Infrared Cameras Holdings Q1 2024 GAAP EPS $(0.33) Misses $(0.05) Estimate, Sales $2.275M Miss $2.300M Estimate
Portfolio Pulse from Benzinga Newsdesk
Infrared Cameras Holdings (NASDAQ:MSAI) reported a Q1 2024 GAAP EPS of $(0.33), significantly missing the $(0.05) estimate. Sales were $2.275M, slightly below the $2.300M estimate but up 132.14% from the same period last year.
May 16, 2024 | 12:33 pm
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Infrared Cameras Holdings (NASDAQ:MSAI) reported a Q1 2024 GAAP EPS of $(0.33), missing the $(0.05) estimate by a wide margin. Sales were $2.275M, slightly below the $2.300M estimate but up 132.14% from the same period last year.
The significant miss on EPS by 560% is likely to negatively impact investor sentiment and the stock price in the short term. Although sales increased significantly year-over-year, they still missed the analyst estimate, adding to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100