IDEX Biometrics Q1 EPS $(0.01) Beats $(0.41) Estimate, Sales $1.24M Miss $1.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
IDEX Biometrics reported Q1 losses of $(0.01) per share, beating the analyst consensus estimate of $(0.41) by 97.56%. However, quarterly sales of $1.24 million missed the estimate of $1.50 million by 17.33%, but increased 25.38% YoY.
May 23, 2023 | 7:48 am
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IDEX Biometrics Q1 earnings beat estimates, but sales missed expectations. Sales increased 25.38% YoY.
IDEX Biometrics reported better-than-expected Q1 earnings per share, but sales missed estimates. The mixed results may lead to a neutral short-term impact on the stock price. The 25.38% YoY sales increase is a positive sign, but the missed sales estimate may offset the positive earnings surprise.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100