WISeKey Intl Hldg FY23 EPS $(0.51) Up From $(1.22) YoY, Sales $90.92M Up From $23.81M YoY
Portfolio Pulse from Benzinga Newsdesk
WISeKey Intl Hldg (NASDAQ:WKEY) reported a significant improvement in its financial performance for FY23. The company reduced its EPS loss to $(0.51) from $(1.22) YoY and achieved a substantial increase in sales to $90.92M from $23.81M YoY.
May 15, 2024 | 9:14 pm
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POSITIVE IMPACT
WISeKey Intl Hldg reported a 58.2% improvement in EPS loss and a 281.78% increase in sales YoY for FY23. This indicates a strong recovery and potential growth trajectory.
The significant reduction in EPS loss and substantial increase in sales suggest that WISeKey is on a strong recovery path. This positive financial performance is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100