Earnings Alert – ARC Group Worldwide (NASDAQ:ARCW) revenue was $25.5M Net loss was $2.8M

ARC Group Worldwide, Inc. (NASDAQ:ARCW) saw its stock move of +0.00%, representing a per-share move of +0.00 points, on trading volume of 10.18 thousand shares for the Monday and exchanged 18.8 thousand shares on average. ARC Group Worldwide, Inc. now has a 50-day SMA of $3.77 and 200-day SMA of $4.21 while its closing price was ended to $3.10. Its previous close was at $3.10. ARC Group Worldwide, (ARCW) stock stands -18.33% away from its 50-day simple moving average and also -17.03% away from the 200-day average. Recently, the company stands -46.22% away from the 52-week high and 62.68% from the 52-week low. The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 35.90.

ARC Group Worldwide, Inc. (ARCW) recently reported its results for the period ending April 2, 2017, its fiscal third quarter 2017.

Fiscal third quarter 2017 revenue was $25.5 million as compared to $24.9 for the fiscal third quarter of 2016.  The growth in sales was primarily driven by higher MIM sales across multiple industries.

Gross profit for the period was $3.1 million compared to $5.0 million for the prior year period.  The primary reason for the decrease in gross profit was due to increased development expenses associated with the ramping up of production for significant new products in the firearms and defense industry, which resulted in increased staffing levels and associated labor costs, along with higher scrap.

Facility EBITDA from Continuing Operations for the fiscal third quarter was $2.0 million compared to the prior year period of $3.9 million.  Facility EBITDA from Continuing Operations decreased as a result of the aforementioned start-up costs associated with the new program launches.

Net loss was $2.8 million for the fiscal third quarter compared to net loss of $0.3 million in the prior year period.

A look at performance overview of ARC Group Worldwide, (ARCW) depicts that Performance for Week is -1.54% while Performance for Month is -20.99%. Quarterly performance shows a value of -28.09% and Half Year Performance value stands at -18.99%. Analyst mean rating score for this stock stands at 2.50.

ARC Group Worldwide, Inc. (NASDAQ:ARCW) started its session at $3.10 and traded between a day low of $3.10 and a day high of $3.15. Wall Street analysts have a consensus target price of $5.25 on the stock. Target Price predictions might differ vastly from analyst to analyst. This target is applying estimates from analysts polled at Thomson Reuters.

ARC Group Worldwide, Inc. is a manufacturing company. The Company has four segments: Precision Components Group, 3DMT Group, Flanges and Fittings Group, and Wireless Group. It provides a set of manufacturing solutions, from design and prototyping through production. Through the Company’s product offering, it provides its customers with a prototyping and production solution for both precision metal and plastic fabrication.

About the Author

Jacob Roark
Jacob Roark
Jacob Roark also covers the business news across all market sectors for mostvolatilestocks.com. He also has an enormous knowledge of stock market.  Jacob holds an MBA degree from University of Florida. He has more than 10 years of experience in writing financial and market news. He previously worked at a number of companies in different role including web developer, software engineer and product manager. He currently covers Business news section for mostvolatilestocks.com. Email Contact - Jacob@mostvolatilestocks.com.

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