Astrotech FY24 EPS $(7.12) Down From $(5.95) YoY; Revenue $1.66M Up From $750K YoY
Portfolio Pulse from Benzinga Newsdesk
Astrotech reported a fiscal year 2024 EPS of $(7.12), a decrease from $(5.95) year-over-year, while revenue increased to $1.66 million from $750,000. This indicates a significant revenue growth but also a larger loss per share.
September 19, 2024 | 9:38 pm
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Astrotech's fiscal year 2024 results show a significant increase in revenue to $1.66 million from $750,000 year-over-year. However, the EPS has decreased to $(7.12) from $(5.95), indicating a larger loss per share despite revenue growth.
The increase in revenue is a positive sign, showing growth in the company's operations. However, the larger loss per share (EPS) suggests that the company is facing higher costs or inefficiencies, which could concern investors. The mixed results may lead to a negative short-term impact on the stock price as investors weigh the revenue growth against the increased losses.
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