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For the third quarter of 2022 STCN had turn a round to profitability by posting EPS of $0.50 per share compare to $-0.45 a year ago and earnings per share turned positive from $-0.39 per share from the previous reporting season.
Revenues fell sharply by -66.039 % to $
51.55 millions from $151.79 millions in the similar reporting season a year ago and sequentially Revenue Tumbled by -57.271 % from $120.64 millions.
Steel Connect Inc. stand at net earnings of $30.200 millions in the third quarter of 2022 an improvement versus a net deficit of $-27.629 millions in the similar reporting season a year ago. Steel Connect Inc. also emphasized it's improving profit margins, where net margin rose to 58.59% in third quarter of 2022, and operating margin edged up to 0.06%.
Steel Connect Inc. is expected to report next financial recent numbers on October 28, 2022.