Clene: Q1 Earnings Insights

Clene (NASDAQ:CLNN) reported its Q1 earnings results on Friday, May 12, 2023 at 04:00 PM. Here’s what investors…

byBenzinga Insights

May 12, 2023

1 minute read

Clene (NASDAQ:CLNN) reported its Q1 earnings results on Friday, May 12, 2023 at 04:00 PM.

Here’s what investors need to know about the announcement.

Earnings

Clene missed estimated earnings by 7.14%, reporting an EPS of $-0.15 versus an estimate of $-0.14.

Revenue was up $77 thousand from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.12 which was followed by a 3.68% drop in the share price the next day.

Here’s a look at Clene’s past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.12	-0.22	-0.20	-0.19
EPS Actual	0	-0.17	-0.07	-0.21
Revenue Estimate	120K	70K	80K	120K
Revenue Actual	234K	174K	35K	30K

Listen to the earnings announcement yourself by clicking here.

To track all earnings releases for Clene visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

Atossa Genetics Q3 EPS $(0.06) Down From $(0.04) YoY

By Benzinga Newsdesk

November 7, 5:29 PM

Atossa Genetics (NASDAQ:ATOS) reported quarterly losses of $(0.06) per share. This is a 50 percent decrease over losses of $(0.04) per share from the same period last year.

ATOS

Q3 Net Loss Drops Sharply, Revenue Decreases YoY For Michigan Cannabis Co. Agrify

By Jelena Martinovic

February 14, 11:09 AM

Agrify Corporation, a Michigan-based agricultural technology company, has reported a 56% year-over-year decrease in revenue for the third quarter of 2023. The company's revenue for the quarter stood at $3.1 million, down from $7 million in the same period last year. Agrify also reported a net loss of $2.1 million for Q3 2023, compared to a net loss of $57.4 million in the same quarter of 2022. Despite the decrease in revenue, Agrify's chairman and CEO, Raymond Chang, said that the historically low net loss is an encouraging sign that the company is making progress. The company managed to reduce its total operating expenses to $5.6 million in Q3 2023, down from $27.4 million in the same period last year. Agrify also reported gross profit of $1 million for the quarter, compared to a loss of $4.1 million in Q3 2022. As of September 30, 2023, the company had $43 million in total assets and $64.3 million in total liabilities.

AGFY