Applied UV Posts Mixed Q2 Earnings, Reaffirms FY23 Outlook
Portfolio Pulse from Lekha Gupta
Applied UV Inc reported Q2 FY23 revenue of $10.84 million, up 83.6% Y/Y, missing the consensus of $11.40 million. The company's Disinfection/Healthy Building Technologies segment revenue rose $4.0 million Y/Y, and the Hospitality segment revenue grew $0.9 million Y/Y. Gross profit increased 84.8% Y/Y to $2.4 million. The company reaffirmed FY23 revenue of $45 million vs. the consensus of $43.3 million.
August 21, 2023 | 1:33 pm
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Applied UV Inc reported a Q2 FY23 revenue increase but missed the consensus. The company reaffirmed its FY23 revenue outlook.
Applied UV Inc's Q2 revenue increased significantly but missed the consensus, which might have mixed effects on the stock price. The reaffirmation of the FY23 revenue outlook could provide some stability.
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IMPORTANCE 75
RELEVANCE 100