Thanking you in advance for your answers and for all the other great work you do. Cheers John
MNST EPS of 39c matched estimates; So did sales of $1.86B. But margins did miss estimates and the stock fell. Monster's 50% EPS jump from 2Q22, meeting consensus expectations, highlights a combination of price increases, lower costs associated with freight and aluminum cans, and a moderation in production inefficiencies stemming from supply-chain disruptions in the prior year. Operating margin is expected to improve through year-end, assuming economic conditions remain supportive to consumer spending. The company plans to launch a hard iced-tea extension of The Beast Unleashed, named Nasty Beast Hardcore Tea, by early next year. The stock bounced back 6% yesterday, and we think the long term growth story does remain intact here.
ABCL reported a loss of 11c per share, vs estimates of -12c. Sales of $10.0M missed estimates of $11.4M. EBITDA was negative $45.8M, missing estimates of -$39.8M. No 'milestone' revenue was reported in the quarter and there is limited visibility in the current pipeline. Sales fell 78% sand the loss was 4X last year's level. It did have 5 'program starts' in the quarter which is one positive point. It also has $800M cash, nearly 40% of its market cap. But with revenue falling off a cliff and continued losses, it is hard to generate any excitement here.