Alexco Reports Second Quarter 2019 Results
Alexco Resource Corp Common Shares (Canada) (AXU)
NASDAQ:AMEX Investor Relations:
alexcoresource.com/investors/overview-1
Company Research
Source: PR Newswire
(All amounts in CDN$ unless otherwise indicated) VANCOUVER, Aug. 13, 2019 /PRNewswire/ - Alexco Resource Corp. (NYSE-American: AXU) (TSX: AXU) ("Alexco" or the "Company") today reports financial results for the quarter ended June 30, 2019. For the second quarter of 2019 ("Q2 2019") Alexco recorded a net loss of $1.5 million ("M") or ($0.01) per share. Alexco Environmental Group ("AEG"), a wholly owned subsidiary of Alexco, recognized revenues of $8.7 M with a gross profit of $2.0 M. Q2 2019 HighlightsCORPORATEOverall, Alexco reported net loss of $1.5 M or $(0.01) per share for Q2 2019 and a loss before tax expense of $1.4 M including net non-cash income adjustments of $227,000. In the same period for 2018 the Company incurred a loss before taxes of $1.8 M or $(0.02) per share, including non-cash costs of $440,000. The decrease in net loss in the 2019 period compared to the 2018 period was mainly attributed to an increase in the non-cash fair value gain of $1.0 M on the embedded deriv
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