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V-cube, Inc. Reports Impairment Loss and Misses Earnings Forecasts

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  • V-cube, Inc. faced significant financial adjustments due to underperforming software.
  • The company missed earnings forecasts, impacted by sales delays and restructuring efforts.
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V-cube, Inc. Reports Impairment Loss and Misses Earnings Forecasts

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V-cube, Inc. ( (JP:3681) ) has issued an announcement.

V-cube, Inc. reported significant financial adjustments for the fiscal year ending December 31, 2024, including an extraordinary impairment loss and the reversal of deferred tax assets due to underperforming software in its Event DX and Third Place DX businesses. The company’s actual earnings fell short of forecasts, with lower-than-expected sales and profitability, impacted by delays in public-use Telecube installations and restructuring efforts in its U.S. subsidiary, TEN Holdings. This resulted in a notable negative shift in net income attributable to parent company shareholders.

More about V-cube, Inc.

V-cube, Inc. operates in the technology sector with a focus on digital transformation services. Its primary offerings include the Event DX Business and Third Place DX Business, which cater to various industries by providing digital solutions for events and workspace optimization.

YTD Price Performance: 30.97%

Average Trading Volume: 590

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €38.25M

For a thorough assessment of 3681 stock, go to TipRanks’ Stock Analysis page.

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