Cuentas Q3 EPS $(0.53) Up From $(1.82) YoY, Sales $895.00K Down From $1.14M YoY
Portfolio Pulse from Benzinga Newsdesk
Cuentas Inc. (NASDAQ:CUEN) reported a narrower Q3 loss of $(0.53) per share compared to $(1.82) YoY, but sales declined to $895K from $1.14M YoY.
November 20, 2023 | 1:33 pm
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Cuentas reported a significant reduction in losses per share for Q3, but also a notable decrease in sales compared to the same period last year.
While the improvement in EPS is a positive sign of cost management and potentially improved operational efficiency, the decline in sales could be a concern for investors, signaling a possible decrease in demand or competitive challenges. The mixed results present a neutral outlook in the short term as the market weighs the improved profitability against the lower sales volume.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100