ESCA - Escalade GAAP EPS of -$0.07 misses by $0.25 revenue of $56.9M misses by $5.35M
2023-05-09 06:14:33 ET
- Escalade press release ( NASDAQ: ESCA ): Q1 GAAP EPS of -$0.07 misses by $0.25 .
- Revenue of $56.9M (-21.4% Y/Y) misses by $5.35M .
- Cash provided by operations of $4.5 million vs. cash used of $2.9 million for Q1 2022.
- EBITDA totaled $1.6 million, a decrease of 85.2%.
- "We anticipate $2.3 million in annualized cost savings resulting from the domestic reduction in force beginning in the third quarter 2023. Between the divestiture of our Mexico operations and planned reduction in force domestically, we anticipate total annualized savings to be approximately $2.8 million to $3.8 million annually."
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Escalade GAAP EPS of -$0.07 misses by $0.25, revenue of $56.9M misses by $5.35M