icad Q3 2023 Gaap EPS $(0.05) Beats $(0.08) Estimate, Sales $4.07M Miss $6.27M Estimate
Portfolio Pulse from saritha@benzinga.com
iCAD Inc. (NASDAQ:ICAD) reported Q3 2023 earnings with a GAAP EPS of $(0.05), surpassing the $(0.08) estimate, marking a 37.5% beat and a 66.67% improvement from last year's $(0.15) per share. However, sales of $4.07M fell short of the $6.27M estimate by 35.04%, and were down 35.92% from $6.36M in the same period last year.
November 13, 2023 | 9:07 pm
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iCAD reported better-than-expected Q3 EPS but missed revenue estimates, with a significant year-over-year decline in sales.
While iCAD's EPS beat may be viewed positively, the substantial miss in revenue and the sharp year-over-year decline is likely to concern investors, potentially leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100