SGMA reports year-over-year growth in Q3 earnings driven by cost cuts and a one-time gain despite a 26% revenue decline. Management expects revenue to improve sequentially in the fiscal fourth quarter.
SGMA incurs a loss of $1.55 per share in the second quarter of fiscal 2025 amid revenue decline and supply chain challenges but highlights strategic moves for recovery and future growth.
SGMA International (SGMA, Financial) experienced a significant stock movement with a 5.33% decline, bringing its share price to $3.02. The trading volume reached 23,606 shares with a turnover rate of 0.39% and a price fluctuation of 5.33%.
SGMA incurs a fiscal Q1 loss of 54 cents per share, with revenues down 14% due to soft demand, though management anticipates improvement by Q4.
SGMA incurs a fiscal Q4 loss as revenues fall 25% due to reduced demand and supply chain issues. Cost-cutting measures and loan renegotiations aim to stabilize operations.
Discover why Zacks has given SigmaTron an "Underperform" rating, being the first on Wall Street to initiate coverage on the stock. Uncover how high debt, inventory declines and customer dependence overshadow the company's recent financial rebounds and strategic shifts.