On the stock market since 2006, it operates in its own corner of the market. Now — the numbers.
The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.
The biggest line carries real weight, but it doesn’t decide everything on its own.
Average growth of 21% a year over the last 4 years. Red columns mark years that ended in a loss.
Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.
The stock trades near its peak today. For long-term holders the ride has paid off so far — though past performance guarantees nothing about the future.
Over the last 3 years, sales grew about 12% a year on average.
The company sells $5.8B a year; the problem isn’t sales — it’s costs running above that number.
A loss of $408.4M against $5.8B in annual sales.
At the current pace of spending, the cash lasts about 2.3 years. After that, the company needs to find new money.
On our five-subject report card, AFSI sits in the middle of the class: some subjects shine, others don’t. The grade moves as the numbers move.
The takeaway: AFSI has solid sales but closed last year at a loss. The road back to profit runs through spending discipline.