Avinger Q4 2023 GAAP EPS $(3.93), Sales $1.906M Miss $2.521M Estimate
Portfolio Pulse from Benzinga Newsdesk
Avinger (NASDAQ:AVGR) reported a Q4 2023 GAAP EPS of $(3.93) and sales of $1.906M, missing the consensus estimate of $2.521M by 24.40%. This represents a 4.75% decrease in sales compared to the same period last year.
March 20, 2024 | 8:10 pm
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NEGATIVE IMPACT
Avinger reported a significant Q4 2023 earnings miss with a GAAP EPS of $(3.93) and sales of $1.906M, missing estimates by 24.40% and experiencing a 4.75% YOY decrease.
Avinger's significant miss on both earnings per share and sales estimates, coupled with a year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the comparison to last year's performance are critical factors indicating a negative outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100