Houston American Energy Q4 Adj $(0.03) Down From $(0.01) YoY, Sales $246.62K Down From $324.78K YoY
Portfolio Pulse from Benzinga Newsdesk
Houston American Energy (HUSA) reported a Q4 adjusted loss of $(0.03) per share, a 200% decrease from $(0.01) per share YoY. Sales were $246.62K, down 24.06% from $324.78K YoY.
April 03, 2024 | 2:59 am
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Houston American Energy reported a significant increase in quarterly losses and a decrease in sales compared to last year.
The reported increase in losses and decrease in sales for Houston American Energy (HUSA) are significant indicators of the company's financial health and operational performance. A 200% increase in losses and a 24.06% decrease in sales year-over-year are likely to negatively impact investor sentiment and the stock price in the short term, as they reflect a deterioration in the company's profitability and revenue generation capabilities.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100