Sarcos Technology: Q1 Earnings Insights

Sarcos Technology STRC reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:01 PM.

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

Earnings

Sarcos Technology missed estimated earnings by 8.33%, reporting an EPS of $-0.13 versus an estimate of $-0.12.

Revenue was up $1.55 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03 which was followed by a 8.67% drop in the share price the next day.

Here's a look at Sarcos Technology's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.15 -0.11 -0.10 -0.09
EPS Actual -0.12 -0.12 -0.12 -0.10
Revenue Estimate 5.70M 5.02M 1.92M 1.19M
Revenue Actual 6.12M 4.67M 3.04M 743K

To track all earnings releases for Sarcos Technology visit their earnings calendar here.

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

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