- Yatra Online Inc (NASDAQ:YTRA) reported second-quarter FY22 adjusted revenue growth of 108.8% year-on-year, to $10.64 million, missing the analyst consensus of $10.68 million.
- Adjusted revenue from Air ticketing rose 100.9% Y/Y, and Hotels & Packages climbed 259.0%.
- Total gross bookings amounted to $114.1 million, a 348.2% growth Y/Y.
- The operating loss for the quarter was $(1.9) million versus $(3.9) million a year earlier. The adjusted EBITDA fell 40% Q/Q to $0.3 million.
- The company held $25 million in cash and equivalents as of September 30, 2021.
- Adjusted EPS loss of $(0.02) was in line with the consensus.
- “We are also beginning to see signs of recovery in corporate travel, as a large number of employees get fully vaccinated,” said CEO Dhruv Shringi.
- During November 2021, gross booking for corporates grew 81.4% compared to September 2021.
- Price Action: YTRA shares are trading higher by 6.74% at $1.90 in premarket on the last check Tuesday.
Avid Bioservices Q1 EPS $0.02 Misses $0.04 Estimate, Sales $36.69M Beat $33.44M Estimate
Avid Bioservices (NASDAQ:CDMO) reported quarterly earnings of $0.02 per share which missed the analyst consensus estimate of $0.04 by 50 percent. This is a 80 percent decrease over earnings of $0.10 per share from the
