Vext Science Q1 Revenue Declines 15.6% YoY, What About Income?
Portfolio Pulse from Vuk Zdinjak
Vext Science reported Q1 2023 revenue of $9.1 million, a 15.6% decrease YoY, with a net income of $73,059 compared to $3.5 million in Q1 2022. The company's adjusted EBITDA was $2.9 million, down from $3.8 million in Q1 2022.
May 25, 2023 | 12:57 pm
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NEGATIVE IMPACT
Vext Science's Q1 2023 revenue declined 15.6% YoY, and net income dropped significantly to $73,059 from $3.5 million in Q1 2022. Adjusted EBITDA also decreased.
Vext Science's Q1 2023 financial results show a significant decline in revenue, net income, and adjusted EBITDA compared to Q1 2022. This negative performance may lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100