Steel Connect Second Quarter 2023 Earnings: US$0.018 loss per share (vs US$0.034 loss in 2Q 2022)

Simply Wall St

March 18, 2023

Steel Connect (NASDAQ:STCN) Second Quarter 2023 Results

Key Financial Results

Revenue: US$50.8m (down 6.5% from 2Q 2022).
Net loss: US$1.06m (loss narrowed by 48% from 2Q 2022).
US$0.018 loss per share (improved from US$0.034 loss in 2Q 2022).

earnings-and-revenue-history — NasdaqCM:STCN Earnings and Revenue History March 18th 2023

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

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

Risk Analysis

Be aware that Steel Connect is showing 2 warning signs in our investment analysis and 1 of those is significant...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.