Stabilis Solutions Inc. has reported a successful fourth quarter, with earnings per share of $(0.02), marking a significant increase from $(0.13) in the same period the previous year. The company’s revenue for the quarter was $29.59 million, which exceeded initial estimates of $22.54 million.
Stabilis Solutions has also managed to increase its gross profit margin, rising from 6.3% in the prior year quarter to 8.2% in the fourth quarter of 2022. The company’s CEO, Robert Vincenzi, expressed his satisfaction with these results, stating that “We are pleased with our fourth quarter results and our ability to exceed expectations.”
The announcement of Stabilis Solutions’ impressive fourth quarter earnings has resulted in a 4% rise in the company’s shares. These figures indicate…