Reborn Coffee Q3 EPS $(0.23) Down From $(0.20) YoY, Sales $4.09M Up From $2.38M YoY
Portfolio Pulse from Benzinga Newsdesk
Reborn Coffee, Inc. (NASDAQ:REBN) reported a Q3 EPS loss of $(0.23), a 15% increase in loss compared to $(0.20) in the same quarter last year. However, sales rose significantly by 71.91% to $4.09M from $2.38M in the same period last year.
November 14, 2023 | 9:32 pm
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NEUTRAL IMPACT
Reborn Coffee reported a larger EPS loss in Q3 but showed a substantial increase in sales compared to the same period last year.
The mixed results with an increased loss per share and a significant rise in sales may lead to a neutral short-term impact on REBN's stock price. Investors might be concerned about the growing losses but could also be optimistic about the revenue growth.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100