Data Storage Corporation Reports FY23 EPS Of $0.05 Compared With $(0.64) Loss YoY, FY23 Revenue Totals $24.96M Higher Than $23.87M YoY
Portfolio Pulse from Benzinga Newsdesk
Data Storage Corporation (DTST) reported a significant improvement in its financial performance for FY23, with earnings per share (EPS) of $0.05, compared to a loss of $(0.64) per share in the previous year. The company's revenue for FY23 totaled $24.96 million, marking an increase from $23.87 million year-over-year.
March 28, 2024 | 11:05 am
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POSITIVE IMPACT
Data Storage Corporation reported a positive EPS of $0.05 for FY23, a significant improvement from the previous year's loss of $(0.64) per share. FY23 revenue increased to $24.96 million from $23.87 million YoY.
The significant improvement in EPS from a loss to a positive figure indicates a strong turnaround in the company's financial health, which is likely to positively impact investor sentiment and the stock price in the short term. The increase in revenue further supports the company's growth trajectory, making this news highly relevant and important for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100