Vicinity Motor Q2 EPS $(0.02) Up From $(0.10) YoY, Sales $4.82M Down From $11.74M YoY
Portfolio Pulse from vinayak@benzinga.com
Vicinity Motor (NASDAQ:VEV) reported Q2 losses of $(0.02) per share, an 80% improvement from $(0.10) per share YoY. However, sales decreased by 58.98% to $4.82 million from $11.74 million YoY.
August 14, 2023 | 8:42 pm
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NEUTRAL IMPACT
Vicinity Motor reported an 80% improvement in EPS losses but a significant decrease in sales YoY.
While the improvement in EPS losses is a positive sign, the significant decrease in sales could be a concern for investors. This mixed result makes the short-term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100