icad Q2 Adj $(0.07) Up From $(0.12) YoY, Sales $5.87M Down From $7.58M YoY
Portfolio Pulse from Benzinga Newsdesk
icad (NASDAQ:ICAD) reported Q2 losses of $(0.07) per share, a 41.67% improvement from $(0.12) per share last year. However, sales decreased by 22.57% to $5.87 million from $7.58 million in the same period last year.
August 14, 2023 | 8:32 pm
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NEUTRAL IMPACT
icad's Q2 earnings show a decrease in losses but a significant drop in sales compared to the same period last year.
While icad has managed to decrease its losses, the significant drop in sales could be a concern for investors. The mixed results make it difficult to predict the short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100