Volcon Q2 Sales $519.00K Miss $1.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Volcon (NASDAQ:VLCN) reported Q2 sales of $519.00 thousand, missing the analyst consensus estimate of $1.90 million by 72.68 percent. This represents a 78.08 percent decrease from the same period last year.
August 11, 2023 | 8:08 pm
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NEGATIVE IMPACT
Volcon's Q2 sales significantly missed analyst estimates and decreased substantially from the same period last year.
Volcon's Q2 sales were significantly below analyst estimates, which is likely to negatively impact investor sentiment and potentially the stock price. Additionally, the substantial YoY decrease in sales could further dampen investor confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100