LOBO EV Reported FY23 Revenue of $15.5M, Down from $18.3M YoY, Net Income of $0.99M, Down from $1.12M YoY
Portfolio Pulse from Benzinga Newsdesk
LOBO EV reported a decrease in its FY23 revenue to $15.5M from $18.3M in the previous year. Net income also fell to $0.99M from $1.12M year-over-year.
May 06, 2024 | 11:07 am
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NEGATIVE IMPACT
LOBO EV's FY23 earnings report shows a decline in both revenue and net income compared to the previous year.
The reported decrease in both revenue and net income for LOBO EV in FY23 compared to the previous year is likely to negatively impact investor sentiment and the stock price in the short term. Investors typically view declining financial performance as a negative indicator, which can lead to a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100