Recap: Clever Leaves Holdings Q1 Earnings - Clever Leaves Holdings (NASDAQ:CLVR)

Clever Leaves Holdings CLVR reported its Q1 earnings results on Thursday, May 11, 2023 at 04:10 PM.

Here's what investors need to know about the announcement.

Clever Leaves Holdings beat estimated earnings by 40.0%, reporting an EPS of $-0.09 versus an estimate of $-0.15.

Revenue was down $1.25 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 6.85% drop in the share price the next day.

Here's a look at Clever Leaves Holdings's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.15	-0.17	-0.23	-0.44
EPS Actual	-0.13	-0.03	-0.03	-0.36
Revenue Estimate	4.15M	5.50M	5.55M	4.38M
Revenue Actual	4.61M	3.31M	4.66M	5.22M

To track all earnings releases for Clever Leaves Holdings visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.