XIAO-I FY EPS $(1.12) Down From $(0.27) YoY, Sales $59.17M Up From $48.18M YoY
Portfolio Pulse from Benzinga Newsdesk
XIAO-I (NASDAQ:AIXI) reported a significant increase in its quarterly losses to $(1.12) per share from $(0.27) YoY, despite a 22.79% increase in sales to $59.17M from $48.18M YoY.
April 30, 2024 | 12:48 pm
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NEGATIVE IMPACT
XIAO-I reported a significant increase in losses to $(1.12) per share from $(0.27) YoY, alongside a sales increase to $59.17M from $48.18M YoY.
The substantial increase in losses despite higher sales suggests operational or cost challenges that could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100