VivoPower Annual Group Revenue From Continuing Operations Decline 33% Y/Y To $15.1M
Portfolio Pulse from Benzinga Newsdesk
VivoPower International PLC reported a 33% year-on-year decline in its annual group revenue from continuing operations to $15.1 million. The company's adjusted net after-tax loss narrowed to $14.2 million, and adjusted EPS to $0.58 per share, from a $19.1 million loss and $0.92 per share respectively for FY22.
October 02, 2023 | 9:05 pm
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VivoPower's annual revenue declined by 33% Y/Y, but its net after-tax loss and adjusted EPS improved compared to FY22.
The significant decline in VivoPower's annual revenue is a negative signal for investors, which could lead to a decrease in the company's stock price. However, the improvement in net after-tax loss and adjusted EPS might mitigate the negative impact to some extent.
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