Applied Energetics (OTCMKTS:AERG) Releases Earnings Results

Applied Energetics (OTCMKTS:AERG) released its quarterly earnings data on Monday. The company reported ($0.02) earnings per share for the quarter, Zacks reports. Applied Energetics had a negative net margin of 1,127.41% and a negative return on equity of 919.47%. The firm had revenue of $0.07 million during the quarter.

Applied Energetics Stock Performance

OTCMKTS AERG opened at $1.26 on Tuesday. Applied Energetics has a one year low of $0.61 and a one year high of $2.99. The company’s 50 day moving average price is $1.31 and its 200 day moving average price is $1.59. The firm has a market capitalization of $282.04 million, a price-to-earnings ratio of -25.20 and a beta of 1.03.

About Applied Energetics

Applied Energetics, Inc is a technology company specializing in the research, development and manufacturing of directed energy systems for defense and security applications. Headquartered in Tucson, Arizona, the company focuses on high power microwave (HPM) and high energy laser (HEL) technologies designed to neutralize or disable targets at the speed of light. Applied Energetics’ platforms are engineered to address evolving threats such as unmanned aerial systems, electronic attack scenarios and counter‐personnel defense.

The company’s product portfolio includes pulsed power modules, microwave amplifiers and laser beam directors that can be integrated into ground, air or sea‐based systems.