Brief: Abc Technologies Reports Q2 Fiscal 2023 Results

ABC Technologies Holdings

10/02/2023 13:02

Feb 10 (Reuters) - Abc Technologies Holdings Inc
 ABCT.TO :
    * . REPORTS Q2 FISCAL 2023 RESULTS
    * Q2 FISCAL 2023 REVENUE INCREASED BY 57.8% TO $321.0
MILLION
    * Q2 FISCAL 2023 NET LOSS OF $22.7 MILLION, COMPARED TO A
NET LOSS
OF $16.4 MILLION IN Q2 FISCAL 2022
    * DURING Q2 FISCAL 2023, RECORDED IMPAIRMENT LOSS OF $20.8
MILLION
ON ITS INVESTMENT IN ABC INOAC EXTERIOR SYSTEMS, LLC
    * EXPECT COSTS TO REMAIN ELEVATED FROM NOW UNTIL END OF
CALENDAR
YEAR 2023
    * Q2 REVENUE VIEW $319.3 MILLION -- REFINITIV IBES DATA
    * QTRLY LOSS PER SHARE OF $0.20
    * Q2 EARNINGS PER SHARE VIEW $-0.03 -- REFINITIV IBES DATA

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