Zhibao Technology 6-Month EPS $(0.03); Revenue $11.9M, Down 8% YoY
Portfolio Pulse from Benzinga Newsdesk
Zhibao Technology reported a 6-month EPS of $(0.03) and revenue of $11.9M, down 8% YoY. The decline was mainly due to reduced insurance brokerage service fees and MGU services. Despite the losses, the company is optimistic about future growth through organic means and strategic M&A opportunities.
June 28, 2024 | 8:05 pm
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Zhibao Technology reported a 6-month EPS of $(0.03) and revenue of $11.9M, down 8% YoY. The decline was mainly due to reduced insurance brokerage service fees and MGU services. Despite the losses, the company is optimistic about future growth through organic means and strategic M&A opportunities.
The reported decline in revenue and EPS is likely to negatively impact the stock price in the short term. However, the company's optimistic outlook and strategic plans may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100