Twin Vee PowerCats Q1 EPS $(0.18) Up From $(0.19) YoY, Sales $5.28M Down From $8.88M YoY
Portfolio Pulse from Benzinga Newsdesk
Twin Vee PowerCats (NASDAQ:VEEE) reported Q1 EPS of $(0.18), an improvement from $(0.19) YoY, but sales dropped 40.57% to $5.28M from $8.88M YoY.
May 15, 2024 | 12:46 pm
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Twin Vee PowerCats reported a slight improvement in EPS to $(0.18) from $(0.19) YoY, but experienced a significant 40.57% drop in sales to $5.28M.
While the EPS showed a slight improvement, the significant drop in sales by 40.57% is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100