Moatable Q3 Sales $13.29M Up From $12.00M YoY; Adjusted Net Income Of $43K Up From Loss Of $(1.93)M Y/Y
Portfolio Pulse from Benzinga Newsdesk
Moatable (NYSE:MTBL) reported a 10.78% increase in Q3 sales to $13.29M from $12.00M in the same period last year. The company also reported an adjusted net income of $43K, a significant improvement from a loss of $(1.93)M year-over-year.
November 17, 2023 | 11:06 am
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Moatable reported a significant improvement in Q3 with sales rising to $13.29M and adjusted net income reaching $43K, recovering from a $(1.93)M loss in the same quarter last year.
The reported increase in sales and the shift from a net loss to a net income indicate a strong performance for Moatable in Q3. This positive financial news is likely to be well-received by investors and could lead to a short-term increase in the stock price, reflecting the company's improved financial health and potential for future growth.
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IMPORTANCE 90
RELEVANCE 100