Outbrain Inc   (OB)

Outbrain Inc records $6.51 million tax charge

The October to December 31 2022 span earnings vanished, due to hefty $6.51 million tax charge, resulting in $-0.13 loss per share

Published Mar 16 2023
Goran Soko / CSIMarket.com Contributer

Display-Picture-Photography-Taking-Smartphone-801891 the Internet Services & Social Media company announced in the most recent fiscal period surge in Revenues by 22.031 % to $257.97 millions from the comparable reporting period a year before, but it has recorded a shortfall per stock at $-0.13 per share.

From the grew shortfall from $-0.08 per share and Revenues advanced by 12.641 % from $229.02 millions.

For the fiscal span closing December 31 2022 Outbrain Inc logged net shortfall of $-7.749 million, instead of net proceeds of $49.400 millions stand at in the comparable reporting period a year before.

Excluding a $6.51 million tax charge, that The company has recorded, fiscal span closing December 31 2022 recent numbers would show a net profit.

OB recorded a shortfall of $-24.58 millions and Revenues of $992.08 millions for the fiscal year 2022.

Internet Services & Social Media company mentioned that, its eps were at $-0.44 relative to $0.20 in the prior fiscal year, while Revenue decreased by -2.32 % from $1.02 billions a year before.

Outbrain Inc is expected to report next financial recent numbers on May 12, 2023.

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