Chanson International FY23 EPS $0.003 Vs $(0.14) YoY; Revenue $17.3M Vs $13.3M YoY
Portfolio Pulse from Benzinga Newsdesk
Chanson International (CHSN) reported a significant improvement in its FY23 financial performance, with EPS turning positive to $0.003 from a loss of $0.14 YoY. Revenue increased by 30% to $17.3M from $13.3M, gross profit rose to $8.1M, and net income reached $0.03M, reversing the previous year's loss.
April 30, 2024 | 9:11 pm
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POSITIVE IMPACT
Chanson International reported a positive EPS of $0.003 in FY23, a significant improvement from a $0.14 loss per share YoY. Revenue grew to $17.3M, and the company achieved a net income of $0.03M, marking a strong financial turnaround.
The positive shift from a loss to a profit in EPS, along with significant revenue growth and net income achievement, indicates a strong financial performance and operational improvement for Chanson International. This is likely to positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100