ENGlobal Reports Q2 Net Loss Of $(1.2)M; Revenues $6.1M, Down 37% Y/Y
Portfolio Pulse from Benzinga Newsdesk
ENGlobal reported a Q2 net loss of $1.2 million and revenues of $6.1 million, which is a 37% decrease year-over-year.
August 08, 2024 | 11:47 am
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ENGlobal reported a Q2 net loss of $1.2 million and revenues of $6.1 million, which is a 37% decrease year-over-year.
The significant year-over-year decline in revenues and the net loss reported for Q2 are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100