Iris Energy Q2 EPS $(7.20) Down From $(0.73) YoY, Sales $42.57M Up From $13.76M YoY
Portfolio Pulse from Benzinga Newsdesk
Iris Energy reported a significant increase in its Q2 losses to $(7.20) per share from $(0.73) YoY, while sales rose to $42.57M from $13.76M YoY.
February 15, 2024 | 9:53 pm
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Iris Energy's Q2 earnings report shows a drastic increase in losses alongside a significant rise in sales.
The sharp increase in losses per share could negatively impact investor sentiment and stock price in the short term, despite the significant rise in sales. The drastic change in earnings per share (EPS) indicates a substantial increase in expenses or operational challenges, which could be a red flag for investors. However, the increase in sales shows growth in revenue, which might offset some of the negative impact in the long term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100