Coherent Corp. Reports Net Loss of $33.5 Million for Q3 2023

Coherent Corp.(COHR) and its subsidiaries have released their condensed consolidated financial statements for the quarter ended March 31, 2023, revealing a net loss of $33.5 million and revenue of $1.24 billion. The financial data reflects the company's current assets, liabilities, and equity, as well as a breakdown of their revenues, expenses, and cash flows.

Coherent Corp. Reports Net Loss of $33.5 Million for Q3 2023

Coherent Corp., a leading provider of photonics solutions, has reported a net loss of $33.5 million for the third quarter of 2023. This represents a significant decrease compared to the net earnings of $31.9 million recorded during the same period in 2022. The company's earnings per share showed a loss of $0.24, in contrast to a positive $0.30 per share in the previous year.

Company Records Revenue of $1.24 Billion in Q1 2023