BM Technologies Q1 EPS $0.01 Beats $(0.21) Estimate, Sales $16.18M Beat $15.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
BM Technologies (AMEX:BMTX) reported Q1 earnings of $0.01 per share, significantly beating the analyst estimate of $(0.21). Sales also surpassed expectations, reaching $16.18 million compared to the $15.06 million estimate. This marks a notable improvement from the previous year's losses and sales figures.
May 15, 2024 | 9:41 pm
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BM Technologies reported Q1 earnings of $0.01 per share, beating the $(0.21) estimate by 104.76%. Sales of $16.18M also exceeded the $15.06M estimate, marking a 20% increase from last year.
The significant beat on both EPS and sales estimates, along with a notable improvement from the previous year's figures, is likely to positively impact BMTX's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100