SVT - Servotronics GAAP EPS of -$0.88 revenue of $43.8M
2023-03-31 09:07:52 ET
- Servotronics press release ( NYSE: SVT ): FY GAAP EPS of -$0.88.
- Revenue of $43.8M (+7.9% Y/Y).
- Consolidated gross profit was $5.9 million or 13.6% of revenue in 2022, compared with $6.0 million or 14.8% for 2021.
- Selling, General and Administrative costs decreased to $8.4 million or 19.2% of revenue in 2022, down from $11.3 million or 25.5% of revenue in the year prior.
- Operating loss improved significantly for the year, decreasing 53.4% to a loss of $2.5 million, from a loss of $5.3 million in 2021.
For further details see:
Servotronics GAAP EPS of -$0.88, revenue of $43.8M