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Jun 30, 2022
Mesa Labs Q1 2023 Earnings Report
Mesa Labs reported a revenue increase of 44% but experienced a decrease in operating and net income for Q1 2023.
Key Takeaways
Mesa Labs announced its Q1 2023 results, revealing a 44% increase in revenues compared to the same quarter in the prior year. However, the company's operating income decreased by 247%, and net loss was $(1,438,000), a decrease of 172%. The results were impacted by headwinds from China lockdowns, FX, and continued operational constraints caused by both materials and labor shortages.
Revenues increased by 44% compared to the same quarter in the prior year, reaching $50,453,000.
Operating income decreased by 247% to $(4,594,000).
Net loss was $(1,438,000), a 172% decrease, resulting in a loss of $(0.27) per diluted share.
Organic revenue growth was 3%, but would have been 6% assuming consistent FX rates as in 1Q22.
Revenue by Segment
Forward Guidance
Turbulence in the macroeconomic environment impacting FX, material prices, labor costs, and customer activity will present a challenging operating environment throughout the year and perhaps longer.
Positive Outlook
- Retain a strong belief in our served markets.
- Believe in the power of our distinct solutions.
- Believe in the ability of our team to navigate the challenges ahead.
Challenges Ahead
- Turbulence in the macroeconomic environment impacting FX.
- Turbulence in the macroeconomic environment impacting material prices.
- Turbulence in the macroeconomic environment impacting labor costs.
- Turbulence in the macroeconomic environment impacting customer activity.
- Challenging operating environment throughout the year and perhaps longer.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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