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

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • 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%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Hologic Inc. More…

    Operations Investing Financing
    1.81k -73.8 -726
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • 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
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • 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%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • 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…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • 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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