SunCar Technology Reported 27% Revenue Growth To $203.1M In First Half of 2024, EPS Loss Of $(0.67)
Portfolio Pulse from Benzinga Newsdesk
SunCar Technology reported a 27% revenue growth to $203.1 million in the first half of 2024, but also posted an EPS loss of $(0.67).
September 16, 2024 | 11:21 am
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SunCar Technology (SDA) reported a significant 27% increase in revenue to $203.1 million for the first half of 2024. However, the company also posted an EPS loss of $(0.67), indicating profitability challenges despite revenue growth.
The 27% revenue growth is a positive indicator of business expansion, but the EPS loss of $(0.67) suggests that the company is facing profitability issues. This mixed result may lead to a neutral short-term impact on the stock price as investors weigh growth against profitability.
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