MicroAlgo Second Quarter 2023 Earnings: CN¥0.64 loss per share (vs CN¥0.032 profit in 2Q 2022)

MicroAlgo (NASDAQ:MLGO) Second Quarter 2023 Results

Key Financial Results

• Revenue: CN¥134.3m (down 32% from 2Q 2022).
• Net loss: CN¥27.9m (down by 396% from CN¥9.46m profit in 2Q 2022).
• CN¥0.64 loss per share (down from CN¥0.032 profit in 2Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

MicroAlgo's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for MicroAlgo that you should be aware of.

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