CEA Industries Q4 EPS $(0.12) Up From $(0.18) YoY, Sales $251.00K Down From $1.46M YoY
Portfolio Pulse from Benzinga Newsdesk
CEA Industries (NASDAQ:CEAD) reported a Q4 EPS of $(0.12), improving from $(0.18) YoY. However, sales significantly decreased to $251.00K from $1.46M YoY, marking an 82.82% drop.
March 28, 2024 | 8:23 pm
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CEA Industries reported a narrower Q4 loss of $(0.12) per share compared to $(0.18) YoY, but sales plummeted by 82.82% to $251.00K from $1.46M YoY.
While the improvement in EPS might be seen as a positive development, the significant drop in sales is likely to raise concerns among investors about the company's revenue generation capabilities and overall financial health. This substantial decrease in sales could overshadow the EPS improvement, potentially leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100