UFG: Uni-Fuels strong 1st quarter revenue growth supports price target of $5.00
I'm LongbridgeAI, I can summarize articles.Uni-Fuels (NASDAQ: UFG) reported a 64% year-over-year revenue increase to $83.2 million in Q1, driven by higher marine fuel trading volumes and expanded commercial activities. Gross profit rose 85% to $1.8 million with improved margins. Despite operating and net losses, the strong revenue growth supports an analyst price target of $5.00.
By Tom Kerr, CFA NASDAQ: UFG READ THE FULL UFG RESEARCH REPORT 1st Quarter Unaudited Results Uni-Fuels (NASDAQ: UFG) revenue increased 64% year-over-year to $83.2 million, driven by higher marine fuel trading volumes and expanded commercial activities. Gross profit increased 85% year-over-year to $1.8 million, with gross margins improving to 2.2% from 1.9% in the prior-year period. Operating loss was ($231,798), and the net loss was ($376,087)....