MedAvail Holdings: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
MedAvail Holdings (NASDAQ:MDVL) reported Q1 earnings with an EPS of $-0.16, beating estimates by 23.81%. However, revenue was down $8.49 million compared to the same period last year.
May 18, 2023 | 9:15 pm
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MedAvail Holdings' Q1 earnings beat estimates with an EPS of $-0.16, but revenue was down $8.49 million YoY.
MedAvail Holdings beat earnings estimates, which could have a positive impact on the stock price. However, the decline in revenue compared to the same period last year may offset any potential gains, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100