HELIX ENERGY SOLUTIONS GROUP INC [HLX] has reported a net loss of $10,838,000.0 for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $1.3 billion
Based in HOUSTON, Texas, HELIX ENERGY SOLUTIONS GROUP INC operates in the MINING sector.
In the financial report comparing the annual results for the 12 months ended December 31, 2023, with the same period in 2022 and 2021, the following key figures were observed:
Net revenues for the year 2023 amounted to $1.29 billion, showing a significant increase from $873.1 million in 2022 and $674.7 million in 2021.
Cost of sales stood at $1.09 billion in 2023, compared to $822.5 million in 2022 and $659.3 million in 2021.
The gross profit for 2023 was reported at $200.4 million, marking a notable improvement from $50.6 million in 2022 and $15.4 million in 2021.
Income from operations in 2023 surged to $63.5 million, a stark contrast to a loss of $44.9 million in 2022 and $48.7 million in 2021.
Net loss for the period in 2023 was $10.8 million, a reduction from a net loss of $87.8 million in 2022 and $61.7 million in 2021.
The loss per share of common stock for the year 2023 was reported at $(0.07) for both basic and diluted, showing improvement from $(0.58) in 2022 and $(0.41) in 2021.
It is essential to note the positive trend across the financial performance indicators, indicating growth and improvement in the company's operations during the period under review.
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