RiceBran Tech Q2 EPS $(0.27) Up From $(0.50) YoY, Sales $6.27M Down From $10.19M YoY
Portfolio Pulse from Benzinga Newsdesk
RiceBran Tech reported Q2 losses of $0.27 per share, a 46% improvement from $0.50 per share losses last year. However, sales decreased by 38.48% to $6.27 million from $10.19 million in the same period last year.
August 21, 2023 | 8:21 pm
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NEUTRAL IMPACT
RiceBran Tech's Q2 report shows improved losses but decreased sales compared to last year.
While the company has managed to reduce its losses, the significant drop in sales could be a concern for investors. The mixed results make the short-term impact on the stock uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100