UFI - Unifi GAAP EPS of -$1.00 beats by $0.06 revenue of $136.2M misses by $18.2M
- Unifi press release ( NYSE: UFI ): Q2 GAAP EPS of -$1.00 beats by $0.06 .
- Revenue of $136.2M (-32.4% Y/Y) misses by $18.2M .
- Gross loss was $8.0 million compared to gross profit of $16.9 million for the second quarter of fiscal 2022, primarily impacted by lower facility utilization and lower sales. Gross margin was (5.9%) compared to 8.4% for the second quarter of fiscal 2022.
- Operating loss was $19.8 million compared to operating income of $4.6 million for the second quarter of fiscal 2022.
- Adjusted EBITDA was ($13.0) million compared to $10.9 million for the second quarter of fiscal 2022.
- Operating cash flows generated for the six months ended January 1, 2023 were $7.3 million, compared to ($4.0) million
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Unifi GAAP EPS of -$1.00 beats by $0.06, revenue of $136.2M misses by $18.2M