TruGolf (NASDAQ:TRUG) Announces Quarterly Earnings Results

TruGolf (NASDAQ:TRUG) issued its earnings results on Wednesday. The company reported ($2.75) EPS for the quarter, missing the consensus estimate of ($1.49) by ($1.26), FiscalAI reports. TruGolf had a negative net margin of 80.67% and a negative return on equity of 352.92%. The firm had revenue of $5.02 million during the quarter, compared to the consensus estimate of $4.50 million.

TruGolf Trading Down 3.0%

NASDAQ:TRUG opened at $1.47 on Thursday. TruGolf has a twelve month low of $1.40 and a twelve month high of $210.00. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average price of $3.66 and a two-hundred day moving average price of $7.80. The company has a market cap of $2.04 million, a P/E ratio of 0.00 and a beta of -1.10.

Wall Street Analyst Weigh In

Several brokerages have commented on TRUG. Wall Street Zen raised shares of TruGolf to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TruGolf in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, TruGolf presently has an average rating of “Hold”.

TruGolf Company Profile

TruGolf, Inc is a technology company specializing in golf simulation and indoor entertainment solutions. The company designs and manufactures advanced golf simulator hardware that captures swing data and ball flight metrics, allowing users to experience realistic play on virtual renditions of world-renowned golf courses. TruGolf’s integrated systems combine high-speed cameras, infrared sensors and proprietary software to deliver real-time feedback for both recreational and instructional purposes.

In addition to its hardware offerings, TruGolf develops immersive simulation software that features detailed 3D course graphics, customizable practice modes and multiplayer functionality.