ZOOZ Power 6-Month Ended June 30, 2024 EPS $(0.59) Vs $(0.91) YoY; Revenue $543K Vs $784K YoY
Portfolio Pulse from Benzinga Newsdesk
ZOOZ Power reported its earnings for the six months ended June 30, 2024, with an EPS of $(0.59), an improvement from $(0.91) year-over-year. However, revenue decreased to $543K from $784K year-over-year.
August 12, 2024 | 12:51 pm
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ZOOZ Power's earnings report shows an improved EPS of $(0.59) compared to $(0.91) YoY, but a decline in revenue to $543K from $784K YoY.
The improved EPS indicates better cost management or operational efficiency, which is positive. However, the decline in revenue suggests potential challenges in sales or market demand, balancing the overall impact to neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100