CXApp Q3 EPS $(1.05) Down From $(0.85) YoY, Sales $1.92M Down From $2.26M YoY
Portfolio Pulse from Benzinga Newsdesk
CXApp (NASDAQ:CXAI) reported a larger Q3 loss of $(1.05) per share compared to $(0.85) per share in the same quarter last year. Sales also decreased by 15.15% to $1.92M from $2.26M in the same period last year.
November 14, 2023 | 11:05 pm
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CXApp reported a year-over-year increase in quarterly losses and a decrease in sales, indicating potential challenges in profitability and revenue growth.
The reported increase in losses and decrease in sales are typically seen as negative indicators for a company's financial health and often result in a negative short-term impact on the stock price. Investors may react to these signs of underperformance by selling off shares, which could lead to a decrease in the stock price.
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