Tivic Health Systems Inc Down 11.72% To $1.28 After Earnings

Tivic Health Systems Inc (TIVC) said after close Monday that it earned $0.2 per share in quarter four 2023. The company reported $357 thousand in revenue

In the same quarter a year ago, the company lost $23 per share on revenue of $408 thousand.

The stock is down 11.72% to $1.28 after the report.

Tivic Health Systems Inc's profit margins took a hit as earnings fell at a faster pace than revenues.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Tivic Health Systems Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 15, putting Tivic Health Systems Inc in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $1 on February 15, 2024 and set a 52-week high on May 11, 2023 at $23.79.

Tivic Health Systems Inc is a commercial stage bioelectronic medicine company focused on treating diseases and conditions by modulating the electrical signals carried along various nerve pathways. It focus on non-invasive products that offer consumers choice in the treatment of inflammation and related conditions.