SigmaTron International, Inc. (NASDAQ: SGMA) shares retreated Tuesday, on word the electronic manufacturing services company’s revenues and earnings for the fiscal quarter and fiscal year ended April 30, 2024.
Revenues from continuing operations decreased $40.6 million, or 10%, to $373.9 million for fiscal 2024 compared to $414.4 million for fiscal 2023.
Net income/(loss) from continuing operations for fiscal 2024 was a loss of $2.5 million, compared to net income of $14.2 million for fiscal 2023. Basic and diluted income/(loss) per share from continuing operations for fiscal 2024 was a loss of $0.41, compared to $2.34 income per share for fiscal 2023.
For the three months ended April 30, 2024, revenues from continuing operations decreased $27.1 million, or 25 percent, to $81.1 million compared to $108.3 million for the same period in the prior year. Net income/(loss) from continuing operations for the three-month period ended April 30, 2024, was a loss of $3.4 million compared to income of $5.3 million for the same period in the prior year. Basic and diluted income/(loss) per share from continuing operations for the three months ended April 30, 2024 was a loss of $0.55, compared to income of $0.87 income per share for the same period last year.
SGMA shares dipped 27 cents, or 9.3%, to $2.62.
