374Water Q3 EPS $(0.01), Same YoY, Sales $12.29K Down From $922.72K YoY
Portfolio Pulse from Benzinga Newsdesk
374Water (NASDAQ:SCWO) reported Q3 losses of $(0.01) per share, unchanged YoY. Sales for the quarter were $12.29K, a 98.67% decrease from $922.72K YoY.
November 10, 2023 | 1:12 pm
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NEGATIVE IMPACT
374Water reported Q3 losses of $(0.01) per share, unchanged YoY. However, sales saw a significant decrease of 98.67% YoY.
The company's earnings per share remained unchanged, indicating no improvement in profitability. The significant decrease in sales suggests a potential issue with the company's revenue generation, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100