Akili Q4 2023 Adj EPS $(0.140) Beats $(0.210) Estimate, Sales $749.000K Miss $800.000K Estimate
Portfolio Pulse from Benzinga Newsdesk
Akili (NASDAQ:AKLI) reported Q4 2023 adjusted EPS of $(0.140), surpassing the $(0.210) estimate. However, its sales of $749,000 missed the $800,000 estimate, marking a 6.71K% increase from the same period last year.

February 29, 2024 | 10:42 pm
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Akili's Q4 2023 earnings report showed a better-than-expected adjusted EPS but missed sales estimates, with a significant year-over-year sales increase.
While Akili's EPS outperformed expectations, the miss on sales forecasts could temper investor enthusiasm. However, the dramatic year-over-year sales growth indicates significant business expansion, which might offset concerns about the sales miss in the short term. The mixed results make the short-term stock price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100