Nuvve Q2 2024 Revenue $800K Vs $2.12M YoY; EPS $(0.67) Vs $(11.86) YoY
Portfolio Pulse from Benzinga Newsdesk
Nuvve reported Q2 2024 revenue of $800K, a significant decrease from $2.12M year-over-year. The company's EPS improved to $(0.67) from $(11.86) YoY.
August 13, 2024 | 8:34 pm
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NEGATIVE IMPACT
Nuvve's Q2 2024 revenue dropped significantly to $800K from $2.12M YoY, but the EPS showed improvement, moving to $(0.67) from $(11.86) YoY.
The significant drop in revenue is a negative indicator for the company's financial health, likely leading to a short-term decline in stock price. However, the improvement in EPS is a positive sign, but it may not be enough to offset the revenue decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100