SmartKem Q2 EPS $(0.98) Up From $(1.82) YoY, Sales $40.00K Up From $8.00K YoY
Portfolio Pulse from Benzinga Newsdesk
SmartKem (NASDAQ: SMTK) reported Q2 earnings per share (EPS) of $(0.98), an improvement from $(1.82) YoY. Sales increased to $40.00K from $8.00K YoY.
August 12, 2024 | 8:05 pm
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SmartKem reported a significant improvement in its Q2 EPS, reducing losses from $(1.82) to $(0.98) YoY. Additionally, sales increased by 400%, reaching $40.00K from $8.00K YoY.
The significant improvement in EPS and the substantial increase in sales indicate positive financial performance, which is likely to have a favorable short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100