Mobix Labs Q3 EPS $(0.25) Up From $(0.65) YoY, Sales $2.06M Up From $80.00K YoY
Portfolio Pulse from Benzinga Newsdesk
Mobix Labs (NASDAQ:MOBX) reported a significant improvement in its Q3 financial results, with EPS losses narrowing from $(0.65) to $(0.25) and sales increasing from $80K to $2.06M year-over-year.
August 21, 2024 | 8:13 pm
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Mobix Labs reported a significant improvement in Q3 results, with EPS losses narrowing and sales increasing dramatically year-over-year.
The narrowing of EPS losses from $(0.65) to $(0.25) indicates improved financial performance, while the dramatic increase in sales from $80K to $2.06M suggests strong business growth. These factors are likely to positively impact the stock price in the short term.
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