Greenidge Generation Reports Preliminary Q3 Revenue Of Approximately $21M (Est. $22.6M), Net Loss From Continuing Operations Of $(7)M-$8)M
Portfolio Pulse from Benzinga Newsdesk
Greenidge Generation reported preliminary Q3 revenue of approximately $21M, which is lower than the estimated $22.6M. The company also reported a net loss from continuing operations of between $7M and $8M. Greenidge ended the quarter with approximately $10.7 million of cash and approximately $89.5 million of debt.
October 25, 2023 | 11:37 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Greenidge Generation's lower than expected Q3 revenue and reported net loss could negatively impact its stock price in the short term.
Companies that report lower than expected revenues and net losses are often viewed negatively by investors, which can lead to a decrease in the stock price. Greenidge's reported net loss and lower than expected revenue could therefore lead to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100