On August 3, 2023, SENSUS HEALTHCARE ($NASDAQ:SRTS) revealed their earnings for the second quarter of fiscal year 2023, which ended June 30, 2023. Year-over-year, total revenue fell 62.5% to USD 4.5 million while net income decreased from USD 3.52 million to -0.38 million.
On Thursday, Sensus Healthcare, a leading provider of advanced medical technology solutions for the treatment of non-melanoma skin cancer and other chronic medical conditions, reported its earnings for the second quarter of fiscal year 2023. According to the report, Sensus Healthcare’s stock opened at $2.8 and closed at $2.7, a drop of 5.6% from its last closing price of $2.9. Overall, Sensus Healthcare reported mixed results for the second quarter of FY 2023. While the company saw a slight decline in their operating income and net income compared to last year, they were able to increase their total revenue and total assets, which could bode well for their future performance. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Sensus Healthcare. More…
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Cash Flow Snapshot
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Balance Sheet Snapshot
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Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Sensus Healthcare are shown below. More…
Income Statement Ratios
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At GoodWhale, we conducted an in-depth analysis of SENSUS HEALTHCARE‘s wellbeing. Our Risk Rating system showed that SENSUS HEALTHCARE is a high risk investment, in terms of both financial and business aspects. Upon further investigation, our team detected 3 risk warnings in the balance sheet, cash flow statement, and financial journal. To get detailed information on the risk warnings, we recommend signing up as a registered user on our platform. More…
Risk Rating Analysis
Star Chart Analysis
The company’s products include radiation therapy systems and products for treating cancer with lasers. The company’s products are used by hospitals, clinics, and physicians. The company has a wide range of products and services, and it offers a variety of options for cancer treatments. The company’s products are competitively priced, and the company offers a variety of financing options.
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SENSUS HEALTHCARE reported its second quarter earnings for fiscal year 2023, and the results were not encouraging. Total revenue decreased 62.5% year-over-year to USD 4.5 million, and net income decreased from 3.52 million to -0.38 million. As a result, the stock price dropped on the same day.
Given the drastic declines in sales and profits, investors should be cautious when considering an investment in SENSUS HEALTHCARE. Further analysis of the company’s financials and competitive landscape is recommended before making any decisions.