Locafy Q1 EPS $(0.63) Up From $(1.13) YoY, Sales $1.10M Down From $1.40M YoY
Portfolio Pulse from Benzinga Newsdesk
Locafy reported Q1 earnings with a reduced loss of $(0.63) per share compared to $(1.13) per share YoY, but sales decreased to $1.10M from $1.40M YoY.
November 27, 2023 | 9:12 pm
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NEUTRAL IMPACT
Locafy's Q1 earnings report shows an improvement in EPS but a decline in sales compared to the same period last year.
The mixed results with improved EPS and decreased sales could lead to a neutral short-term impact on Locafy's stock price. Investors may view the reduced losses positively, but the decline in sales could raise concerns about growth, leading to a balanced market reaction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100