GDEV Q1 Sales $107.00M Down From $119.00M YoY
Portfolio Pulse from Benzinga Newsdesk
GDEV (NASDAQ:GDEV) reported $107.00 million in sales for Q1, a 10.08% decrease from $119.00 million in the same period last year.
May 28, 2024 | 8:01 pm
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NEGATIVE IMPACT
GDEV reported a 10.08% decrease in Q1 sales, with revenue falling to $107 million from $119 million YoY. This decline may concern investors and could negatively impact the stock price in the short term.
The 10.08% YoY decrease in sales is a significant drop, likely to concern investors and potentially lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100