ParaZero Technologies 1H 2023 EPS $(0.12) Vs $(0.31) YoY; Revenue $344,819 Vs $145,093 YoY
Portfolio Pulse from Benzinga Newsdesk
ParaZero Technologies reported H1 2023 financial results with revenues of $344,819, a 137% increase YoY. Gross profit for H1 2023 was $150,714, compared to $16,658 in H1 2022. R&D expenses, sales and marketing expenses, and general and administrative expenses all decreased YoY. The company also reported a net loss of $433,324, or $0.12 per share, compared to a net loss of $948,376, or $0.31 per share, in the same period last year. The company closed its $7.8 million IPO on July 31, 2023.
September 22, 2023 | 1:26 pm
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ParaZero Technologies reported improved H1 2023 financial results with increased revenues and decreased expenses. The company also closed its $7.8 million IPO.
The improved financial results, with increased revenues and decreased expenses, indicate a positive trend for ParaZero Technologies. The successful closure of its IPO also adds to the company's financial strength, which could potentially attract more investors, driving the stock price up in the short term.
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