SharpLink Gaming Q3 EPS $(0.99) Down From $(0.86) YoY, Sales $3.27M Up From $1.29M YoY
Portfolio Pulse from Benzinga Newsdesk
SharpLink Gaming (NASDAQ:SBET) experienced a widening of its quarterly losses to $(0.99) per share compared to $(0.86) per share in the same quarter last year. However, the company's sales saw a significant increase, rising 153.49% to $3.27 million from $1.29 million in the same period last year.
November 14, 2023 | 1:52 pm
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NEUTRAL IMPACT
SharpLink Gaming reported a larger loss per share in Q3 but also a significant increase in sales compared to the same period last year.
While the increase in losses per share is negative, the substantial growth in sales could be seen as a positive sign of business expansion and potential future profitability. The mixed results present a neutral short-term impact as investors may weigh the increased sales against the higher losses.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100