GAN Q4 EPS $(0.21) Misses $(0.15) Estimate, Sales $30.71M Miss $34.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
GAN reported Q4 earnings with a loss of $(0.21) per share, missing the $(0.15) estimate, and sales of $30.71M, missing the $34.42M estimate. This represents a 12.5% increase in losses per share and a 16.87% decrease in sales from the same period last year.
March 13, 2024 | 10:03 am
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NEGATIVE IMPACT
GAN's Q4 earnings report showed a miss on both EPS and sales estimates, with a 12.5% increase in losses per share and a 16.87% decrease in sales year-over-year.
Missing both EPS and sales estimates significantly, especially in a quarter, indicates underperformance and could lead to negative investor sentiment in the short term. The year-over-year decrease in sales and increase in losses per share further emphasize the company's challenges.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100