TSE:9742IT
INES (TSE:9742) Stock Shrinks Losses But Profit Questions Linger
INES came into this earnings print with a stock that has gone sideways to weaker in recent months and a reputation for stubborn losses. The surprise is that the latest quarter shows the loss per share shrinking sharply to ¥3.84 while revenue holds at ¥8,692m. The market closed at ¥2,135 on the day of the release, which leaves you weighing a company that is still unprofitable yet no longer bleeding at the extreme pace seen late last year.
Impressed that INES has pulled its loss per share back...