EZGO Technologies 1H 2023 Earnings: $0.16 loss per share compared to previous year
EZGO Technologies reported a loss of US$0.16 per share in the first half of 2023, compared to a loss of US$0.16 in the same period last year. Revenue decreased by 14% to US$5.16m, while the net loss widened by 114% to US$4.79m. The company's shares rose by 22% in the past week.
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EZGO Technologies 1H 2023 Earnings: $0.16 loss per share compared to previous year

EZGO Technologies has released its first-half 2023 financial results, showing a decline in revenue and an increased net loss compared to the same period in 2022. The company reported a revenue of US$5.16 million, which is down 14% from the previous year. The net loss widened by 114% to reach US$4.79 million. This translates to a loss per share of US$0.16.

It is important to note that all figures mentioned above are for the trailing 12-month period. Despite the financial challenges, EZGO Technologies' shares have seen a 22% increase in value over the past week.

When considering investing in EZGO Technologies, there are several risks that should not be ignored. It is recommended to conduct a comprehensive analysis to determine if the company is potentially over or undervalued. This analysis should include factors such as fair value estimates, risks and warnings, dividends, insider transactions, and financial health. A free analysis can be accessed to gain a better understanding of the company's valuation.

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Please note that this article by Simply Wall St is intended to provide general information. The commentary is based on historical data and analyst forecasts, using an unbiased methodology. It is important to understand that the article does not constitute financial advice and does not consider individual objectives or financial situations. The aim is to provide long-term focused analysis driven by fundamental data. However, it is essential to be aware that the analysis may not include the latest price-sensitive company announcements or qualitative material. Simply Wall St holds no position in any stocks mentioned.

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