SKYA Posts $281.42 Million Annual Net Loss After 2,927.3% Income Drop
Updated
Updated · CNN · May 28
SKYA Posts $281.42 Million Annual Net Loss After 2,927.3% Income Drop
1 articles · Updated · CNN · May 28
$281.42 million in annual net loss marked SKYA's latest reported result, reflecting a 2,927.3% year-over-year deterioration in net income.
Quarterly net income was negative $86.24 million, though that figure improved 49.38% from the prior quarter.
Earnings per share stood at negative $11.12 for the year and negative $1.19 for the quarter, with the report showing sequential EPS improvement despite the deep annual loss.
SkyAI, a Melville, New York-based medical device and pharmaceutical packaging company, has a market capitalization of about $74.91 million, placing it in the micro-cap category.
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