Brilliant Earth Posts Surprise Q2 Profit of 3c/Share
BRLT is trading near its 52-week low of $1 (7.0% above the low).
Summary
Brilliant Earth swung to an adjusted profit of 3 cents per share in Q2, a sharp reversal from the significantly widened net loss and negative Adjusted EBITDA reported in Q1. The company had been burning cash, with Q1 net sales up 6% but costs outpacing revenue. Q2 sales and EPS beat estimates, and the company raised its outlook. With a market cap around $105M and shares at $1.07, the earnings surprise could trigger a significant percentage move.
At the time of this announcement, BRLT was trading at $1.07 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $105.2M. The 52-week trading range was $1.00 to $3.10. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.