CleanSpark FY23 EPS $(1.29) Down From $(0.95) YoY, Revenue $168.4M Up From $131.5M YoY
Portfolio Pulse from Benzinga Newsdesk
CleanSpark, Inc. reported a fiscal year 2023 earnings per share (EPS) of $(1.29), a decrease from the previous year's $(0.95). However, the company's revenue increased to $168.4 million, up from $131.5 million year-over-year.
November 30, 2023 | 9:03 pm
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NEUTRAL IMPACT
CleanSpark's FY23 EPS decreased to $(1.29) from $(0.95) YoY, indicating higher losses, but revenue increased to $168.4M from $131.5M YoY, showing growth in sales.
The decrease in EPS for CleanSpark suggests that the company is experiencing higher losses per share, which could be a negative signal for investors concerned with profitability. However, the increase in revenue indicates that the company is growing its sales, which could offset concerns about the EPS decline in the short term. The mixed financial results may lead to a neutral short-term impact on the stock price as investors digest both the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100