Varex Announces Financial Results for Fourth Quarter and Fiscal Year 2024
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Varex Imaging Corporation reported its unaudited financial results for Q4 and fiscal year 2024. The company achieved revenues of $206 million, with a GAAP gross margin of 33% and a non-GAAP gross margin of 33%. GAAP operating expenses were $56 million, while non-GAAP operating expenses were $53 million. The GAAP operating margin was 5%, and the non-GAAP operating margin was 7%. GAAP net earnings were $(1.22) per diluted share, and non-GAAP net earnings were $0.19 per diluted share.
November 19, 2024 | 9:30 pm
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NEUTRAL IMPACT
Varex Imaging reported Q4 FY24 revenues of $206 million with a GAAP net loss of $(1.22) per share and a non-GAAP net profit of $0.19 per share. The results show a mixed performance with a positive non-GAAP outcome.
The financial results show a mixed performance for Varex Imaging. While the GAAP results indicate a loss, the non-GAAP results show a profit, which may lead to a neutral short-term impact on the stock price as investors weigh the positive non-GAAP earnings against the GAAP loss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100