Leafly Holdings Q1 2024 GAAP EPS $(1.29) Misses $(0.81) Estimate, Sales $9.048M Miss $9.104M Estimate
Portfolio Pulse from Benzinga Newsdesk
Leafly Holdings (NASDAQ:LFLY) reported Q1 2024 earnings with a GAAP EPS of $(1.29), missing the $(0.81) estimate, and sales of $9.048M, missing the $9.104M estimate. This represents a 53.93% improvement in EPS and a 19.57% decrease in sales year-over-year.
May 09, 2024 | 8:58 pm
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NEGATIVE IMPACT
Leafly Holdings reported a significant miss in Q1 2024 earnings and sales, with a 53.93% improvement in EPS but a 19.57% decrease in sales year-over-year.
The miss in both EPS and sales estimates, despite the improvement in EPS year-over-year, could lead to negative investor sentiment in the short term. The decrease in sales year-over-year is also a concern, indicating potential challenges in revenue growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100