Onfolio Holdings Q3 EPS $(0.94) Down From $(0.31) YoY, Sales $1.31M Up From $352.30K YoY
Portfolio Pulse from Benzinga Newsdesk
Onfolio Holdings (NASDAQ:ONFO) experienced a significant increase in losses per share in Q3, reporting $(0.94) compared to $(0.31) in the same quarter last year. However, the company's sales saw a substantial rise, reaching $1.31M, up from $352.30K year-over-year.
November 14, 2023 | 10:16 pm
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NEGATIVE IMPACT
Onfolio Holdings reported a 203.23% increase in losses per share and a 272.78% increase in sales for Q3 compared to the same period last year.
The substantial increase in losses per share is likely to negatively impact investor sentiment in the short term, despite the growth in sales. Typically, a worsening bottom line can lead to a decrease in stock price as it may signal underlying issues with profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100