Ayro Inc Reports Results For The Quarter Ended In September: Earnings Summary

Fabric.AI,

20/11/2023 23:49

* AYRO Inc  AYRO.OQ  reported a quarterly adjusted loss of
$4.44​​
per share for the quarter ended in September, lower than the
same quarter last year, when the company reported EPS of
$-1.20.  The lone analyst forecast for the quarter was for a
loss of 84 cents per share. 
    * Revenue fell 76.3% to $88.40 thousand from a year ago;
analysts
expected $126.00 thousand. 
    * AYRO Inc's reported EPS for the quarter was a loss of
$2.99​.
    * The company reported a quarterly loss of $14.2 million.
    * AYRO Inc shares had fallen by 25.2% this quarter and
lost 42.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 38.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 
    * Wall Street's median 12-month price target for AYRO Inc is
$10.40 

This summary was machine generated from LSEG data November 20 at
11:48 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.84          -4.44          Missed
 Jun. 30 2023      -1.20          -1.28          Missed
 Mar. 31 2023      -1.36          -1.20          Beat