Lucas Announces FY23 Revenue $208M, Up 92.3% YoY
Portfolio Pulse from Benzinga Newsdesk
Lucas (LGCL) reported a significant increase in its FY23 financial performance, with revenues reaching $208M, up 92.3% YoY. Gross margin improved slightly to 28.4%, and net income saw a substantial rise of 115% to $11M compared to the previous year.
April 29, 2024 | 8:26 pm
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Lucas (LGCL) showcased impressive FY23 results with a 92.3% increase in revenue and a 115% increase in net income, indicating strong financial health and operational efficiency.
The substantial growth in revenue and net income for Lucas indicates a strong financial performance and operational efficiency, which is likely to positively influence investor sentiment and the stock price in the short term.
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