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TechnologyHighly SpeculativeMicro CapMomentum Trap

Digital infrastructure firm Mawson's Q3 revenue misses estimates

Overview

Mawson's preliminary Q3 revenue falls 8% yr/yr, missing analyst expectations

Company's Q3 gross profit rises 59% from 35% last year

Mawson Q3 net loss down 88% yr/yr due to reduced costs and expenses

Outlook

Company did not provide specific future guidance

Result Drivers

COST REDUCTION - Mawson's Q3 cost of revenues decreased 42% yr/yr, aiding gross profit margin improvement

PROFIT SHARE AGREEMENT - New profit share agreement contributed to increased gross profit in Q3

EXPENSE MANAGEMENT - Reduction in operating and non-operating expenses lowered Q3 net loss

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueMiss$11.20 mln$13.70 mln (1 Analyst)
Q3 Gross Profit$6.60 mln
Analyst Coverage The one available analyst rating on the shares is "hold" The average consensus recommendation for the it services & consulting peer group is "buy." Press Release: ID:nGNX29zVn0 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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