NextPlat Q2 EPS $(0.28) Down From $(0.24) YoY, Sales $16.99M Up From $2.96M YoY
Portfolio Pulse from Benzinga Newsdesk
NextPlat (NASDAQ:NXPL) reported Q2 earnings per share (EPS) of $(0.28), a 16.67% decrease from $(0.24) YoY. However, sales surged by 474.54% to $16.99 million from $2.96 million YoY.
August 14, 2024 | 12:11 pm
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NextPlat reported a mixed Q2 with EPS of $(0.28), a 16.67% decrease YoY, but a significant 474.54% increase in sales to $16.99 million.
The decrease in EPS indicates higher losses, which is negative. However, the substantial increase in sales is a positive sign of growth. The mixed results may lead to neutral short-term price movement as investors weigh the higher losses against the strong revenue growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100