374Water Q2 EPS $(0.01), Same YoY, Sales $49.86K Down From $1.03M YoY
Portfolio Pulse from Benzinga Newsdesk
374Water (NASDAQ:SCWO) reported Q2 earnings per share (EPS) of $(0.01), unchanged from the same period last year. However, the company's sales significantly decreased by 95.16% to $49.86K from $1.03M YoY.
August 09, 2023 | 12:09 pm
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NEGATIVE IMPACT
374Water's Q2 earnings remained stable YoY, but a significant decrease in sales could negatively impact the company's stock.
While 374Water's earnings per share remained stable, the significant decrease in sales indicates a potential issue with the company's revenue generation. This could lead to a negative investor sentiment, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100