Ryvyl Q2 2024 GAAP EPS $(1.88) Misses $(0.96) Estimate, Sales $11.900M Miss $12.800M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ryvyl (NASDAQ:RVYL) reported Q2 2024 GAAP EPS of $(1.88), missing the $(0.96) estimate by 95.83%. Sales were $11.9M, missing the $12.8M estimate by 7.03% and down 19.86% from $14.849M last year.
August 13, 2024 | 8:07 pm
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NEGATIVE IMPACT
Ryvyl reported a significant earnings miss with Q2 2024 GAAP EPS of $(1.88) compared to the $(0.96) estimate. Sales also missed expectations, coming in at $11.9M versus the $12.8M estimate, and were down 19.86% year-over-year.
The significant miss on both EPS and sales, along with a notable year-over-year decline in revenue, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100