American Resources Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.033816 million compared to USD 0.003292 million a year ago. Revenue was USD 1.98 million compared to USD 16.2 million a year ago. Net loss was USD 0.999925 million compared to USD 2.44 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.04 a year ago.
For the six months, sales was USD 0.054425 million compared to USD 0.040519 million a year ago. Revenue was USD 10.85 million compared to USD 25.28 million a year ago. Net loss was USD 4.1 million compared to USD 5.2 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to USD 0.08 a year ago.