Healthcare Triangle Q3 EPS $(0.46) Up From $(0.70) YoY, Sales $7.80M Down From $11.90M YoY
Portfolio Pulse from Benzinga Newsdesk
Healthcare Triangle (HCTI) reported a narrower Q3 loss of $(0.46) per share compared to $(0.70) per share in the same quarter last year. However, sales declined to $7.80M from $11.90M in the same period, representing a 34.45% decrease.
November 13, 2023 | 1:46 pm
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NEUTRAL IMPACT
Healthcare Triangle's Q3 EPS improved to $(0.46) from $(0.70) YoY, but sales saw a significant decrease to $7.80M from $11.90M YoY.
While the improvement in EPS may be seen positively as the company is reducing its losses, the substantial decrease in sales could be a concern for investors, signaling potential issues in revenue generation or market demand. The mixed results present uncertainty, hence a neutral score is given.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100