Perfect Q2 Sales $13.900M Miss $14.842M Estimate, Adj. Net Income $1.3M; Co. Had Had 151 Key Customers As Of June 30, 2024 vs 152 Key Customers As Of March 31, 2024.
Portfolio Pulse from Benzinga Newsdesk
Perfect reported Q2 sales of $13.9M, missing the $14.842M estimate. The company had an adjusted net income of $1.3M and 151 key customers as of June 30, 2024, down from 152 as of March 31, 2024.
July 24, 2024 | 10:14 am
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NEGATIVE IMPACT
Perfect's Q2 sales of $13.9M missed the $14.842M estimate, and the company reported an adjusted net income of $1.3M. The number of key customers slightly decreased from 152 to 151.
The miss on sales estimates and the slight decrease in key customers are likely to negatively impact investor sentiment in the short term. However, the positive adjusted net income may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100