CORRECTION: Reborn Coffee Q4 EPS $(0.56) Up From $(0.72) YoY, Sales $1.80M Up From $860.65K YoY
Portfolio Pulse from Benzinga Newsdesk
Reborn Coffee (NASDAQ:REBN) reported a Q4 EPS loss of $(0.56), an improvement from $(0.72) YoY. Sales increased to $1.80M from $860.65K YoY, marking a 108.91% increase.
March 28, 2024 | 3:12 pm
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Reborn Coffee reported a reduced EPS loss and a significant increase in sales for Q4, indicating strong year-over-year growth.
The improvement in EPS loss from $(0.72) to $(0.56) and a more than doubling in sales from $860.65K to $1.80M YoY are strong indicators of Reborn Coffee's growth and operational improvement. These positive financial metrics are likely to be viewed favorably by investors, potentially leading to a short-term increase in REBN's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100