Nanophase Technologies Q3 2023 Gaap EPS $(0.03) Down From $(0.02) YoY, Sales $7.96M Down From $9.68M YoY
Portfolio Pulse from saritha@benzinga.com
Nanophase Technologies (OTC:NANX) reported a larger loss in Q3 2023 with a GAAP EPS of $(0.03), down from $(0.02) in the same quarter last year. Sales also decreased by 17.78% to $7.96M from $9.68M in the previous year.
November 13, 2023 | 9:25 pm
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NEGATIVE IMPACT
Nanophase Technologies reported a 50% increase in losses per share and a 17.78% decrease in sales year-over-year for Q3 2023.
The reported increase in losses and decrease in sales for Nanophase Technologies is likely to negatively impact investor sentiment and the stock price in the short term. Investors typically react unfavorably to declining earnings and revenue, which could lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100