Sono Group Q3 Earnings Miss Estimates

by Shivani Kumaresan, Benzinga Staff Writer

December 8, 2022 10:34 AM | 30 seconds read |

Sono Group NV SEV reported third-quarter FY22 sales of €138,000 ($139,122), missing the consensus of $540,000.
Gross loss for the quarter was €(5,000) and operating loss for the quarter was €(42.9) million.
The company held €33.4 million in cash and equivalents as of September 30, 2022.
Cash used operating activities totaled €(109.3) million year-to-date.
EPS was €(0.50) or $(0.50) versus €(0.29) last year, missing the consensus of $(0.34).
Price Action: SEV shares are trading lower by 8.62% at $1.06 on the last check Thursday.

Posted In: Earnings News Penny Stocks General Briefs

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