C3is Q2 EPS $(0.11), Sales $1.70M
Portfolio Pulse from Benzinga Newsdesk
C3is (NASDAQ:CISS) reported Q2 losses of $(0.11) per share and sales of $1.70 million. The company's management estimated its Net Asset Value (NAV) to be $24.13 million, a 600% premium over its current market capitalization.
September 01, 2023 | 1:23 pm
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C3is reported Q2 losses and sales of $1.70 million. However, its estimated NAV is significantly higher than its current market cap.
C3is reported losses for Q2, which could negatively impact its stock price. However, the company's estimated NAV is significantly higher than its current market cap, which could be seen as a positive signal by investors. The overall impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100