HOLOGIC INC Reports 62.5% Decrease in Q1 Earnings for FY2023
March 20, 2023
Earnings Overview
On December 31st 2022, HOLOGIC INC ($BER:HO1) released their Q1 earnings results for the FY2023, reporting total revenue of USD 187.4 million, representing a 62.5% decrease year-on-year. Net income for the quarter was also down at USD 1074.2 million, a 27.0% decrease compared to the same quarter of the previous year.
Stock Price
The company’s stock opened at €74.3 and closed at €74.3, representing a mere 1.6% decrease from its previous closing price of 75.5. This news of decreased earnings sent shockwaves throughout the markets, as investors are taken aback by the sudden decrease in profitability for the company. HOLOGIC INC has yet to provide an explanation for the decrease in earnings, causing further concerns about the future of the company. It is unclear what caused this sudden and drastic decrease in earnings, but analysts speculate that it could be due to a decrease in demand for its products and services, or external factors such as rising costs or increased competition.
However, the company has yet to provide a statement regarding the matter. The news of the decreased earnings has caused investors to re-evaluate their holdings in HOLOGIC INC, with many selling off their shares in order to avoid further losses. The company’s stock has been steadily falling since the announcement of decreased earnings, indicating that investors are still uncertain about the future of the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hologic Inc. More…
| Total Revenues | Net Income | Net Margin |
| 4.47k | 990.2 | 22.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hologic Inc. More…
| Operations | Investing | Financing |
| 1.81k | -73.8 | -726 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hologic Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.29k | 4.2k | 20.65 |
Key Ratios Snapshot
Some of the financial key ratios for Hologic Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.7% | 69.7% | 29.2% |
| FCF Margin | ROE | ROA |
| 38.0% | 16.3% | 8.8% |
Analysis
As GoodWhale, we have conducted an analysis of HOLOGIC INC‘s finances and come to the conclusion that it is a high risk investment in terms of financial and business aspects. We have detected three risk warnings in the income sheet, balance sheet and non-financial areas. For more details on the specific risks, become a registered user with us and check it out for yourself. We want to ensure that our customers are fully informed before making any decisions about their investments. More…
Summary
HOLOGIC INC‘s Q1 FY2023 earnings report revealed that total revenue decreased by 62.5%, amounting to USD 187.4 million. Net income decreased by 27.0%, amounting to USD 1074.2 million. Investors should be cautious when considering investing in HOLOGIC as this reduction in revenue may have long-term implications for the company’s prospects. Further analysis is needed to assess whether investing in HOLOGIC would be a wise decision at this time.
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