Arcimoto Q2 EPS $(1.71) Down From $(0.39) YoY, Sales $1.76M Up From $1.50M YoY
Portfolio Pulse from Happy Mohamed
Arcimoto reported Q2 losses of $1.71 per share, a 338.46% decrease YoY. However, the company's sales increased by 17.41% to $1.76 million compared to the same period last year.
August 24, 2023 | 6:41 pm
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NEGATIVE IMPACT
Arcimoto's Q2 earnings report shows a significant YoY decrease in EPS, but an increase in sales.
The significant YoY decrease in EPS indicates a worsening financial performance, which could negatively impact the stock price. However, the increase in sales could offset some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100