CEA Industries Q1 EPS $(0.11) Down From $(0.05) YoY, Sales $234.51K Down From $4.68M YoY
Portfolio Pulse from Benzinga Newsdesk
CEA Industries (NASDAQ:CEAD) reported a significant decrease in both earnings per share and sales for Q1, with EPS down to $(0.11) from $(0.05) YoY and sales dropping to $234.51K from $4.68M YoY.
May 14, 2024 | 9:07 pm
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NEGATIVE IMPACT
CEA Industries reported a 120% decrease in EPS and a 94.99% decrease in sales YoY for Q1, indicating significant financial deterioration.
The substantial decrease in both earnings per share and sales for CEA Industries suggests a significant downturn in the company's financial health. This is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100