Society Pass Q2 Sales $2.19M Miss $2.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Society Pass (NASDAQ:SOPA) reported Q2 sales of $2.19 million, missing the analyst consensus estimate of $2.66 million by 17.77%. However, this represents a 338.27% increase over sales of $499.06 thousand in the same period last year.
August 10, 2023 | 12:39 pm
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NEUTRAL IMPACT
Society Pass's Q2 sales missed estimates, which could negatively impact investor sentiment. However, the significant YoY increase may offset some of this impact.
While the missed estimates could lead to a negative reaction from investors, the strong YoY growth indicates that the company's overall performance is improving, which could mitigate some of the negative impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100