ITRN - Ituran Location GAAP EPS of $0.61 beats by $0.08 revenue of $81.6M
2023-08-15 06:34:33 ET
- Ituran Location press release ( NASDAQ: ITRN ): Q2 GAAP EPS of $0.61 beats by $0.08 .
- Revenue of $81.6M (+11.2% Y/Y).
- Net subscriber growth of 47,000: net increase in aftermarket of 45,000 and net increase in OEM of 2,000.
- EBITDA of $21.8 million, up 12% year-over-year.
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Cash flow from operations for the second quarter of 2023 was $17.5 million.
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On the balance sheet, as of June 30, 2023, the Company had cash, including marketable securities, of $34.5 million and debt of $4.5 million, amounting to a net cash position of $30.0 million.
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Ituran Location GAAP EPS of $0.61 beats by $0.08, revenue of $81.6M