Naas Technology Q4 Adj $(0.19) Down From $(0.07) YoY, Sales $9.06M Up From $4.27M YoY
Portfolio Pulse from Benzinga Newsdesk
Naas Technology (NASDAQ:NAAS) reported a Q4 adjusted loss of $(0.19) per share, a 171.43% decrease from $(0.07) YoY. Sales rose to $9.06M, a 112.27% increase from $4.27M YoY.
March 29, 2024 | 4:53 am
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Naas Technology reported a significant increase in sales but also a substantial increase in losses per share in Q4.
The substantial increase in sales indicates strong revenue growth, which is positive. However, the significant increase in losses per share may concern investors about profitability. The mixed results make the short-term stock price direction uncertain, hence a neutral score.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100