QT Imaging Q1 2024 EPS $(0.33) Down From $(0.20) YoY; Revenue $1.362M Up From $8,000
Portfolio Pulse from Benzinga Newsdesk
QT Imaging reported a Q1 2024 EPS of $(0.33), a decrease from $(0.20) year-over-year. However, their revenue significantly increased to $1.362M from $8,000 in the previous year.
May 10, 2024 | 1:00 pm
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QT Imaging's Q1 2024 earnings report shows a decrease in EPS to $(0.33) from $(0.20) YoY, but a significant increase in revenue to $1.362M from $8,000.
The decrease in EPS indicates higher expenses or lower profitability on a per-share basis, which could concern investors. However, the substantial increase in revenue suggests significant growth in the company's operations or market demand for its products/services. The mixed results make the short-term impact on the stock price uncertain, as investors may weigh the negative EPS change against the positive revenue growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100