| (USD) | Mar 2024 | Q/Q |
|---|---|---|
| Revenue | 252MM | -16% |
| Gross Profit | 97.5MM | -15% |
| Cost Of Revenue | 154.5MM | -16% |
| Operating Income | 19.1MM | -34% |
| Operating Expenses | 78.4MM | -8% |
| Net Income | 24.1MM | -42% |
| R&D | 29.4MM | +6% |
| G&A | 31.2MM | -11% |
| Marketing | 23MM | +4% |
| Amortization | 1.4MM | -22% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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IPG Photonics Corporation (NASDAQ:IPGP) Q1 2024 Earnings Call Transcript April 30, 2024 IPG Photonics Corporation beats earnings expectations. Reported EPS is $0.522, expectations were $0.48. IPG Photonics Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, and welcome […]
Q1 2024 IPG Photonics Corp Earnings Call
Despite a downturn in revenue and gross margin, IPG Photonics outlines recovery strategies and emerging opportunities in key markets.
Although the revenue and EPS for IPG (IPGP) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
IPG Photonics' (IPGP) Q1 results reflect lower revenues from the Materials processing segment.
Revenue and Earnings Dip as IPG Faces Delayed Investments and Soft Demand
IPG (IPGP) delivered earnings and revenue surprises of 8.33% and 0.67%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Fiber laser manufacturer IPG Photonics (NASDAQ:IPGP) missed analysts' expectations in Q1 CY2024, with revenue down 27.4% year on year to $252 million. Next quarter's revenue guidance of $255 million also underwhelmed, coming in 6.6% below analysts' estimates. It made a GAAP profit of $0.52 per share, down from its profit of $1.26 per share in the same quarter last year.
Mark Gitin Appointed Next Chief Executive Officer and to Board of Directors Co-Founder Dr. Eugene Scherbakov to Remain a Member of the Board MARLBOROUGH, Mass., April 30, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) (“IPG” or the “Company”) today announced that its Board of Directors (the “Board”) has appointed Mark Gitin, 57, as the next Chief Executive Officer of the Company and as a member of the Board, effective June 5, 2024. Dr. Gitin’s appointment follows a robust succ
Delayed E-mobility Investments and Soft Industrial Demand Negatively Impacted Results Strong Operating Cash Flow Benefited from Working Capital Management MARLBOROUGH, Mass., April 30, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the first quarter ended March 31, 2024. Three Months Ended March 31, (In millions, except per share data and percentages) 2024 2023 ChangeRevenue $252.0 $347.2 (27)%Gross margin 38.7% 42.3% Operating income $19.1