Naas Technology Q1 Adj $(0.07), Same YoY, Sales $13.33M Up From $5.27M YoY
Portfolio Pulse from Benzinga Newsdesk
Naas Technology (NASDAQ:NAAS) reported Q1 adjusted losses of $(0.07) per share, unchanged YoY. Sales surged to $13.33M, a 153.10% increase from $5.27M YoY.
May 09, 2024 | 9:55 pm
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POSITIVE IMPACT
Naas Technology reported a significant increase in sales, with a 153.10% jump YoY, while maintaining its adjusted losses per share at $(0.07), the same as the previous year.
The substantial increase in sales indicates strong revenue growth, which is a positive signal for investors. The unchanged loss per share suggests stability in the company's financial performance. Together, these factors are likely to have a positive short-term impact on NAAS's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100