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

In this article:

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).

earnings-and-revenue-history
earnings-and-revenue-history

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

You still need to take note of risks, for example - MicroAlgo has 2 warning signs we think you should be aware of.

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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.

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