Fathom Digital Mfg Q2 Sales $34.47M Beat $33.12M Estimate, Adj. Net Loss Of $(5.67)M Vs Net Income Of $1.50M
Portfolio Pulse from Benzinga Newsdesk
Fathom Digital Mfg (NYSE:FATH) reported Q2 sales of $34.47 million, beating the analyst consensus estimate of $33.12 million by 4.09 percent. However, this represents a 17.89 percent decrease from the same period last year. The company also reported an adjusted net loss of $5.67 million, compared to a net income of $1.50 million last year.
August 14, 2023 | 11:09 am
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Fathom Digital Mfg's Q2 sales exceeded estimates but are down YoY. The company also reported a net loss, indicating potential financial difficulties.
Fathom Digital Mfg's Q2 sales beat estimates, which is a positive sign. However, the YoY decrease in sales and the reported net loss could indicate financial difficulties, which may negatively impact the stock price in the short term.
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