IAC - Angi: Making Progress Reducing Losses
2024-01-31 17:05:48 ET
Summary
- Today, we take a deeper look at Angi Inc., a leading company in the online directory of service professionals, which has struggled to achieve profitability.
- New management is making considerable progress on reducing losses, but at the expense of sales growth in FY2023.
- Analyst opinions on the company are mixed, and the company's history of losses and management turnover raises concerns about investment potential.
- What is ahead for Angi Inc. in 2024? An analysis follows in the paragraphs below.
Angi: Making Progress Reducing LossesWhen a man tells you that he got rich through hard work, ask him: 'Whose? ”? Don Marquis.