MedAvail Holdings Q1 Sales $620.00K Beat $350.00K Estimate
Portfolio Pulse from Happy Mohamed
MedAvail Holdings reported Q1 sales of $620,000, beating the analyst consensus estimate of $350,000 by 77.14%. However, this is a 93.20% decrease compared to the same period last year.
May 18, 2023 | 8:02 pm
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NEUTRAL IMPACT
MedAvail Holdings' Q1 sales surpassed estimates by 77.14% but experienced a 93.20% YoY decrease.
MedAvail Holdings' Q1 sales beat analyst estimates, which is a positive sign for investors. However, the significant YoY decrease in sales may offset the positive impact, resulting in a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100