LiveWire Q1 FY23 Sales Decline 7.3% YoY, Here Are The Details
Portfolio Pulse from Vuk Zdinjak
LiveWire Ergogenics Inc. (OTCPK:LVVV) reported Q1 FY23 sales of $378,519, a 7.3% YoY decrease, but net profit increased by 1,436% to $179,300. The company's assets increased to $6.6 million, and it marked its fifth consecutive profitable quarter.
May 19, 2023 | 1:37 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
LiveWire Ergogenics reported a 7.3% YoY decrease in Q1 FY23 sales, but a 1,436% increase in net profit. The company's assets increased to $6.6 million, and it marked its fifth consecutive profitable quarter.
Although LiveWire Ergogenics reported a decline in sales, the significant increase in net profit and assets, as well as the fifth consecutive profitable quarter, indicate a mixed impact on the stock price. The decline in sales may be a concern for investors, but the overall financial performance shows resilience and growth potential.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100