CORRECTION: Absci Q2 Adj $(0.22) Beats $(0.24) Estimate, Sales $3.37M Beat $2.44M Estimate
Portfolio Pulse from Happy Mohamed
Absci (NASDAQ:ABSI) reported Q2 adjusted losses of $(0.22) per share, beating the analyst consensus estimate of $(0.24) by 8.33%. This is a 31.25% increase over losses from the same period last year. The company also reported quarterly sales of $3.37 million, beating the analyst consensus estimate of $2.44 million by 37.99%, a 236.03% increase over sales from the same period last year.
August 14, 2023 | 2:33 pm
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Absci's Q2 results beat estimates with improved losses and significantly increased sales YoY.
Absci's Q2 results exceeded analyst estimates, with losses improving by 31.25% YoY and sales increasing by 236.03% YoY. This positive financial performance could lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100