 2020, the total cash from investing activities was 308.35k and total cash from financing activities was 8.61M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-2.82M-1.74M
Capital Expenditures-1.01M-1.03M
Dividends Paid--
Total Cash From From Investing Activities308.35k-849.07k
Total Cash From From Financing Activities8.61M383.91k

Archer Materials Limited Annual Report History

Income Statement

Income Statement history of Archer Materials Limited (ASX:AXE)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue242.2k97.6k149.19k64.03k
Cost Of Revenue-76.8k--
Gross Profit242.2k20.8k149.19k64.03k
Research Development465.92k129.71k129.71k129.71k
Selling General Administrative2.02M1.2M1.11M666.94k
Non Recurring----
Other Operating Expenses262.65k252.1k257.55k187.36k
Total Operating Expenses3.12M1.84M1.49M872.78k
Operating Income-2.88M-1.74M-1.34M-808.75k
Total Other Income Expense Net-164.24k-97.53k-310.27k-86.18k
Ebit-2.88M-1.74M-1.34M-808.75k
Interest Expense----
Income Before Tax-3.04M-1.84M-1.65M-894.94k
Income Tax Expense-238.86k-102.42k-58.64k-269.84k
Minority Interest----
Net Income From Continuing Ops-2.8M-1.74M-1.59M-625.09k
Discontinued Operations-13.74k-845-262.6k-34.77k
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-2.82M-1.74M-1.85M-659.86k
Net Income Applicable To Common Shares-2.82M-1.74M-1.85M-659.86k

Balance Sheet Statement

Balance Sheet Statement history of Archer Materials Limited (ASX:AXE)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash8.11M695.75k2.75M1.53M
Net Receivables324.73k146.04k99.51k204.41k
Other Current Assets1.58M2.77M3.66M-
Total Current Assets10.04M3.75M6.6M1.74M
Property Plant Equipment15.13M14.56M12.89M15.38M
Intangible Assets89.99k68.62k52.4k-
Total Assets25.26M18.38M19.54M17.13M
Accounts Payable124.48k170.25k93.29k145.2k
Other Current Liab333.77k313.39k274.32k160.38k
Other Liab41.97k22.48k11.45k5.3k
Total Current Liabilities675.89k609.48k511.45k391.2k
Total Liab717.86k631.96k522.9k396.5k
Common Stock32.49M23.87M23.25M19.52M
Retained Earnings-9.18M-6.39M-4.74M-2.89M
Treasury Stock1.24M264.7k503.63k102.59k
Other Stockholder Equity1.24M264.7k503.63k102.59k
Total Stockholder Equity24.54M17.75M19.01M16.73M
Net Tangible Assets24.45M17.68M18.96M16.73M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of Archer Materials Limited (ASX:AXE)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-2.82M-1.74M-1.85M-659.86k
Depreciation372.17k152.29k366.87k20.07k
Change To Netincome869.59k199.15k323.94k97.58k
Change To Account Receivables-62.16k-117.12k75.59k-179.37k
Change To Liabilities24.42k-77.69k86.95k-119.06k
Change To Operating Activities111.29k-6.97k64.37k30.17k
Total Cash From Operating Activities-1.5M-1.59M-936.8k-810.48k
Capital Expenditures-1.01M-1.03M-1.62M-1.42M
Total Cashflows From Investing Activities308.35k-849.07k-1.57M-1.42M
Total Cash From Financing Activities8.61M383.91k3.73M1.77M
Change In Cash7.42M-2.05M1.22M-455.09k
Issuance Of Stock8.61M400.71k3.73M1.89M
Dividends Paid----