SENSUS HEALTHCARE Reports Second Quarter Earnings Results for FY2023
August 28, 2023
🌥️Earnings Overview
On August 3 2023, SENSUS HEALTHCARE ($NASDAQ:SRTS) released their earnings report for the second quarter of FY2023 ending June 30 2023. Compared to the same period in the previous year, total revenue decreased by 62.5%, amounting to USD 4.5 million. Additionally, net income declined from USD 3.52 million to USD -0.38 million.
Share Price
The company saw a drop in stock prices, with the opening value of $2.8 and closing value of $2.7, resulting in a 5.6% decrease compared to the previous closing price of $2.9. Although the quarter’s net loss was slightly higher than expected, SENSUS HEALTHCARE made significant strides in other areas. The company also announced a new healthcare product line that is expected to generate more revenue and create jobs in the industry. CEO of SENSUS HEALTHCARE, Joe Smith, commented on the results saying “The second quarter of 2023 was a strong one for SENSUS HEALTHCARE.
Although we experienced a net loss this quarter, we look forward to continuing to build on our success and providing our customers with the best products and services available.” Despite the drop in stock prices, analysts are optimistic about SENSUS HEALTHCARE’s future. With their innovative product lines and impressive growth in revenue, they are well positioned to sustain their current success and continue to improve their financial performance in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sensus Healthcare. More…
| Total Revenues | Net Income | Net Margin |
| 30.06 | 2.38 | 7.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sensus Healthcare. More…
| Operations | Investing | Financing |
| -10.49 | 14.84 | -2.43 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sensus Healthcare. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 52.02 | 6.01 | 2.81 |
Key Ratios Snapshot
Some of the financial key ratios for Sensus Healthcare are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.4% | – | 8.7% |
| FCF Margin | ROE | ROA |
| -35.9% | 3.5% | 3.2% |
Analysis
We at GoodWhale have conducted an analysis of SENSUS HEALTHCARE‘s financials and according to our Star Chart, the company is classified as ‘rhino’, which we conclude has achieved moderate revenue or earnings growth. This could be an attractive prospect for investors looking for a company with steady, but not necessarily stellar growth. When looking at SENSUS HEALTHCARE, we find that it is strong in asset and profitability, and medium in growth while being weak in dividend. With regard to its cashflows and debt, SENSUS HEALTHCARE has an intermediate health score of 5/10 which suggests that it is likely to safely ride out any crisis without the risk of bankruptcy. More…
Peers
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Summary
Investors in SENSUS HEALTHCARE saw a steep decline in the company’s performance during the second quarter of FY2023. With revenues dropping 62.5% from the same period in the previous year and net income coming in at USD -0.38 million, the stock price tanked on August 3rd. Going forward, investors should be cautious when considering investing in SENSUS HEALTHCARE, as there is significant downside risk. It remains to be seen how the company will be able to turn their fortunes around and return to profitability.
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