Reborn Coffee Q2 Sales $1.50M Up From $788.48K YoY, Net Loss $(1.3)M
Portfolio Pulse from Benzinga Newsdesk
Reborn Coffee (NASDAQ:REBN) reported Q2 sales of $1.50 million, a 90.24% increase from $788.48 thousand in the same period last year. However, the company also reported a net loss of $1.3 million.
August 14, 2023 | 12:40 pm
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NEUTRAL IMPACT
Reborn Coffee reported a significant increase in Q2 sales but also a net loss of $1.3 million.
While the increase in sales is a positive sign, the reported net loss could offset any potential gains. Investors may have mixed reactions to this news, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100