Geoglobal Resources (GGR) Reports Q1 Loss of $0.06, provides guidance

Geoglobal Resources (NASDAQ: GGR) reported Q1 EPS of ($0.06). Revenue for the quarter came in at $69.7 million.

GUIDANCE:

Geoglobal Resources sees FY2024 revenue of $385-420 million, versus the consensus of $400.7 million. While our first quarter revenue was lower than that in previous years, we believe that the typical seasonal volume increases in the remainder of the year as well as the volume of backlog orders for JEGO that are yet to be delivered and preorders for Pulse allow us to remain confident in these forecasts.

For earnings history and earnings-related data on Geoglobal Resources (GGR) click here.

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