Arqit Quantum H1 EPS $(0.29) Down From $(0.17) YoY, Sales $119.00K Up From $19.00K YoY
Portfolio Pulse from mahesh@benzinga.com
Arqit Quantum (NASDAQ:ARQQ) reported a quarterly loss of $(0.29) per share, a 70.59% decrease from $(0.17) per share last year. However, sales increased by 526.32% to $119,000 from $19,000 in the same period last year.
May 20, 2024 | 12:15 pm
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NEGATIVE IMPACT
Arqit Quantum reported a significant increase in sales by 526.32% to $119,000, but also a larger quarterly loss of $(0.29) per share, a 70.59% decrease from last year.
While the significant increase in sales is a positive indicator, the larger-than-expected loss per share is likely to weigh on investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100